Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 1: Federal Reserve Bank of Boston PDF
Filings received during the week ending April 20, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| FALL RIVER FIVE CENTS SAVINGS BANK | * Branch (Domestic) | Notice submitted by Fall River Five Cents Savings Bank, Fall River, Massachusetts, for prior approval from the Board of Governors of the Federal Reserve System to establish a branch at 875 State Road Units 8-9, Westport, Massachusetts, pursuant to Section 9 of the Federal Reserve Act and Section 208.6 of the Board's Regulation H. | 04/30/2024 | Not applicable |
| PROFILE BANK | * Branch (Domestic) | Application by Profile Bank, Rochester, NH to open branch office located at 538 Central Avenue, Dover, New Hampshire. | 04/27/2024 | Not applicable |
* On May 17, 2024, the location for Profile Bank was corrected to Rochester, NH, and the date for the end of the comment period was added.
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 |
|---|---|---|---|---|---|
| READING CO-OP BK, READING, MASSACHUSETTS | 1008674 | 02/11/2024 | 07/31/2023 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||