The Federal Reserve Bank of San Francisco
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Notice of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control

Week ending 12/30/2000

  • Section I - Applications Subject to Newspaper Notice Only
  • Section II - Applications Subject to Both Newspaper and Federal Register Notice
  • Section III - Applications Subject to Federal Register Only
  • Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice
  • Section V - Availability of CRA Public Evaluations
  • Section VI - CRA Examinations Scheduled

  • Section I - Applications Subject to Newspaper Notice Only


    Type


    Application

    Ending date of
    comment period

    Branch

    The Vintage Bank, Napa, California, to establish a branch office at 1065 Main Street, St. Helena, California.*

    Newspaper – 11/24/2000

    Branch

    Farmers & Merchants Bank, Spokane, Washington, to establish a branch office at 3919 N. Market Street, Spokane, Washington.*

    Newspaper – 12/23/2000

    * Subject to the provisions of the Community Reinvestment Act
    Newspaper - Newspaper Comment Period Ending Date



    Section II - Applications Subject to Both Newspaper and Federal Register Notice


    Type


    Application

    Ending date of
    comment period

    3(a)(1)

    Liberty Bancorp, South San Francisco, California, to become a bank holding company by acquiring 100 percent of the outstanding voting shares of Liberty Bank, South San Francisco, California.*

    Newspaper – N/Avail

    Fed Reg – 01/19/2001

    3(a)(1)

    Franklin Resources, Inc., San Mateo, California, to acquire Fiduciary Trust Company International, New York, New York.

    Newspaper – N/Avail

    Fed Reg – N/Avail

    3(a)(5)

    The Charles Schwab Corporation, San Francisco, California and U.S. Trust Corporation, New York, New York, for U.S. Trust Corporation to merge with Resource Companies, Inc. of Minneapolis, Minnesota.*

    Newspaper – 01/25/2001

    Fed Reg - 01/29/2001

    * Subject to the provisions of the Community Reinvestment Act
    Fed Reg - Federal Register Comment Period Ending Date
    Newspaper - Newspaper Comment Period Ending Date
    N/Avail - Not Available (Not yet available; Not available at this time)

     


    Section III - Applications Subject to Federal Register Only


    Type


    Application

    Ending date of
    comment period

    4(c)(8)

    Franklin Resources, Inc., San Mateo, California, to retain Franklin Templeton Bank & Trust, F.S.B., Salt Lake City, Utah.

    Fed Reg – N/Avail

    Fed Reg - Federal Register Comment Period Ending Date
    N/Avail - Not Available (Not yet available; Not available at this time)

     


    Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice

    Type

    Application

    none

     


    Section V - Publicly Available CRA 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.

    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.


    Section VI - CRA Examinations Scheduled 1st Quarter of 2001

    Institution

    Location

    None.


    *Subject to CRA.