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: 12
Federal Reserve Bank of: San Francisco

Filings received during the week ending November 9, 2019

Filer Filing Type Filing Proposal End of Comment Period
ADYEN N.V. FBSEA Adyen, N.V., Amsterdam, Netherlands, to establish a branch in San Francisco, California, pursuant to Section 7(d) of the International Banking Act.
Newspaper: Not available
Federal Register: Not applicable
BANK OF HAWAII * Branch Bank of Hawaii, Honolulu, Hawaii, to establish a branch office at 909 Dillingham Boulevard, Honolulu, Hawaii.
Newspaper: 11/18/2019
Federal Register: Not applicable
BANK OF HAWAII PWI Bank OF Hawaii, Honolulu, Hawaii, proposes to make a public welfare investment of a maximum of $9.1 million in HHF Equity Fund 15, LLC, and an investment of a maximum of $4.0 million in HHF Equity Fund 16, LLC. Each fund will invest in low-income residential rental properties in Hawaii that will qualify for low-income housing tax credits.
Newspaper: Not applicable
Federal Register: Not applicable
HOME CREDIT CORPORATION CIC Change in Control Notice by JGS, Jr. Family Holding Corporation; John G. Sorensen, Jr.; SSS Family Holding Corporation; and Sondra S. Swindle; all of Salt Lake City, Utah, to acquire voting shares of Home Credit Corporation, and thereby indirectly acquire shares of its subsidiary, Home Savings Bank, both of Salt Lake City, Utah.
Newspaper: Not available
Federal Register: Not available
SILICON VALLEY BANK PWI Silicon Valley Bank, Santa Clara, California, requests prior approval to make a $22 million public welfare investment in The California Corporate Tax Credit Fund IX.
Newspaper: Not applicable
Federal Register: Not applicable
UTAH INDEPENDENT BANK * Branch Utah Independent Bank, Salina, Utah, proposes to establish a new branch office at 326 South Main Street, Milford, Utah.
Newspaper: Not available
Federal Register: Not applicable
WESTAMERICA BANK PWI Westamerica Bank, San Rafael, California proposes to make public welfare investments totaling $1.7 million in the CREA Corporate Tax Credit Found 74, LLC.
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     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