12 CFR §345.11 Authority, purposes and scope
§ 345.11 Authority, purposes, and scope. (a) Authority and OMB control number — (1) Authority. The authority for this part is 12 U.S.C. 1814–1817, 1819–1820, 1828, 1831u and 2901–2907, 3103–3104, and 3108(a). (2) OMB control number. The information collection requirements contained in this part were approved by the Office of Management and Budget under the provisions…
12 CFR §345.12 Definitions
§ 345.12 Definitions. For purposes of this part, the following definitions apply: (a) Affiliate means any company that controls, is controlled by, or is under common control with another company. The term control has the meaning given to that term in 12 U.S.C. 1841(a)(2), and a company is under common control with another company if both…
12 CFR §345.21 Performance tests, standards, and ratings, in general
§ 345.21 Performance tests, standards, and ratings, in general. (a) Performance tests and standards. The FDIC assesses the CRA performance of a bank in an examination as follows: (1) Lending, investment, and service tests. The FDIC applies the lending, investment, and service tests, as provided in §§345.22 through 345.24, in evaluating the performance of a bank,…
12 CFR §345.22 Lending test
§ 345.22 Lending test. (a) Scope of test. (1) The lending test evaluates a bank’s record of helping to meet the credit needs of its assessment area(s) through its lending activities by considering a bank’s home mortgage, small business, small farm, and community development lending. If consumer lending constitutes a substantial majority of a bank’s business,…