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

District: 5
Federal Reserve Bank of: Richmond

Filings received during the week ending February 23, 2008

Filer

Filing Type

Filing Proposal

End of Comment Period

BANK OF AMERICA CORPORATION

4c8
* 4c8

Bank of America Corporation, Charlotte, North Carolina, to acquire 100% of the voting securities of Countrywide Financial Corporation, Calabasas, California, and thereby indirectly acquire 100% of the voting securities of Countrywide Bank, FSB, Alexandria, Virginia, and thereby engage in the business of operating a savings association.

Newspaper:	Not available
Federal Register:	Not available

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 Second Quarter of 2008 (April 1, 2008 - June 30, 2008)

Institution	Location
ALLIANCE BK CORP	FAIRFAX, VIRGINIA
BAY CMNTY BK	NEWPORT NEWS, VIRGINIA
FARMERS & MRCH BK OF CRAIG CTY	NEW CASTLE, VIRGINIA
MONARCH BK	CHESAPEAKE, VIRGINIA
RBC CENTURA BK	RALEIGH, NORTH CAROLINA
UNION B&TC	BOWLING GREEN, VIRGINIA

* Subject to the provisions of the Community Reinvestment Act

District: 5 Federal Reserve Bank of: Richmond

Filings received during the week ending February 23, 2008

Availability of CRA Public Evaluations

CRA Examinations scheduled for Second Quarter of 2008 (April 1, 2008 - June 30, 2008)

District: 5
Federal Reserve Bank of: Richmond