8070-01P FEDERAL HOUSING FINANCE AGENCY [No. 2013-N-01]

This document is scheduled to be published in the Federal Register on 02/05/2013 and available online at http://federalregister.gov/a/2013-02417, and on FDsys.gov Billing Code: 8070-01P FEDERAL HOUSING FINANCE AGENCY [No. 2013-N-01] Federal Home Loan Bank Members Selected for Community Support Review AGENCY: Federal Housing Finance Agency. ACTION: Notice. SUMMARY: The Federal Housing Finance Agency (FHFA) is announcing the Federal Home Loan Bank (Bank) members it has selected for the 2010 eighth round review cycle under the FHFA’s community support requirements regulation. This notice also prescribes the deadline by which Bank members selected for review must submit Community Support Statements to FHFA. DATES: Bank members selected for the review cycle under the FHFA’s community support requirements regulation must submit completed Community Support Statements to FHFA on or before [INSERT DATE 45 DAYS AFTER PUBLICATION IN THE FEDERAL REGISTER]. ADDRESSES: Bank members selected for the 2010 eighth round review cycle under the FHFA’s community support requirements regulation must submit completed Community Support Statements to FHFA either by hard-copy mail at the Federal Housing Finance Agency, Ninth Floor, Housing Mission and Goals (DHMG), 400 Seventh Street, SW, Washington, DC 20024, or by electronic mail at [email protected]. FOR FURTHER INFORMATION CONTACT: Rona Richardson, Administrative Office Manager, Housing Mission and Goals (DHMG), Federal Housing Finance Agency, by telephone at 202-649-3224, by electronic mail at [email protected], or by hard-copy mail at the Federal Housing Finance Agency, Ninth Floor, 400 Seventh Street, SW, Washington, DC 20024. SUPPLEMENTARY INFORMATION: I. Selection for Community Support Review Section 10(g)(1) of the Federal Home Loan Bank Act (Bank Act) requires FHFA to promulgate regulations establishing standards of community investment or service Bank members must meet in order to maintain access to long-term advances. See 12 U.S.C. 1430(g)(1). The regulations promulgated by FHFA must take into account factors such as the Bank member's performance under the Community Reinvestment Act of 1977 (CRA), 12 U.S.C. 2901 et seq., and record of lending to first-time homebuyers. See 12 U.S.C. 1430(g)(2). Pursuant to section 10(g) of the Bank Act, FHFA has promulgated a community support requirements regulation that establishes standards a Bank member must meet in order to maintain access to long-term advances, and review criteria FHFA must apply in evaluating a member's community support performance. See 12 CFR part 1290. The regulation includes standards and criteria for the two statutory factors -- CRA performance and record of lending to first-time homebuyers. 12 CFR 1290.3. Only members subject to the CRA must meet the CRA standard. 12 CFR 1290.3(b). All members, including those not subject to CRA, must meet the first-time homebuyer 2 standard. 12 CFR 1290.3(c). Under the rule, FHFA selects approximately one-eighth of the members in each Bank district for community support review each calendar quarter. 12 CFR 1290.2(a). FHFA will not review an institution's community support performance until it has been a Bank member for at least one year. Selection for review is not, nor should it be construed as, any indication of either the financial condition or the community support performance of the member. Each Bank member selected for review must complete a Community Support Statement and submit it to FHFA by the [INSERT DATE 45 DAYS AFTER PUBLICATION IN THE FEDERAL REGISTER] deadline prescribed in this notice. 12 CFR 1290.2(b)(1)(ii) and (c). On or before [INSERT DATE 14 DAYS AFTER PUBLICATION IN THE FEDERAL REGISTER], each Bank will notify the members in its district that have been selected for the 2010 eighth round community support review cycle that they must complete and submit to FHFA by the deadline a Community Support Statement. 12 CFR 1290.2(b)(2)(i). The member's Bank will provide a blank Community Support Statement Form (OMB No. 2590-0005), which also is available on the FHFA’s web site: http://www.fhfa.gov/webfiles/2924/FHFAForm060.pdf. Upon request, the member's Bank also will provide assistance in completing the Community Support Statement. FHFA has selected the following members for the 2010 eighth round community support review cycle: Federal Home Loan Bank of Boston—District 1 Western Connecticut Federal Credit Union Bethel Connecticut First Bristol Federal Credit Union Bristol Connecticut 3 Savings Bank of Danbury Danbury Connecticut American Eagle Federal Credit Union East Hartford Connecticut Waterbury Connecticut Teachers Federal Credit Middlebury Connecticut Union Seasons Federal Credit Union Middletown Connecticut Darien Rowayton Bank Rowayton Connecticut Mutual Security Credit Union Shelton Connecticut Stafford Savings Bank Stafford Springs Connecticut Stamford Federal Credit Union Stamford Connecticut Sikorsky Financial Credit Union Stratford Connecticut Torrington Savings Bank Torrington Connecticut Webster Bank, N. A. Waterbury Connecticut Maine State Credit Union Augusta Maine Biddeford Savings Bank Biddeford Maine Atlantic Regional Federal Credit Union Brunswick Maine Rainbow Federal Credit Union Lewiston Maine Central Maine Federal Credit Union Lewiston Maine TruChoice Federal Credit Union Portland Maine Evergreen Credit Union Portland Maine The Provident Bank Amesbury Massachusetts Brookline Municipal Credit Union Brookline Massachusetts Harvard University Employees Credit Union Cambridge Massachusetts Metropolitan Credit Union Chelsea Massachusetts Pilgrim Bank Cohasset Massachusetts Delta-Wye Federal Credit Union Dorchester Massachusetts First Priority Credit Union East Boston Massachusetts Everett Co-Operative Bank Everett Massachusetts St. Anne's Credit Union of Fall River Fall River Massachusetts I-C Federal Credit Union Fitchburg Massachusetts Holyoke Credit Union Holyoke Massachusetts Bank of Cape Cod Hyannis Massachusetts St. Mary's Credit Union Marlborough Massachusetts Members Plus Credit Union Medford Massachusetts Charles River Bank Medway Massachusetts Merrimac Savings Bank Merrimac Massachusetts Methuen Co-Operative Bank Methuen Massachusetts Millbury National Bank Millbury Massachusetts Greylock Federal Credit Union Pittsfield Massachusetts Central One Federal Credit Union Shrewsbury Massachusetts Mass Bay Credit Union South Boston Massachusetts Freedom Credit Union Springfield Massachusetts Greater Springfield Credit Union Springfield Massachusetts 4 Wakefield Co-Operative Bank Wakefield Massachusetts Webster Five Cents Savings Bank Webster Massachusetts Patriot Community Bank Woburn Massachusetts Ledyard National Bank Hanover New Hampshire Northeast Credit Union Portsmouth New Hampshire Optima Bank & Trust Company Portsmouth New Hampshire Woodsville Guaranty Savings Bank Woodsville New Hampshire Dexter Credit Union Central Falls Rhode Island People's Credit Union Middletown Rhode Island Coastway Community Bank Providence Rhode Island River Valley Credit Union Brattleboro Vermont Vermont State Employees Credit Union Montpelier Vermont First National Bank of Orwell Orwell Vermont Peoples Trust Company of St. Albans St. Albans Vermont Wells River Savings Bank Wells River Vermont Opportunities Credit Union Winooski Vermont Federal Home Loan Bank of New York—District 2 Aspire Federal Credit Union Clark New Jersey 1st Colonial National Bank Collingswood New Jersey First State Bank Cranford New Jersey North Jersey Community Bank Englewood New Jersey Credit Union of New Jersey Ewing New Jersey Bank of New Jersey Fort Lee New Jersey Indus American Bank Iselin New Jersey First Choice Bank Lawrenceville New Jersey Sun National Bank Medford New Jersey BankAsiana Palisades Park New Jersey Valley National Bank Passaic New Jersey The Bank of Princeton Princeton New Jersey Saddle River Valley Bank Saddle River New Jersey Hilltop Community Bank Summit New Jersey Shore Community Bank Toms River New Jersey Paragon Federal Credit Union Township Of New Jersey Walls Highlands State Bank Vernon New Jersey Capital Bank of New Jersey Vineland New Jersey Alma Bank Astoria New York Ballston Spa National Bank Ballston Spa New York Esquire Bank Brooklyn New York The Dime Savings Bank of Williamsburg Brooklyn New York Patriot Federal Bank Canajoharie New York 5 Teachers Federal Credit Union Farmingville New York NewBank Flushing New York United International Bank Flushing New York Community National Bank Great Neck New York Empire National Bank Islandia New York Gold Coast Bank Islandia New York Madison National Bank Merrick New York Global Bank New York New York Self Reliance New York Federal Credit Union New York New York Empire State Bank Newburgh New York Flushing Commercial Bank North Hyde Park New York The Stissing National Bank of Pine Plains Pine Plains New York Advantage Federal Credit Union Rochester New York Genesee Regional Bank Rochester New York First National Bank of Scotia Scotia New York National Bank of Delaware County Walton New York Merchants Commercial Bank St. Thomas Virgin Islands Federal Home Loan Bank of Pittsburgh—District 3 Chase Bank USA, National Association Newark Delaware MidCoast Community Bank Wilmington Delaware Community National Bank of Northwestern Albion Pennsylvania Pennsylvania Hometown Bank of Pennsylvania Bedford Pennsylvania First Keystone Community Bank Berwick Pennsylvania Team Capital Bank Bethlehem Pennsylvania Metro Bank Camp Hill Pennsylvania Clarion Federal Credit Union Clarion Pennsylvania FNB Bank, National

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