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 November 3, 2007

Filer Filing Type Filing Proposal End of Comment Period
BANCO ESPIRITO SANTO DE INVESTIMENTO, S.A. FBSEA Banco Espirito Santo de Investimento, S.A., Lisbon, Portugal, to establish a branch in New York, New York, pursuant to Section 7(d) of the International Banking Act.
Newspaper: Not available
Federal Register: Not applicable
JPMORGAN CHASE & CO. Investment JP Morgan Chase & Co., New York, New York, provided 30 days' prior notice to the Board, pursuant to Section 211.9(f) of Regulation K, of its intention to make additional investments in its subsidiary, JPMorgan Securities Japan Co., Tokyo, Japan.
Newspaper: Not applicable
Federal Register: Not applicable
MANUFACTURERS AND TRADERS TRUST COMPANY * Branch Manufacturers and Traders Trust Company, Buffalo, New York, requests approval to open and occupy a limited-service branch to be located at 80 West, Plaza II Township of Saddle Brook, Bergen County, New Jersey.
Newspaper: 11/09/2007
Federal Register: Not applicable
OVERSEA-CHINESE BANKING CORPORATION LIMITED FBSEA Oversea-Chinese Banking Corporation Limited, Singapore, request to convert its Los Angeles Agency to a branch, pursuant to Section 211.24(a)(1)(i)(A) of Regulation K.
Newspaper: 11/25/2007
Federal Register: Not applicable
STANDARD CHARTERED BANK Other Foreign Standard Chartered Holdings Limited, and Standard Chartered Bank, all of London, England, requesting the approval of the Board of Governors of the Federal Reserve System, to acquire all of the outstanding shares of common stock of American Express Bank Ltd., a Connecticut corporation headquartered in New York, New York, and thereby indirectly acquire all of the outstanding shares of common stock of American Express Bank International, an Edge corporation headquartered in Miami, Florida.
Newspaper: Not applicable
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