Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

District: 2
Federal Reserve Bank of: New York

Filings received during the week ending July 23, 2011

Filer

Filing Type

Filing Proposal

End of Comment Period

BANCO BPI, S.A.

FBSEA

Banco BPI, S.A., Porto, Portugal, to establish representative offices in Newark, New Jersey and Fall River, Massachusetts, pursuant to Section 10(a) of the International Banking Act of 1978, as amended and Section 211.24(a)(1) of Regulation K.

Newspaper:	Not available
Federal Register:	Not applicable

FNBNY BANCORP, INC.

* 3A1
* 3A3

FNBNY Bancorp, Inc. and Modern Capital Holdings LLC ("Modern Capital"), both of New York, New York to acquire 100 percent of the voting shares of Madison National Bancorp, Inc. and Madison National Bank, both of Hauppauge, New York and become bank holding companies under Section 3(a)(1) and Modern Capital to acquire 24.9 percent of the voting shares of The Upstate National Bank, Lisbon, New York, under Section 3(a)(3) of the Bank Holding Company Act and Section 225.15 of Regulation Y.

Newspaper:	08/13/2011
Federal Register:	08/15/2011

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

District: 2 Federal Reserve Bank of: New York

Filings received during the week ending July 23, 2011

Availability of CRA Public Evaluations

CRA Examinations scheduled for Quarter of

District: 2
Federal Reserve Bank of: New York