Notices Federal Register Vol
Total Page:16
File Type:pdf, Size:1020Kb
53774 Notices Federal Register Vol. 62, No. 200 Thursday, October 16, 1997 This section of the FEDERAL REGISTER Division, Federal Housing Finance regulation includes standards and contains documents other than rules or Board, 1777 F Street, NW., Washington, criteria for the two statutory factorsÐ proposed rules that are applicable to the DC 20006; or by electronic mail: CRA performance and record of lending public. Notices of hearings and investigations, [email protected]. to first-time homebuyers. Id. Only committee meetings, agency decisions and members subject to the CRA must meet rulings, delegations of authority, filing of FOR FURTHER INFORMATION CONTACT: petitions and applications and agency Penny S. Bates, Program Analyst, Office the CRA standard. Id. § 936.3(b). All statements of organization and functions are of Policy, Compliance Assistance members, including those not subject to examples of documents appearing in this Division, at 202/408±2574; at the CRA, must meet the first-time section. following electronic mail address: homebuyer standard. Id. § 936.3(c). [email protected]; or at the Federal Under the rule, the Finance Board Housing Finance Board, 1777 F Street, selects approximately one-eighth of the FEDERAL HOUSING FINANCE BOARD NW., Washington, DC 20006. A members in each FHLBank district for [No. 97±N±7] telecommunications device for deaf community support review each persons (TDD) is available at 202/408± calendar quarter. Id. § 936.2(a). The Federal Home Loan Bank Members 2579. Finance Board will not review an institution's community support Selected for Community Support SUPPLEMENTARY INFORMATION: Review performance until it has been a I. Selection for Community Support FHLBank member for at least one year. AGENCY: Federal Housing Finance Review Selection for review is not, nor should Board. Section 10(g)(1) of the Federal Home it be construed as, any indication of ACTION: Notice. Loan Bank Act (Bank Act) requires the either the financial condition or the Finance Board to promulgate community support performance of the SUMMARY: The Federal Housing Finance regulations establishing standards of member. Board (Finance Board) is announcing community investment or service that Each FHLBank member selected for the Federal Home Loan Bank (FHLBank) FHLBank members must meet in order review must complete a Community members it has selected for the 1996±97 to maintain access to long-term Support Statement and submit it to the seventh quarter review cycle under the advances. See 12 U.S.C. 1430(g)(1).The Finance Board by the December 1, 1997 Finance Board's community support regulations promulgated by the Finance deadline prescribed in this notice. Id. requirement regulation. This notice also Board must take into account factors § 936.2(b)(1)(ii), (c). On or before prescribes the deadline by which such as the FHLBank member's October 31, 1997, each FHLBank will FHLBank members selected for review performance under the Community notify the members in its district that must submit Community Support Reinvestment Act of 1977 (CRA), 12 have been selected for the 1996±97 Statements to the Finance Board. U.S.C. 2901 et seq., and record of seventh quarter community support DATES: FHLBank members selected for lending to first-time homebuyers. See 12 review cycle that they must complete the 1996±97 seventh quarter review U.S.C. 1430(g)(2). Pursuant to the and submit to the Finance Board by the cycle under the Finance Board's requirements of section 10(g) of the deadline a Community Support community support requirement Bank Act, the Finance Board amended Statement. Id. § 936.2(b)(2)(i). The regulation must submit completed its community support requirement member's FHLBank will provide a blank Community Support Statements to the regulation effective June 30, 1997. See Community Support Statement Form, Finance Board on or before December 1, 62 FR 28983 (May 29, 1997), codified at which also is available on the Finance 1997. 12 CFR part 936. Board's web site: WWW.FHFB.GOV. ADDRESSES: FHLBank members selected As amended, the community support Upon request, the member's FHLBank for the 1996±97 seventh quarter review requirement regulation establishes also will provide assistance in cycle under the Finance Board's standards a FHLBank member must completing the Community Support community support requirement meet in order to maintain access to long- Statement. regulation must submit completed term advances, and review criteria the The Finance Board has selected the Community Support Statements to the Finance Board must apply in evaluating following members for the 1996±97 Finance Board either by regular mail: a member's community support seventh quarter community support Office of Policy, Compliance Assistance performance. See 12 CFR 936.3. The review cycle: Federal Home Loan Bank of BostonÐDistrict 1 Bank of Boston, Connecticut ................................................................................................. Hartford ......................................................... CT American Savings Bank ........................................................................................................ New Britain .................................................... CT Putnam Savings Bank ........................................................................................................... Putnam .......................................................... CT Belmont Savings Bank .......................................................................................................... Belmont ......................................................... MA BayBank ................................................................................................................................ Burlington ...................................................... MA Lenox National Bank ............................................................................................................. Lenox ............................................................ MA Butler BankÐA Cooperative Bank ........................................................................................ Lowell ............................................................ MA Enterprise Bank and Trust Company .................................................................................... Lowell ............................................................ MA Northmark Bank .................................................................................................................... North Andover ............................................... MA South Weymouth Savings Bank ........................................................................................... South Weymouth .......................................... MA RTN Federal Credit Union .................................................................................................... Waltham ........................................................ MA Federal Register / Vol. 62, No. 200 / Thursday, October 16, 1997 / Notices 53775 Westborough Savings Bank .................................................................................................. Westborough ................................................. MA Commerce Bank and Trust Company .................................................................................. Worcester ...................................................... MA Merrill Merchants Bank ......................................................................................................... Bangor ........................................................... ME Union Trust Company ........................................................................................................... Ellsworth ........................................................ ME Fraser Employees Federal Credit Union .............................................................................. Medawaska ................................................... ME Norway Savings Bank ........................................................................................................... Norway .......................................................... ME University Credit Union ......................................................................................................... Orono ............................................................ ME Oxford Federal Credit Union ................................................................................................. Oxford ........................................................... ME Infinity Federal Credit Union ................................................................................................. Portland ......................................................... ME Maine Bank and Trust Company .......................................................................................... Portland ......................................................... ME Bank of New Hampshire ....................................................................................................... Manchester ................................................... NH Seabord Federal Credit Union .............................................................................................. Pawtucket ...................................................... RI New England IBM Employees C.U ....................................................................................... Williston ........................................................