Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 2: Federal Reserve Bank of New York PDF
Filings received during the week ending September 30, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| ADIRONDACK TRUST COMPANY, THE | Premises | The Adirondack Trust Company, Saratoga Springs, New York, under Section 24A of the Federal Reserve Act and Section 208.21 of Regulation H, to increase its investment in bank premises. | Not applicable | Not applicable |
| MANUFACTURERS AND TRADERS TRUST COMPANY | Public Welfare Investment | Manufacturers and Traders Trust Company, Buffalo, New York, to make a public welfare investment, pursuant to Section 208.22(d) of the Board's Regulation H. | Not applicable | Not applicable |
| OakNorth Bank plc | Rep Office | OakNorth Bank plc, London, United Kingdom, to establish a representative office in New York, New York, pursuant to Section pursuant to Section 10(a) of the International Banking Act. | Not available | Not applicable |
* Subject to the provisions of the Community Reinvestment Act
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 |
|---|---|---|---|---|---|
| ADIRONDACK TC, SARATOGA SPRINGS, NEW YORK | 645317 | 09/28/2023 | 12/05/2022 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||