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 December 23, 2006

Filer Filing Type Filing Proposal End of Comment Period
BANCO ITAU EUROPA, S.A. Other Foreign Banco Itau Europa S.A. Lisbon, Portugal, requesting approval of the Board of Governors of the Federal Reserve System to acquire 100 percent of BankBoston International, Miami, Florida, an edge corporation subsidiary of Bank of America N.A., Charlotte, North Carolina, pursuant to Section 211.5(d) of Regulation K.
Newspaper: Not applicable
Federal Register: Not applicable
CALYON FBSEA Notice by Calyon, Paris, France for approval from the Board of Governors of the Federal Reserve System to establish an agency in Miami, Florida through the transfer of the activities of the existing Miami agency of its affiliate, Credit Lyonnais, Paris, France, pursuant to Section 211.24(a)(2)(i)(A) of Regulation K.
Newspaper: Not available
Federal Register: Not applicable
M&T BANK CORPORATION 4c8 M&T Bank Corporation, Buffalo, New York proposes to make a public welfare investment in the amount of $10 million as a limited partner in Enterprise Housing Partners XIV Limited Partnership, Columbia, Maryland ("Enterprise"), pursuant to Sections 225.23 and 225.28(b)(12) of Regulation Y. The general partner of Enterprise is Enterprise Community Investment, Inc.
Newspaper: Not applicable
Federal Register: Not applicable
MANUFACTURERS AND TRADERS TRUST COMPANY * Branch Manufacturers and Traders Trust Company, Buffalo, New York request to open and occupy a limited branch to be opened in the Park and ride lot on Millpond Parkway, Village of Monroe, Orange County, New York.
Newspaper: Not available
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