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 April 3, 2010

Filer Filing Type Filing Proposal End of Comment Period
AMERICAN COMMUNITY BANCORP INC. * 3A1 American Community Bancorp Inc., to become a bank holding company by acquiring 100 percent of American Community Bank, both of Glen Cove, New York, pursuant to Section 3(a)(1) of BHC Act and Section 225.15 of Regulation Y.
Newspaper: Not available
Federal Register: Not available
BANK OF NEW YORK MELLON CORPORATION, THE * 18C The Bank of New York Mellon, New York, New York, to acquire certain deposit liabilities of Arcus Bank, Salt Lake City, Utah, pursuant to Section 18(c) of the Federal Deposit Insurance Act.
Newspaper: Not available
Federal Register: Not applicable
FORTIS BANK NEDERLAND NV FBSEA Fortis Bank (Nederland) N.V., Amsterdam, Netherlands, 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
GOLDMAN SACHS GROUP, INC., THE * 3A3 Goldman Sachs Group, Inc., New York, New York, to acquire 24.9 percent of SKBHC Holdings LLC, Corona del Mar, California, which is applying to become a bank holding company, and thereby indirectly acquire Starbuck Bancshares, Inc. and The First National Bank of Starbuck, both of Starbuck, Minnesota.
Newspaper: Not available
Federal Register: 04/28/2010
MORGAN STANLEY * 3A3 Morgan Stanley, New York, New York, to acquire 100 percent of Morgan Stanley Private Bank, N.A. ("MS Private Bank"), Jersey City, New Jersey, pursuant to Section 3(a)(3) of the Bank Holding Company Act and Section 225.15 of Regulation Y, that will be created from converting Morgan Stanley Trust, Jersey City, New Jersey, into a national bank. MS Private Bank will assume certain deposit liabilities of Morgan Stanley Bank, N.A., Salt Lake City, Utah and will be relocated to Purchase, New Jersey.
Newspaper: Not available
Federal Register: 04/26/2010
ORANGE COUNTY TRUST COMPANY * Branch Orange County Trust Company, Middletown, New York, to establish a branch office located at 78 North Plank Road, Newburgh, New York.
Newspaper: 04/16/2010
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