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Here are the key points summarized in English:

Federal Reserve Bank District Summaries

  1. District 11: The Federal Reserve Bank of Chicago has received applications from:
    • Innovative Bancorp to become a bank holding company by acquiring Bank of Oakland.
    • Humboldt Bancorp to acquire convertible preferred shares of Central Pacific Mortgage Company.
  2. District 12: The Federal Reserve Bank of San Francisco has received applications from:
    • Innovative Bancorp to become a bank holding company by acquiring Bank of Oakland.
    • Humboldt Bancorp to acquire convertible preferred shares of Central Pacific Mortgage Company.
    • Greater Bay Bancorp to acquire Matsco Companies, Inc. and engage in nonbanking activities.
  3. Community Reinvestment Act (CRA) Evaluations: The CRA requires depository institutions to help meet the credit needs of their communities. Institutions are evaluated periodically, and their records are taken into account when considering applications for deposit facilities.

Note: The summaries are brief and do not include all the details provided in the original document.

Published: 1997-11-18 · Source: FED

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