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 24, 2019

Filer Filing Type Filing Proposal End of Comment Period
MANUFACTURERS AND TRADERS TRUST COMPANY * Branch Manufacturers and Traders Trust Company, Buffalo, New York, to establish a branch office to be located at 3972 Campus Drive, College Park, Maryland.
Newspaper: 09/03/2019
Federal Register: Not applicable
ORIENTAL BANK * 3A3 OFG Bancorp, San Juan, Puerto Rico, to indirectly acquire 100 percent of Scotiabank de Puerto Rico, Hato Rey, Puerto Rico, pursuant to Section 3(a)(3) of the Bank Holding Company Act and Section 225.15 of Regulation Y.
Newspaper: Not available
Federal Register: 09/23/2019


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
ADIRONDACK TC, SARATOGA SPRINGS, NEW YORK 645317 03/11/2019 08/23/2019 S Int Small Bank


CRA Examinations scheduled for Fourth Quarter of 2019 (October 1, 2019 - December 31, 2019) and First Quarter of 2020 (January 1, 2020 - March 31, 2020)

Institution Location Quarter
CHEMUNG CANAL TC ELMIRA, NEW YORKFourth Quarter of 2019
BANCO POPULAR DE PR SAN JUAN, PUERTO RICOFirst Quarter of 2020
BK OF MILLBROOK MILLBROOK, NEW YORKFirst Quarter of 2020
EMPIRE ST BK NEWBURGH, NEW YORKFirst Quarter of 2020
POPULAR BK NEW YORK, NEW YORKFirst Quarter of 2020

* 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