Knowledge Base

§__.26(c)(4) Intermediate Small Institution Responsiveness

§__.26(c)(4) – 1 Q: When evaluating an intermediate small institution’s community development record, what will examiners consider when reviewing the responsiveness of community development lending, qualified investments, and community development services to the community development needs of the area? A1. When evaluating an intermediate small institution’s community development record, examiners will consider not only quantitative measures of…

§__.26(d) Small Institution Achievement of Outstanding Rating

§__.26(d) – 1 Q: How can a small institution that is not an intermediate small institution achieve an “outstanding” performance rating? A1. A small institution that is not an intermediate small institution that meets each of the standards in the lending test for a “satisfactory” rating and exceeds some or all of those standards may warrant an…

§__.26(d) Small Institution Activities Outside Assessment Areas

§__.26(d) – 2 Q: Will a small institution’s qualified investments, community development loans, and community development services be considered if they do not directly benefit its assessment area(s)? A2. Yes.  These activities are eligible for consideration if they benefit a benefit a broader statewide or regional area that includes a small institution’s assessment area(s), as discussed more…

§__.27(c) Agency Guidance during Strategic Plan Development

§__.27(c) – 1 Q: To what extent will the Agencies provide guidance to an institution during the development of its strategic plan? A1. An institution will have an opportunity to consult with and provide information to the Agencies on a proposed strategic plan. Through this process, an institution is provided guidance on procedures and on the information…

§__.27(c) Evaluation of Joint Strategic Plans

§__.27(c) – 2 Q: How will a joint strategic plan be reviewed if the affiliates have different primary Federal supervisors? A2. The Agencies will coordinate review of and action on the joint plan. Each Agency will evaluate the measurable goals for those affiliates for which it is the primary regulator.   Source: Interagency Questions & Answers Regarding Community…

§__.27(f) Strategic Plan Measurable Goals

§__.27(f) – 1 Q: How should annual measurable goals be specified in a strategic plan? A1. Annual measurable goals (e.g., number of loans, dollar amount, geographic location of activity, and benefit to low- and moderate-income areas or individuals) must be stated with sufficient specificity to permit the public and the Agencies to quantify what performance will be expected….

§__.27(g)(3) Public Notice of Proposed Strategic Plan

§__.27(g)(2) – 1 Q: How will the public receive notice of a proposed strategic plan? A1. An institution submitting a strategic plan for approval by the Agencies is required to solicit public comment on the plan for a period of 30 days after publishing notice of the plan at least once in a newspaper of general circulation. The…

§__.28 Requirements for Innovative Practices to Achieve Certain Ratings

§__.28 – 1 Q: Are innovative lending practices, innovative or complex qualified investments, and innovative community development services required for a “satisfactory” or “outstanding” CRA rating? A1. No. The performance criterion of “innovativeness” applies only under the lending, investment, and service tests applicable to large institutions and the community development test applicable to wholesale and limited purpose…

§__.28(a) Ratings for Domestic Branches in More Than One State

§__.28(a) – 1 Q: How are institutions with domestic branches in more than one state assigned a rating? A1. The evaluation of an institution that maintains domestic branches in more than one state (“multistate institution”) will include a written evaluation and rating of its CRA record of performance as a whole and in each state in which…

§__.28(a) Ratings for Institutions Operating in a Single State

§__.28(a) – 2 Q: How are institutions that operate within only a single state assigned a rating? A2. An institution that operates within only a single state (“single-state institution”) will be assigned a rating of its CRA record based on its performance within that state. In assigning this rating, the Agencies will separately present a single-state institution’s performance…