To All Depository Institutions and Others Concerned in the Second Federal Reserve District:
In a press release, the Federal Reserve Board announced the availability of an online guide for U.S. and foreign banking organizations submitting applications to the Federal Reserve. The new Application Filing Information web page is located on the Board's public web site at www.federalreserve.gov/generalinfo/applications/afi/.
The new web page provides general guidance with respect to regulatory requirements and processing procedures for applications, notifications and requests necessary for a broad range of activities, including mergers of banking organizations.
The page describes specific types of applications as well as the statutory factors considered by the Federal Reserve in evaluating applications, including the banking organization's record of compliance with the Community Reinvestment Act. It provides links to application forms and lists contacts at each Reserve Bank for questions regarding the submission of applications or the submission of public comments on applications
Questions on this matter may be directed at this Bank to Jay B. Bernstein, Bank Supervision Officer, Bank Applications and Analysis.