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 July 28, 2007

Filer Filing Type Filing Proposal End of Comment Period
ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP TRUST, THE * 3A3 The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York, to acquire fifty additional shares of 473 Broadway Holding Corporation and to acquire one thousand additional shares of The Adirondack Trust Company, both of Saratoga Springs, New York.
Newspaper: 07/25/2007
Federal Register: 07/30/2007
ANDHRA BANK FBSEA Andhra Bank, Hyderabad, India, to establish a representative office in Jersey City, New Jersey.
Newspaper: Not available
Federal Register: Not applicable
BNP PARIBAS FBSEA BNP Paribas, Paris, France ("BNPP") requests approval pursuant to International Banking Act of 1978 and after the fact provisions of Section 211.24(a)(6) of Regulation K to establish the New York branch of its subsidiary Banca Nationale del Lavoro S.p.A., Rome, Italy ("BNL").
Newspaper: Not available
Federal Register: Not applicable
CITIBANK OVERSEAS INVESTMENT CORPORATION Investment Citibank Overseas Investment Corporation, New Castle, Delaware, ("COIC") on behalf of its wholly owned subsidiaries, Citigroup Asia Pacific Holding Corporation, New Castle, Delaware and Citigroup Holding (Singapore) Private Limited, Singapore requests a waiver from the aggregate investment limit in Section 211.9(b)(6)(i) of Regulation K.
Newspaper: Not applicable
Federal Register: Not applicable
GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND, THE FBSEA Prior Notice by The Governor and Company of the Bank of Scotland ("BOS"), Edinburgh, Scotland, to establish, pursuant to the International Banking Act of 1978, the branch currently maintained by BOS' subsidiary, HBOS Treasury Services plc, London, England, in New York, New York, in connection with an internal reorganization.
Newspaper: Not available
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
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