District 2: Federal Reserve Bank of New York PDF

Filings received during the week ending September 30, 2023

FilerFiling TypeFiling ProposalEnd of Comment Period
NewspaperFederal Register
ADIRONDACK TRUST COMPANY, THEPremisesThe Adirondack Trust Company, Saratoga Springs, New York, under Section 24A of the Federal Reserve Act and Section 208.21 of Regulation H, to increase its investment in bank premises.Not applicableNot applicable
MANUFACTURERS AND TRADERS TRUST COMPANYPublic Welfare InvestmentManufacturers and Traders Trust Company, Buffalo, New York, to make a public welfare investment, pursuant to Section 208.22(d) of the Board's Regulation H. Not applicableNot applicable
OakNorth Bank plcRep OfficeOakNorth Bank plc, London, United Kingdom, to establish a representative office in New York, New York, pursuant to Section pursuant to Section 10(a) of the International Banking Act.Not availableNot applicable

* 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 / LocationRSSD IDExam DateCRA Public DateCRA RatingExam Method
ADIRONDACK TC, SARATOGA SPRINGS, NEW YORK64531709/28/202312/05/2022SInt Small Bank
CRA Examinations scheduled for    Quarter of
InstitutionLocationQuarter
NONE
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Last Update: October 05, 2023