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 5, 2009

Filer Filing Type Filing Proposal End of Comment Period
BANCO DO BRASIL S.A. 4c8 Banco do Brasil, S.A., Brasilia, Brazil, and Caixa de Previdencia dos Funcionarios do Banco do Brasil, Rio De Janiero, Brazil, pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956, as amended, and Section 225.24 of Regulation Y, to engage in securities brokerage activities in the United States through Banco Votorantim Securities, Inc., Sao Paulo, Brazil.
Newspaper: Not applicable
Federal Register: 09/22/2009
BANCO POPULAR NORTH AMERICA * Branch Banco Popular North America, New York, New York request to open a branch office to be located at 100 Park Place Blvd., Suite 101, Kissimmee, Florida.
Newspaper: 09/23/2009
Federal Register: Not applicable
MANUFACTURERS AND TRADERS TRUST COMPANY * Branch Manufacturers and Traders Trust Company, Buffalo, New York to establish a branch at 91 Routzahn's Way, Frederick, Frederick County, Maryland.
Newspaper: 09/12/2009
Federal Register: Not applicable
MAX BANCORP, LLC * 3A1 Max Bancorp, LLC, New York, New York, to become a bank holding company by acquiring a majority of the voting shares of Sandhills Holding Company, Inc. and indirectly, Sandhills Bank, both of North Myrtle Beach, South Carolina, pursuant to Section 3(a)(1) of BHC Act and Section 225.15 of Regulation Y.
Newspaper: Not available
Federal Register: 09/24/2009
SUMITOMO TRUST & BANKING CO., LTD., THE 4c8 The Sumitomo Trust & Banking Co., Ltd., Osaka, Japan proposes to acquire Nikko Asset Management Co., Ltd., Tokyo, Japan and thereby indirectly acquire Nikko Asset Management Americas, Inc., New York, New York, which is engaged in investment advisory activities, pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956, as amended, and Section 225.28(b)(6) of Regulation Y.
Newspaper: Not applicable
Federal Register: 09/24/2009


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