The Federal Reserve is delaying a vote on Toronto- Dominion Bank's plan to buy a card and consumer loan bank in the New York suburbs until the two submit a detailed three-year community reinvestment plan.

The Fed wants to know "the specific approach" Toronto-Dominion intends to pursue after buying Waterhouse National Bank of White Plains, N.Y., "with time frames for anticipated actions, proposals for monitoring, progress reports, and the like," wrote Glenn E. Loney, associate director for consumer and community affairs.

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