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 July 15, 2006

Filer Filing Type Filing Proposal End of Comment Period
COMMUNITY BANK OF BERGEN COUNTY, N.J. * Branch Community Bank of Bergen County, Maywood, New Jersey, to establish a branch office in Garfield, New Jersey.
Newspaper: 07/20/2006
Federal Register: Not applicable
HSBC HOLDINGS PLC * 3A3 HSBC Holdings plc, HSBC Overseas Holdings (UK) Limited, both of London, United Kingdom, HSBC North America Inc., Buffalo, New York, HSBC Investments (North America) Inc., Wilmington, Delaware, HSBC North America Holdings Inc., Prospect Heights, Illinois, and HSBC USA Inc., New York, New York, propose to acquire a new insured and full-service bank pursuant to Section 3(a)(3) of the Bank Holding company Act of 1956 as amended,by establishing a national bank to be named HSBC National Bank USA in Bethesda, Maryland.
Newspaper: Not available
Federal Register: 08/04/2006
KOOKMIN BANK 4c8 Notice by Kookmin Bank, Seoul, Korea ("Kookmin"), for prior approval of the Board of Governors of the Federal Reserve (the ?Board?), 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 the U.S. nonbanking activities of Korea Exchange Bank, Seoul, Korea ("KEB"), after Kookmin acquires a controlling interest in KEB.
Newspaper: Not applicable
Federal Register: Not available
LLOYDS TSB OFFSHORE LIMITED FBSEA Lloyds TSB Offshore Limited, St. Helier, Jersey, a wholly-owned, indirect subsidiary of Lloyds TSB Group plc, London, England, to establish additional representative offices in Stamford, Connecticut, and Los Angeles, California, pursuant to Section 10(a) of the International Banking Act of 1978, as amended, and Section 211.24(a)(2) of Regulation K.
Newspaper: 08/09/2006
Federal Register: Not applicable
MACQUARIE BANK LIMITED FBSEA Macquarie Bank Ltd., Sydney, Australia, to establish one additional representative office in San Francisco, California, pursuant to Section 211.24(a)(2)(i)(B)(3) of Regulation K.
Newspaper: Not available
Federal Register: Not applicable
STATE EXPORT-IMPORT BANK OF UKRAINE, INC. FBSEA Export-Import Bank of Ukraine ("EXIM Bank")Kiev, Ukraine, to establish a representative office in New York, New York, pursuant to Section 10(a) of the International Banking Act of 1978, as amended, and Section 211.24(a)(1) 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

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