12 CFR §228.25 Community development test for wholesale or limited purpose banks
§228.25 Community development test for wholesale or limited purpose banks. (a) Scope of test. The Board assesses a wholesale or limited purpose bank’s record of helping to meet the credit needs of its assessment area(s) under the community development test through its community development lending, qualified investments, or community development services. (b) Designation as a wholesale…
12 CFR §228.26 Small bank performance standards
§228.26 Small bank performance standards. (a) Performance criteria—(1) Small banks that are not intermediate small banks. The Board evaluates the record of a small bank that is not, or that was not during the prior calendar year, an intermediate small bank, of helping to meet the credit needs of its assessment area(s) pursuant to the criteria…
12 CFR §228.27 Strategic plan
§228.27 Strategic plan. (a) Alternative election. The Board will assess a bank’s record of helping to meet the credit needs of its assessment area(s) under a strategic plan if: (1) The bank has submitted the plan to the Board as provided for in this section; (2) The Board has approved the plan; (3) The plan is…
12 CFR §228.28 Assigned ratings
§228.28 Assigned ratings. (a) Ratings in general. Subject to paragraphs (b) and (c) of this section, the Board assigns to a bank a rating of “outstanding,” “satisfactory,” “needs to improve,” or “substantial noncompliance” based on the bank’s performance under the lending, investment and service tests, the community development test, the small bank performance standards, or an…
12 CFR §228.29 Effect of CRA performance on applications
§228.29 Effect of CRA performance on applications. (a) CRA performance. Among other factors, the Board takes into account the record of performance under the CRA of: (1) Each applicant bank for the: (i) Establishment of a domestic branch by a State member bank; and (ii) Merger, consolidation, acquisition of assets, or assumption of liabilities requiring approval…
12 CFR §228.41 Assessment area delineation
§228.41 Assessment area delineation. (a) In general. A bank shall delineate one or more assessment areas within which the Board evaluates the bank’s record of helping to meet the credit needs of its community. The Board does not evaluate the bank’s delineation of its assessment area(s) as a separate performance criterion, but the Board reviews the…
12 CFR §228.42 Data collection, reporting and disclosure
§228.42 Data collection, reporting, and disclosure. (a) Loan information required to be collected and maintained. A bank, except a small bank, shall collect, and maintain in machine readable form (as prescribed by the Board) until the completion of its next CRA examination, the following data for each small business or small farm loan originated or purchased…
12 CFR §228.43 Content and availability of public file
§228.43 Content and availability of public file. (a) Information available to the public. A bank shall maintain a public file that includes the following information: (1) All written comments received from the public for the current year and each of the prior two calendar years that specifically relate to the bank’s performance in helping to meet…
12 CFR §228.44 Public notice by banks
§228.44 Public notice by banks. A bank shall provide in the public lobby of its main office and each of its branches the appropriate public notice set forth in appendix B of this part. Only a branch of a bank having more than one assessment area shall include the bracketed material in the notice for branch…
12 CFR §228.45 Publication of planned examination schedule
§228.45 Publication of planned examination schedule. The Board publishes at least 30 days in advance of the beginning of each calendar quarter a list of banks scheduled for CRA examinations in that quarter.