Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 2
Federal Reserve Bank of: New York

Filings received during the week ending September 27, 2008

Filer Filing Type Filing Proposal End of Comment Period
GOLDMAN SACHS BANK USA Member Goldman Sachs Bank USA, Salt Lake City, Utah to become a member of the Federal Reserve System.
Newspaper: Not applicable
Federal Register: Not applicable
GOLDMAN SACHS GROUP, INC., THE Investment
* 3A1
The Goldman Sachs Group, Inc. ("Goldman") and Goldman Sachs Bank USA Holdings LLC, both of New York, New York, to become bank holding companies on conversion of Goldman Sachs Bank USA, Salt Lake City, Utah, to a state-chartered bank, pursuant to Section 3 of the Bank Holding Company Act ("BHC Act") and for Goldman to retain its foreign bank subsidiaries, pursuant to Section 4(c)(13) of the BHC Act.
Newspaper: Not available
Federal Register: Not available
ICICI BANK LIMITED FBSEA ICICI Bank Limited, Mumbai, India, to establish representative offices in San Francisco and Los Angeles, California; Atlanta, Georgia; Chicago, Illinois; Edison, New Jersey; Houston, Texas and Washington D.C., pursuant to Section 211.24(a)(2)(i)(B)(2) of Regulation K.
Newspaper: Not available
Federal Register: Not applicable
JPMORGAN CHASE & CO. Investment JPMorgan Chase & Co., New York, New York, and J.P. Morgan International Finance Limited, Newark, Delaware, provide 30 days' prior notice to the Board, pursuant to Section 211.9(f) of Regulation K, of their intention to make an investment in a UK-based subsidiary, and requests a waiver from the aggregate investment limit in Section 211.9(b)(6) of Regulation K.
Newspaper: Not applicable
Federal Register: Not applicable
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION Investment JPMorgan Chase Bank, National Association, Columbus, Ohio, Bank One International Holdings Corporation, Chicago, Illinois, J.P. Morgan International Inc., New York, New York, and J.P. Morgan International Finance Limited, Newark, Delaware, provide 30 days' prior notice to the Board, pursuant to Section 211.9(f) of Regulation K, of their intention to make an investment in a UK-based subsidiary, and request a waiver from the aggregate investment limit in Section 211.9(b)(6) of Regulation K.
Newspaper: Not applicable
Federal Register: Not applicable
MANUFACTURERS AND TRADERS TRUST COMPANY * Branch Manufacturers and Traders Trust Company, Buffalo, New York, requests to establish a branch located at 8521 Colesville Road, Silver Spring, Montgomery County, Maryland.
Newspaper: 10/07/2008
Federal Register: Not applicable
MORGAN STANLEY Investment
* 4c8
* 3A1
Morgan Stanley ("Morgan"), Morgan Stanley Capital Management LLC, and Morgan Stanley Domestic Holdings, Inc., all of New York, New York, to become bank holding companies on conversion of Morgan Stanley Bank, Salt Lake City, Utah, to a bank, pursuant to Section 3 of the Bank Holding Company Act ("BHC Act"); and to become financial holding companies, pursuant to Section 225.82 of Regulation Y; for Morgan to retain its shares of Morgan Stanley Trust, Jersey City, New Jersey, and Morgan Stanley Trust National Association, Wilmington, Delaware, and thereby operate a savings association and trust company, pursuant to Section 4(c)(8) of the BHC Act; and for Morgan to retain its foreign bank subsidiaries, pursuant to Section 4(c)(13) of the BHC Act.
Newspaper: 09/21/2008
Federal Register: 09/21/2008
WOORI BANK FBSEA Woori Bank, Seoul, Korea, to upgrade its Los Angeles agency to a branch, pursuant to Section 211.24(a)(1)(i)(A) of Regulation K.
Newspaper: 09/30/2008
Federal Register: Not applicable


Availability of CRA Public Evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

Federal bank regulators use the following performance levels to rate an institution's performance under CRA:

O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.
 
Institution / Location
RSSD
ID
 
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
NONE


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

* Subject to the provisions of the Community Reinvestment Act

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco