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 March 22, 2008

Filer Filing Type Filing Proposal End of Comment Period
BANCO DO BRASIL S.A. 4c8 Banco do Brasil, Brasilia, Brazil, is providing prior notice, pursuant to Section 4(c)(8) of the BHC Act and Section 225.24 of Regulation Y, to engage in nonbanking activities through a newly formed federal savings bank, Banco do Brasil, Federal Savings Bank, New York, New York.
Newspaper: Not applicable
Federal Register: Not available
BANK OF NEW YORK MELLON CORPORATION, THE CIC
* 18C
Bank of New York Mellon Corporation, New York, New York requests permission to merge BNY Mellon Interim Institutional National Bank, Pittsburg, Pennsylvania into The Bank of New York, New York, New York; approval for a change in control of Mellon Overseas Investment Corporation, Greenville, Delaware and an exemption from the requirements under Section 23A of the Federal Reserve Act and Regulation W in connection with an internal corporate reorganization.
Newspaper: Not available
Federal Register: Not available
CHINA CONSTRUCTION BANK CORPORATION FBSEA China Construction Bank Corporation, Beijing, People's Republic of China, to establish a branch in New York, New York, pursuant to Section 211.24(a)(1) of Regulation K.
Newspaper: 04/11/2008
Federal Register: Not applicable
WESTCHESTER HOLDING CORPORATION, THE * 3A1 The Westchester Bank Holding Corporation, Yonkers, New York, to become a bank holding company, through the acquisition of 100 percent of the stock of The Westchester Bank, Yonkers, New York, upon its formation as a New York-chartered commercial bank.
Newspaper: 04/12/2008
Federal Register: 04/11/2008


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

* Subject to the provisions of the Community Reinvestment Act

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