Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 2
Federal Reserve Bank of: New York

Filings received during the week ending September 29, 2018

Filer

Filing Type

Filing Proposal

End of Comment Period

ADIRONDACK TRUST COMPANY, THE

Premises

The Adirondack Trust Company, Saratoga Springs, New York, to make an investment in bank premises, pursuant to Section 24A of the Federal Reserve Act and Section 208.21 of Regulation H.

Newspaper:	Not applicable
Federal Register:	Not applicable

GRASSHOPPER BANCORP, INC.

* 3A1

Grasshopper Bancorp, Inc., New York, New York, to become a bank holding company through the formation of its subsidiary bank, Grasshopper Bank, N.A., New York, New York, pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended.

Newspaper:	Not available
Federal Register:	Not available

RHINEBECK BANCORP, MHC

* 3A1

Rhinebeck Bancorp, Inc., Poughkeepsie, New York, proposes to become a bank holding company by acquiring 100 percent of the shares of Rhinebeck Bank, also of Poughkeepsie, New York, in connection with Rhinebeck Bank's reorganization into a two-tier mutual holding company structure, pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended.

Newspaper:	10/11/2018
Federal Register:	10/15/2018

USB BANCORP INC.

* 3A1

USB Bancorp Inc., Danbury, Connecticut to become a bank holding company, by acquiring 100 percent of the voting shares of Union Savings Bank, Danbury, Connecticut , pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended and Section 225.15 of Regulation Y.

Newspaper:	Not available
Federal Register:	Not available

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

District: 2 Federal Reserve Bank of: New York

Filings received during the week ending September 29, 2018

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 2
Federal Reserve Bank of: New York