Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 2
Federal Reserve Bank of: New York

Filings received during the week ending February 17, 2007

Filer

Filing Type

Filing Proposal

End of Comment Period

AMBOY BANCORPORATION EMPLOYEE STOCK OWNERSHIP PLAN

* 3A1

Amboy Bancorporation Employee Stock Ownership Plan, ("ESOP"), requests approval to become a bank holding company, pursuant to Section 3(a)(1) of the BHC Act of 1956 and Section 225.15 of Regulation Y, by acquiring common stock of Amboy Bancorporation, both of Old Bridge, New Jersey ("Amboy").

Newspaper:	Not available
Federal Register:	Not available

BNC FINANCIAL GROUP, INC.

3A1

BNC Financial Group, Inc., New Canaan, Connecticut, to become a one-bank holding company, pursuant to Section 3(a)(C) of the BHC Act and Section 225.17 of Regulation Y, with respect to The Bank of New Canaan, New Canaan, Connecticut.

Newspaper:	Not applicable
Federal Register:	Not applicable

CHEMUNG CANAL TRUST COMPANY

* 18C

Chemung Canal Trust Company, Elmira, New York to purchase the assets and assume the liabilities certain trust accounts of Partners Trust Bank, Utica, New York through a merger with its wholly-owned subsidiary Partners Interim Bank, Utica, New York pursuant to Section 18(c) of the Federal Deposit Insurance Act.

Newspaper:	Not available
Federal Register:	Not applicable

CHINA MERCHANTS BANK CO. LTD.

FBSEA

China Merchants Bank Co., Ltd.("CMB"),Shenzhen, Peoples Republic of China is applying to establish a branch, under Section 211.24(a)(1) of Regulation K, in New York.

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

District: 2 Federal Reserve Bank of: New York

Filings received during the week ending February 17, 2007

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 2
Federal Reserve Bank of: New York