| Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control
Week ending 06/19/1999
None
None
| Type |
Application |
Ending date of comment period |
| 4(c)(8) |
Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan, to indirectly acquire
Yasuda Bank and Trust Company (USA), New York, New York.*
|
N/Avail
|
| Type |
Application |
Ending date of comment period |
| Dividend Request |
Bank of Lake County, Lakeport, California, to pay a dividend of
$2 million to its parent, WestAmerica Bancorporation, San Rafael,
California, pursuant to section 208.5 of Regulation H. |
|
| Dividend Request |
Western Security Bank, Scottsdale, Arizona, to pay a dividend of
$2.3 million pursuant to 208.19 of Regulation H. |
|
| Membership |
Placer Savings Bank, Auburn, California, to become a member of
the Federal Reserve upon conversion to a commercial bank charter.
|
|
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.
The federal bank regulators use the following four 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:
None
The above listing has been prepared as a courtesy by the Federal Reserve
Bank of San Francisco, and is not intended to replace formal notices required
by statute or regulation; the Reserve Bank assumes no responsibility for
errors or omissions.
*Subject to CRA.
|
