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: 9
Federal Reserve Bank of: Minneapolis

Filings received during the week ending September 3, 2011

Filer Filing Type Filing Proposal End of Comment Period
CENTRAL BANCSHARES, INC. 4c8 Central Bancshares Inc., Golden Valley, Minnesota, to engage, de novo, in extending credit and servicing loans.
Newspaper: Not applicable
Federal Register: Not applicable
CLINTON BANCSHARES, INC. CIC Retroactive change in control notice by Paul K. Steen, Edina, Minnesota, and James R. Steen, Fargo, North Dakota, to each retain 25% or more of the shares of Clinton Bancshares, Inc., Clinton, Minnesota, and thereby indirectly retain control of Clinton State Bank, Clinton, Minnesota.
Newspaper: 08/26/2011
Federal Register: 09/13/2011
FIRST MONTANA BANK, INC. Premises First Montana Bank, Libby, Montana, to increase its investment in bank premises.
Newspaper: Not applicable
Federal Register: Not applicable
MERCHANTS STATE BANK * Branch Merchants State Bank, Freeman, South Dakota, to establish a de novo branch in Irene, South Dakota.
Newspaper: 09/09/2011
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
AMERICAN ST BK OF GRYGLA, GRYGLA, MINNESOTA 21359 05/10/2011 08/17/2011 S Small Bank


CRA Examinations scheduled for     Quarter of

Institution Location
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