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 October 23, 2010

Filer Filing Type Filing Proposal End of Comment Period
AGRICULTURAL BANK OF CHINA, THE FBSEA Agricultural Bank of China Limited, Beijing, China, to upgrade its New York representative office to a branch office pursuant to Section 211.24(a)(1) of Regulation K. 
Newspaper: 11/03/2010
Federal Register: Not applicable
BANCO POPULAR NORTH AMERICA * Branch Banco Popular North America, New York, New York, to open a branch office to be located at 191 South Imperial Highway, Anaheim, California.
Newspaper: 10/29/2010
Federal Register: Not applicable
BANK OF FUKUOKA, LTD., THE FBSEA The Bank of Fukuoka, Fukuoka, Japan, 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: 11/20/2010
Federal Register: Not applicable
JPMORGAN CHASE & CO. Investment JPMorgan Chase & Co., New York, New York, to make and additional investment in J.P. Morgan Chase International Holdings, pursuant to Section 211.9(f) of Regulation K and to request a waiver from the aggregate investment limit in Section 211.9(b)(6) of Regulation K.
Newspaper: Not applicable
Federal Register: Not applicable
UBS AG FBSEA UBS AG, Zurich, Switzerland, to establish two limited branches located at (1) 499 Washington Blvd., Jersey City, New Jersey and (2) 3325 Perimeter Hill Drive, Nashville, Tennessee, pursuant to Section 211.24(a)(2)(i)(A) 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