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: 1
Federal Reserve Bank of: Boston

Filings received during the week ending July 14, 2018

Filer Filing Type Filing Proposal End of Comment Period
FEDERAL ONE HOLDINGS, LLC CIC Notice by Dimitri J. Nionakis, Milton, Massachusetts, to control up to 24.92 percent of Federal One Holdings, LLC, Milton, Massachusetts, and thereby indirectly of Admirals Bank, Boston, Massachusetts.
Newspaper: Not available
Federal Register: Not available
JAMESTOWN TRUST#1 * SLHC Formation Applications by the Jamestown Trust #1, the Jamestown Trust #2, the Jamestown Trust #3, the Jamestown Trust #4, the Geesala Trust #1, the Geesala Trust #2, the Geesala Trust #3, and the Geesala Trust #4 to retroactively form savings and loan holdings companies pursuant to section 10(e) of the Home Owners' Loan Act, and retain control of Prospect Financial Corporation, and its wholly owned subsidiary, Home Loan Investment Bank, F.S.B., both of Warwick, Rhode Island. Additionally, the Jamestown Trust #3 and the Geesala Trust #3 propose to purchase all of the shares of Prospect Financial Corporation's capital stock from the other Jamestown Trusts and Geesala Trusts.
Newspaper: 08/06/2018
Federal Register: 08/01/2018


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 Quarter
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