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 May 20, 2017

Filer Filing Type Filing Proposal End of Comment Period
BERKSHIRE HATHAWAY CIC Notice by Berkshire Hathaway Inc. and National Indemnity Company, both of Omaha, Nebraska, to increase control of American Express Company, New York, New York.
Newspaper: Not available
Federal Register: 06/08/2017
GOLD COAST BANCORP, INC. 3A1 Gold Coast Bancorp, Inc., to become a bank holding company by acquiring 100 percent of the outstanding stock of Gold Coast Bank, both of Islandia, New York, pursuant to Section 3(a)(C) of the BHC Act of 1956, as amended, and Section 225.17 of Regulation Y.
Newspaper: Not applicable
Federal Register: Not applicable
GOLDMAN SACHS BANK USA PWI Goldman Sachs Bank USA, New York, New York, seeks prior approval to make a public welfare investment, pursuant to Section 208.22(d) of Regulation H.
Newspaper: Not applicable
Federal Register: Not applicable
GOLDMAN SACHS BANK USA PWI Goldman Sachs Bank USA, New York, New York, seeks prior approval to make a public welfare investment, pursuant to Section 208.22(d) of Regulation H.
Newspaper: Not applicable
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 Third Quarter of 2017 (July 1, 2017 - September 30, 2017) and Fourth Quarter of 2017 (October 1, 2017 - December 31, 2017)

Institution Location Quarter
BANK OF CATTARAUGUS CATTARAUGUS, NEW YORKThird Quarter of 2017
METROPOLITAN CMRL BK NEW YORK, NEW YORKThird Quarter of 2017
PEAPACK GLADSTONE BK BEDMINSTER, NEW JERSEYThird Quarter of 2017
AMBOY BK OLD BRIDGE, NEW JERSEYFourth Quarter of 2017

* 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

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Last update: May 25, 2017