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Pursuant to 12 U.S.C. 2906, the Board provides conclusions derived beneath this portion independently for metropolitan spots during which a financial institution maintains one or more domestic department places of work and for the nonmetropolitan space of the Point out if a bank maintains a number of domestic branch offices in this sort of nonmetropolitan place.
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If a financial institution opts to get evaluated pursuant into the Retail Lending Test, the Board assigns conclusions for your bank's Retail Lending Examination effectiveness as delivered in appendix C to this part. In assigning conclusions for a little lender, the Board may think about functionality context data as furnished in 228 loan § 228.21(d).
(two) If your participants or buyers choose to allocate community improvement loans or Neighborhood advancement investments amongst themselves for consideration under this portion, no participant or Trader may possibly declare a loan origination, loan obtain, or expenditure for Neighborhood advancement consideration if another participant or Trader claims exactly the same loan origination, loan purchase, or financial investment; and
The loans, investments, providers, and products of a financial institution's functions subsidiary should be included in the lender's system, Except the operations subsidiary is independently matter to CRA necessities.
(A) A bank may well specify annual measurable plans for Neighborhood improvement loans, Local community advancement investments, or both. The financial institution must base any once-a-year measurable targets to be a percentage or ratio of your bank's Local community enhancement loans and Local community development investments for all or specified kinds of community development described in § 228.
usually means a financial institution that is not from the enterprise of extending shut-stop home home finance loan loans, tiny business enterprise loans, modest farm loans, or automobile loans evaluated beneath § 228.
) A lender may well use alternate weights for combining the borrower and geographic distribution analyses for important product line(s) or other loan products.
If an intermediate financial institution opts to become evaluated pursuant for the Neighborhood Advancement Financing Test in § 228.24, the Board evaluates the intermediate lender for that evaluation period previous the financial institution's up coming CRA examination pursuant to the Group Growth Financing Test in § 228.24 and proceeds evaluations pursuant to this effectiveness examination for subsequent analysis intervals till the financial institution opts out.
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For every key product line, the Board develops a independent supporting summary for every category of census tracts and each classification of borrowers explained in paragraphs V.a and VI.a of appendix A to this component.