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 May 23, 2020

Filer Filing Type Filing Proposal End of Comment Period
ADYEN N.V. FBSEA Adyen, N.V., Amsterdam, Netherlands, to establish a branch in San Francisco, California, pursuant to Section 7(d) of the International Banking Act.
Newspaper: Not available
Federal Register: Not applicable
BAKER BOYER BANCORP CIC Notice of Change in Control filed by Megan F. Clubb, Clifford "Kip" W. Kontos, both of Walla Walla, Washington, and Charles H. Eglin, Yakima, Washington, on behalf of a group of shareholders acting in concert under a Limited Shareholders Agreement, to control approximately 43 percent of the outstanding voting shares of Baker Boyer Bancorp and thereby to indirectly control Baker Boyer National Bank, both of Walla Walla, Washington.
Newspaper: 06/12/2020
Federal Register: Not available
SILICON VALLEY BANK PWI Silicon Valley Bank, Santa Clara, California, requests prior approval to make a $24 million public welfare investment in Enterprise Housing Partners CalGreen VII Fund, L.P.
Newspaper: Not applicable
Federal Register: Not applicable
WELLS FARGO & COMPANY Other Foreign Wells Fargo & Company requests approval to extend the period of corporate existence of its Edge Act corporation subsidiary, Wells Fargo International Banking Corporation, Charlotte, North Carolina.
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 Third Quarter of 2020 (July 1, 2020 - September 30, 2020) and Fourth Quarter of 2020 (October 1, 2020 - December 31, 2020)

Institution Location Quarter
EAST WEST BK PASADENA, CALIFORNIAFourth Quarter of 2020
FRIENDLY HILLS BK WHITTIER, CALIFORNIAFourth Quarter of 2020
HERITAGE BK OF CMRC SAN JOSE, CALIFORNIAFourth Quarter of 2020
UNITED SCTY BK FRESNO, CALIFORNIAFourth Quarter of 2020

* 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