Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 3: Federal Reserve Bank of Philadelphia PDF
Filings received during the week ending July 1, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| CAMBRAY MUTUAL HOLDING COMPANY | * Second Step Conversion | Cambray Mutual Holding Company, Gouverneur, New York; to convert from mutual to stock form. As part of the conversion, Cambray Mutual Holding Company and Gouverneur Bancorp, Inc., Gouverneur, New York, an existing mid-tier savings and loan holding company, will cease to exist and Gouverneur Savings and Loan Association, Gouverneur, New York, will become a wholly owned subsidiary of Gouverneur Bancorp, Inc., Gouverneur, New York, a newly formed Maryland corporation, which has applied to become a savings and loan holding company, pursuant to section 10(e) of HOLA, by acquiring Gouverneur Savings and Loan Association. | Not available | Not available |
* Subject to the provisions of the Community Reinvestment Act
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 | Quarter |
|---|---|---|
| NONE | ||