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 November 22, 2008

Filer Filing Type Filing Proposal End of Comment Period
MANUFACTURERS AND TRADERS TRUST COMPANY * Branch Manufacturers and Traders Trust Company, Buffalo, New York requests to establish branches at(i) 19209 A-B Chennault Way, Gaithersbury, Montgomery County, Maryland; (ii)5910 Executive Boulevard, Rockville, Montgomery County, Maryland; (iii) 910 South Richland Avenue, Spring Garden Township, York County, Pennsylvania.
Newspaper: 11/30/2008
Federal Register: Not applicable
MIZUHO CORPORATE BANK, LTD. FBSEA Mizuho Corporate Bank, Ltd, Tokyo, Japan, to upgrade its Los Angeles agency to a branch pursuant to Section 5(a)(7)(B) of the International Banking Act and Section 211.24(a)(2)(i)(A) of Regulation K.
Newspaper: 12/12/2008
Federal Register: Not applicable
MORGAN STANLEY * 3A3 Morgan Stanley, New York, New York to acquire up to 9.9 percent of the common stock of Heritage Bank, N.A. (in organization), New York, New York.
Newspaper: Not available
Federal Register: 12/04/2008
STANDARD CHARTERED BANK 4c8 Standard Chartered Bank, London, England, to engage through its subsidiary, Standard Chartered Securities (North America) Inc., New York, New York, in certain de novo activities pursuant to Sections 225.28(b)(6)(i); (b)(6)(ii); (b)(6)(iv); (b)(7)(i); (b)(7)(ii); (b)(7)(v) and (b)(8)(i) of Regulation Y.
Newspaper: Not applicable
Federal Register: 12/08/2008


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 First Quarter of 2009 (January 1, 2009 - March 31, 2009)

Institution Location
AMBOY BK OLD BRIDGE, NEW JERSEY
BANCO POPULAR N AMER NEW YORK, NEW YORK

* 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