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 21, 2007

Filer Filing Type Filing Proposal End of Comment Period
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. * 3A1
* 3A3
Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA"), Bilbao, Spain, to acquire Compass Bancshares, Inc., Birmingham, Alabama, and thereby indirectly acquire its U.S. bank subsidiaries, Compass Bank, Birmingham, Alabama, and Central Bank of the South, Anniston, Alabama. In addition, Circle Merger Corp., Birmingham, Alabama, a wholly-owned subsidiary of Compass Bancshares, Inc., to become a bank holding company by acquiring Compass Bancshares Inc., for a moment in time, to facilitate the acquisition of Compass Bancshares,Inc. by BBVA. Furthermore, Blue Transaction Corporation, The Woodlands, Texas, a wholly-owned subsidiary of BBVA, proposes to become a bank holding company through the merger of Circle Merger Corp., with and into Blue Transaction Corporation.
Newspaper: Not available
Federal Register: 05/04/2007
BANK OF NOVA SCOTIA, THE 4c8
* 3A3
The Bank of Nova Scotia, Toronto, Canada, to acquire voting shares of First BanCorp, San Juan, Puerto Rico, and thereby indirectly acquire FirstBank Puerto Rico, San Juan, Puerto Rico, and indirectly acquire FirstBank Florida, Miami, Florida, and thereby operate a savings association.
Newspaper: 05/11/2007
Federal Register: 05/07/2007
INDUSTRIAL AND COMMERCIAL BANK OF CHINA, LIMITED, THE FBSEA The Industrial and Commercial Bank of China, Limited, Beijing, Peoples Republic of China is applying to establish a branch in New York.
Newspaper: Not available
Federal Register: Not applicable
INTESA SANPAOLO S.P.A. FBSEA Intesa Sanpaolo S.p.A., Turin, Italy, to retain the federally licensed branch of former Sanpoalo IMI, S.p.A., in New York, New York.
Newspaper: Not available
Federal Register: Not applicable
Orange County Bancorp * 3A1 Orange County Bancorp, Inc., to acquire 100 percent of the voting shares of Orange County Trust Compnay, both of Middletown, New York.
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
NONE

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