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 May 26, 2007

Filer Filing Type Filing Proposal End of Comment Period
CITIBANK, N.A. Investment 30 days' prior written notice by Citibank, N.A., Las Vegas, Nevada, on behalf of itself and its Edge corporation subsidiary, Citibank Overseas Investment Corporation, New Castle, Delaware, under Section Section 211.9(f) of Regulation K, to make a subsidiary investment in Bank of Overseas Chinese Co., Ltd., Taipei, Taiwan, Republic of China in excess of the single subsidiary general consent limit of Section 211.9(b)(2) of Regulation K; and application under Section 211.9(a)(3) requesting a wavier from the provisions of Section 211.9(b)(6) of Regulation K to exclude the lesser of (i) the amount of this investment and (ii) US$2.20 billion from the Regulation K 12-month aggregate limit.
Newspaper: Not applicable
Federal Register: Not applicable
CITIZENS COMMUNITY BANCORP, INC. * 3A1 Citizens Community Bancorp Inc., to acquire 100 percent of the voting shares of Citizens Community Bank both of Ridgewood, New Jersey.
Newspaper: 06/10/2007
Federal Register: 06/07/2007
Doral GP Ltd. * 4c8
* 3A1
Application and Notice by Doral GP, Ltd., Doral Holdings, LP and Doral Holdings Delaware, LLC all of New York, New York, pursuant to Sections 3(a)(1) and 4(c)(8) of the Bank Holding Company Act to acquire up to 95 percent of Doral Financial Corporation, San Juan, Puerto Rico ("Doral") and thereby acquire Doral's wholly-owned bank subsidiary, Doral Bank, San Juan, Puerto Rico and Doral's wholly-owned federal savings bank, Doral Bank, FSB, New York, New York.
Newspaper: Not available
Federal Register: 06/14/2007
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
JPMORGAN CHASE & CO. Investment JPMorgan Chase & Co., New York, New York, provided 30 days' prior notice to the Board of its intention to make an additional investment in its subsidiary J.P. Morgan Chase International Holdings.
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 Third Quarter of 2007 (July 1, 2007 - September 30, 2007)

Institution Location
ADIRONDACK BK UTICA, NEW YORK
BANK OF CATTARAUGUS CATTARAUGUS, NEW YORK
ORANGE CTY TC MIDDLETOWN, NEW YORK

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