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Wednesday, April 23, 2014

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Circular Letters

Circular Letter 5601

September 11, 2003

To: All Member Banks and Others Concerned in the Third Federal Reserve District

Attention: Chief Executive Officer and Chief Compliance Officer

Subject: New Web Page for Applications

Summary:

An online guide for U.S. and foreign banking organizations submitting applications to the Federal Reserve has been added to the Board of Governors’ public web site.

The new web page, www.federalreserve.gov/generalinfo/applications/afi/ External Link, describes the regulatory requirements and processing procedures for applications, notifications, and requests necessary for a broad range of activities, including mergers of banking organizations.

The site 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.