The Board evaluates a bank's retail banking merchandise made available in the bank's facility-primarily based assessment places and nationwide, as applicable, with the institution level as follows:
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(one) Any facts with regards to a bank's institutional ability or constraints, including the dimensions and economic ailment with the bank, basic safety and soundness limitations, or almost every other bank-precise aspects that significantly have an affect on the financial institution's power to offer retail lending, retail banking services and retail banking merchandise, Group improvement loans, community growth investments, or Group advancement expert services;
(B) The Board evaluates the tiny lender for that evaluation period of time preceding the lender's up coming CRA assessment pursuant for the Retail Lending Test in § 228.22 and proceeds evaluations below this overall performance exam for subsequent evaluation intervals until finally the lender opts out.
A bank topic to facts reporting requirements pursuant to § 228.42 ought to include in its public file a composed detect which the CRA Disclosure Assertion pertaining into the lender, its functions subsidiaries, and its other affiliate marketers, if relevant, can be attained on the FFIEC's Web site at:
A lender topic to this part may well request the Board ensure that a loan, financial investment, or provider is suitable for Neighborhood development thought by publishing a ask for to, and in a structure prescribed by, the Board.
In advance of submitting a draft intend to the Board for acceptance pursuant to paragraph (h) of the section, a financial institution should:
For a sizable bank needed to report property house loan loan info pursuant to 12 CFR section 1003, the Board will publish over the Board's Web page the data required by paragraph (j)(two) of this portion in regards to the distribution of a giant lender's originations and programs of property home finance loan loans by borrower or applicant cash flow degree, race, and ethnicity in Every of your financial institution's facility-based evaluation locations, and as relevant, its retail lending evaluation regions. This info is posted each year based on knowledge claimed pursuant to twelve CFR portion 1003.
signifies here a loan to one or more individuals for domestic, spouse and children, or other particular expenditures Which is one of the pursuing forms of loans:
For a sizable bank that experienced property higher than $ten billion as of December 31 in equally in the prior two calendar many years, the Lender Nationwide Neighborhood Improvement Investment Metric actions the greenback volume of your bank's Group advancement investments that reward or serve all or part of the nationwide spot, excluding home loan-backed securities, as compared to the deposits while in the lender located in the nationwide location, calculated pursuant to paragraph II.m of appendix B to this aspect.
For any constrained goal financial institution that experienced belongings larger than $10 billion as of December 31 in both equally from the prior two calendar years, the Restricted Reason Financial institution Community Advancement Financial commitment Metric actions the dollar volume in the bank's Group improvement investments that gain or serve all or Portion of the nationwide place, excluding mortgage loan-backed securities, in comparison to the financial institution's assets, calculated pursuant to paragraph III.d of appendix B to this component.
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); the term “uninsured State branch” implies a Condition branch the deposits of which are not insured through the Federal Deposit Insurance plan Company; the expression “minimal department” suggests a Condition branch that accepts only deposits which can be permissible for a company organized under section 25A of the Federal Reserve Act (twelve U.S.C. 611 et seq.
(four) If the financial institution didn't revise the initial draft approach in response to recommendations or fears from public input gained, an explanation for why any recommendation or concern was not resolved within the draft prepare.