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 August 22, 2015

Filer Filing Type Filing Proposal End of Comment Period
CITIBANK, N.A. Investment Citibank, N.A., Sioux Falls, South Dakota and Citibank Overseas Investment Corporation, New Castle, Delaware, pursuant to Section 211.9(f) of Regulation K, to make an investment.
Newspaper: Not applicable
Federal Register: Not applicable
FIRST AMERICAN INTERNATIONAL CORP. CIC Notice of Change in Control on behalf of Frederick Hing Kwok Chau ("Chau"), his children, Christopher Yeou-Hwa Chau and Karen Yeou-Hung Pellett, and the FD Chau Family LLC, in connection with the proposed acquisition by Chau for up to 110,000 shares of common stock of First American International Corp. that owns First American International Bank, both of Brooklyn, New York.
Newspaper: Not available
Federal Register: Not available
FIRST GREENWICH FINANCIAL, INC. 3A1 First Greenwich Financial Inc., Cos Cob, Connecticut, to become a bank holding company by acquiring 100 percent of the voting shares of the First Bank of Greenwich, Cos Cob, Connecticut, pursuant to Section 3(a)(5)(c) of the BHC Act of 1956, as amended and Section 225.17 of Regulation Y.
Newspaper: Not applicable
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 Forth Quarter of 2015 (October 1, 2015 - December 31, 2015)

Institution Location
ALDEN ST BK ALDEN, NEW YORK
BANCO POPULAR N AMER NEW YORK, NEW YORK

* 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