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 June 28, 2008

Filer Filing Type Filing Proposal End of Comment Period
ADIRONDACK TRUST COMPANY, THE * Branch The Adirondack Trust Company, Saratoga Springs, New York, requests approval to establish a full service branch at 376 Bay Road, Queensbury, Warren County, New York.
Newspaper: Not available
Federal Register: Not applicable
BNC FINANCIAL GROUP, INC. * 3A3 BNC Financial Group, Inc., New Canaan, Connecticut, the bank holding company of The Bank of New Canaan, New Canaan, Connecticut, to acquire 100 percent of the voting shares of The Bank of Fairfield, Fairfield, Connecticut, a stock commercial bank in formation, pursuant to Section 3(a)(3) of the BHC Act and Section 225.14 of Regulation Y.
Newspaper: 07/24/2008
Federal Register: 07/25/2008
CITIBANK, N.A. Investment 30 days' prior notice by Citibank, NA, Las Vegas, Nevada and Citibank Overseas Investment Corporation (COIC), New Castle, Delaware, pursuant to Section 211.9(f) of Regulation K, to invest, through Banco Citibank, in STI ANBID.
Newspaper: Not applicable
Federal Register: Not applicable
CITIBANK, N.A. Investment 30 days' prior notice by Citibank, NA, Las Vegas, Nevada and Citibank Overseas Investment Corporation, New Castle, Delaware, pursuant to Section 211.9(f) of Regulation K, to invest in Citibank Costa Rica S.A.
Newspaper: Not applicable
Federal Register: Not applicable
MANUFACTURERS AND TRADERS TRUST COMPANY Foreign Branch Manufacturers and Traders Trust Company, Buffalo, New York, to establish a branch in Toronto, Canada, pursuant to Section 211.3(b)(2) of Regulation K.
Newspaper: Not applicable
Federal Register: Not applicable
NATIONAL AGRICULTURAL COOPERATIVE FEDERATION, THE FBSEA National Agricultural Cooperative Federation, Seoul, Korea, to establish a branch in New York, New York.
Newspaper: Not available
Federal Register: Not applicable
NATIONAL AUSTRALIA BANK LIMITED FBSEA The National Australia Bank Limited, Melbourne, Australia, to establish a branch in Chicago, Illinois, under Section 211.24(a)(2) of Regulation K.
Newspaper: Not available
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