§__.21(b)(4) – 1
Q: Will examiners consider factors outside of an institution’s control that prevent it from engaging in certain activities?
A1. Yes. Examiners will take into account statutory and supervisory limitations on an institution’s ability to engage in any lending, investment, and service activities. For example, a savings association that has made few or no qualified investments due to its limited investment authority may still receive a low satisfactory rating under the investment test if it has a strong lending record.
Source: Interagency Questions & Answers Regarding Community Reinvestment | July 2016