Knowledge Base

§__.43(b)(1) Inclusion of Institution Affiliate Lending Data in Public File

§__.43(b)(1) – 1 Q: Must an institution that elects to have affiliate lending considering include data on this lending it its public file? A1. Yes. The lending data to be contained in an institution’s public file covers the lending of the institution’s affiliates, as well as of the institution itself, considered in the assessment of the institution’s…

§__.43(b)(1) Maintenance of CRA Disclosure Statement Electronically for Public File

§__.43(b)(1) – 2 Q: May an institution retain its CRA disclosure statement in electronic format in its public file, rather than printing a hard copy of the CRA disclosure statement for retention in its public file? A2. Yes, if the institution can readily print out its CRA disclosure statement from an electronic medium (e.g., CD, DVD, or…

§__.43(c) Public File Institution Main Office

§__.43(c) – 1 Q: What is an institution’s “main office”? A1. An institution’s main office is the main, home, or principal office as designated in its charter.   Source: Interagency Questions & Answers Regarding Community Reinvestment | July 2016

§__.43(c) Maintenance of Public File Online

§__.43(c) – 2 Q: May an institution maintain a copy of its public file on an intranet or the Internet? A1. Yes, an institution may keep all or part of its public file on an intranet or the Internet, provided that the institution maintains all of the information, either in paper or electronic form, that is required…

§__.44 Placement and Size Requirements for CRA Public Notice

§__.44 – 1 Q: Are there any placement or size requirements for an institution’s public notice? A1. The notice must be placed in the institution’s public lobby, but the size and placement may vary. The notice should be placed in a location and be of a sufficient size that customers can easily see and read it.  …

§__.45 Agency Publication of Planned CRA Examination Schedule

§__.45 – 1 Q: Where will the Agencies publish the planned examination schedule for the upcoming calendar quarter? A1. The Agencies may use the Federal Register, a press release, the Internet, or other existing Agency publications for disseminating the list of the institutions scheduled for CRA examinations during the upcoming calendar quarter. Interested parties should contact the appropriate…

§__.45 Inclusion on Planned CRA Examination Schedule Variances

§__.45 – 2 Q: Is inclusion on the list of institutions that are schedule to undergo CRA examinations in the next calendar quarter determinative of whether an institution will be examined in that quarter? A2. No. The Agencies attempt to determine as accurately as possible which institutions will be examined during the upcoming calendar quarter. However, whether…

APPENDIX A to Part __- 1 Performance Fit to Receive Particular Rating

APPENDIX A to Part ___ – 1 Q: Must an institution’s performance fit each aspect of a particular rating profile in order to receive that rating? A1. No. Exceptionally strong performance in some aspects of a particular rating profile may compensate for weak performance in others. For example, a retail institution other than an intermediate small institution…

APPENDIX B to Part__-1 Agency Information for CRA Public Notice

APPENDIX B to Part ___ – 1 Q: What agency information should be added to the CRA notice form? A1. The following information should be added to the form: OCC-supervised institutions only: For all national banks and Federal savings associations (collectively, banks), in connection with the nationwide list of banks that are scheduled for CRA evaluation in a…

CRA COVID FAQ 1: COVID-19 Designated Disaster Areas

Question 1 Are COVID-19 affected states and jurisdictions considered CRA designated disaster areas? Response 1 The agencies believe that the Coronavirus Disease (COVID-19) national emergency raises unique needs for revitalization and stabilization activities that differ from those typically undertaken in response to natural disasters or other emergencies. The Federal Emergency Management Agency (FEMA) has issued…