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: 12
Federal Reserve Bank of: San Francisco

Filings received during the week ending November 24, 2007

Filer Filing Type Filing Proposal End of Comment Period
AMERICAN SECURITY BANK * Branch American Security Bank, Santa Ana, California, to establish a branch office at 1401 Dove Street, Newport Beach, California.
Newspaper: Not available
Federal Register: Not applicable
FRANKLIN RESOURCES, INC. * 3A3 Franklin Resources, Inc., San Mateo, California, to retain 5.15 percent of Commerce Bancorp, Inc., and thereby indirectly its subsidiary, Commerce Bank, N.A., both of Cherry Hill, New Jersey.
Newspaper: Not available
Federal Register: Not available
MITSUBISHI UFJ FINANCIAL GROUP, INC. 4c8 Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan, to indirectly acquire up to 30 percent of Diamond Lease (U.S.A.), Inc., New York, New York, and to thereby indirectly engage in the leasing of personal or real property, pursuant to section 225.28(b)(3) of Regulation Y.
Newspaper: Not applicable
Federal Register: Not available
NARA BANK * 18C Nara Bank, Los Angeles, California, to purchase the assets and assume the liabilities of the Brick, New Jersey, branch of The Provident Bank, Jersey City, New Jersey.
Newspaper: Not available
Federal Register: Not applicable
SHIZUOKA BANK, LTD., THE FBSEA The Shizuoka Bank, Ltd., Shizuoka, Japan, to establish a branch office at 600 Lexington Avenue, New York, New York, pursuant to section 7(d) of the International Banking Act.
Newspaper: Not available
Federal Register: Not applicable
STATE BANCORP NORTHWEST * 3A1 State Bancorp Northwest to become a bank holding company by acquiring 100 percent of State Bank Northwest, both of Spokane Valley, Washington.
Newspaper: Not available
Federal Register: 12/20/2007
WELLS FARGO & COMPANY 4c8 Wells Fargo & Company, through a new subsidiary of WFC Holdings Corporation, both of San Francisco, California, request for approval to purchase and sell electricity in the spot market and take and make delivery of electricity to settle commodity derivatives.
Newspaper: Not applicable
Federal Register: Not available


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 First Quarter of 2008 (January 1, 2008 - March 31, 2008)

Institution Location
BANK OF THE ORIENT SAN FRANCISCO, CALIFORNIA
COMMUNITY BANKS NORTHERN CA TRACY, CALIFORNIA
PACIFIC PREMIER BK COSTA MESA, CALIFORNIA

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