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: 5
Federal Reserve Bank of: Richmond

Filings received during the week ending October 7, 2006

Filer Filing Type Filing Proposal End of Comment Period
BANK OF AMERICA, NATIONAL ASSOCIATION Investment Bank of America, NA, Charlotte, North Carolina, to increase its investment in Banc of America Leasing Ireland Co., Limited, Dublin, Ireland.
Newspaper: Not applicable
Federal Register: Not applicable
BANK OF AMERICA, NATIONAL ASSOCIATION Investment Bank of America, NA, Charlotte, North Carolina, to increase its investment in Banc of America Securities Limited, London, United Kingdom.
Newspaper: Not applicable
Federal Register: Not applicable
HIGHLANDS UNION BANK * Branch Highlands Union Bank, Abingdon, Virginia, proposes to establish a branch at the corner of Mountain Grove Road and Majestic Road, Knoxville, Tennessee.
Newspaper: 10/20/2006
Federal Register: Not applicable
NEW PEOPLES BANK, INC. * Branch New Peoples Bank, Inc., Honaker, Virginia, to establish a branch at the corner of Highways 58 and 715, Ben Hur, Virginia.
Newspaper: 10/18/2006
Federal Register: Not applicable
PEOPLES COMMUNITY BANK Premises Peoples Community Bank, Montross, Virginia, to increase its investment in bank premises in the amount of $150,000.
Newspaper: Not applicable
Federal Register: Not applicable
RBC CENTURA BANK * Branch RBC Centura Bank, Rocky Mount, North Carolina, to establish a branch at 14495 Miramar Parkway, Miramar, Florida.
Newspaper: 10/13/2006
Federal Register: Not applicable
RBC CENTURA BANK * Branch RBC Centura Bank, Rocky Mount, North Carolina, to establish a branch at 4620 PGA Boulevard, Suite 101, Palm Beach Gardens, Florida.
Newspaper: 10/13/2006
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

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