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 April 4, 2020

Filer Filing Type Filing Proposal End of Comment Period
BESSEMER GROUP, INCORPORATED, THE CIC Notice by Martha Phipps Maguire, as trustee of: (i) JGD III (J. Gordon Douglas, III) & DESC UA 8 A3 UW MB (Margaret Boegner) BGI Trust, New York, New York; (ii) Andrew P. Sidamon-Eristoff 2003 Grantor Retained Annuity Trust ("GRAT"); (iii) Elizabeth Sidamon-Eristoff 2003 GRAT; and (iv) Simon Sidamon-Eristoff 2003 GRAT, all of Woodbridge, New Jersey; to acquire a controlling interest in Bessemer Group, Inc., Woodbridge, New Jersey, and thereby indirectly acquire Bessemer Trust Company, Woodbridge, New Jersey, and Bessemer Trust Company, N.A., New York, New York, pursuant to section 225.41 of Regulation Y.
Newspaper: 04/16/2020
Federal Register: 04/22/2020
ICICI BANK LIMITED FBSEA ICICI Bank Limited, Mumbai, India, to establish a representative office in Sunnyvale, California, and a representative office in Irving, Texas, pursuant to Section 10(a) of the International Banking Act of 1978, as amended, and Section 211.24(a)(2)(i)(B)(2) of Regulation K.
Newspaper: Not available
Federal Register: Not applicable
MORGAN STANLEY 4c8 Morgan Stanley, New York, New York, to acquire 100 percent of the voting shares of E*TRADE Financial Corporation, Arlington, Virginia, and thereby indirectly acquire E*TRADE Bank and E*TRADE Savings Bank, both of Arlington, Virginia, and thereby operate a savings association, pursuant to Section 4(c)(8) of the Bank Holding Company Act.
Newspaper: 04/24/2020
Federal Register: 05/01/2020


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