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 April 14, 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,

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:	Not available

COMMUNITY BANK SYSTEM, INC.

4c8

Community Bank System, Inc. ("CBSI"), New York, is providing prior notice to acquire Hand Benefits & Trust, Inc. and thereby engage in employee benefit plan administration and trust services.

Newspaper:	Not applicable
Federal Register:	Not applicable

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

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 April 14, 2007

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 2
Federal Reserve Bank of: New York