(1) Details indicating that a bank procured shut-finish house home finance loan loans, smaller business enterprise loans, smaller farm loans, or auto loans for the sole or primary intent of inappropriately enhancing its retail lending efficiency, like, but not limited to, info indicating subsequent resale of these loans or any indication that these types of loans happen to be regarded in many depository institutions' CRA evaluations, during which scenario the Board won't take into account such loans while in the financial institution's general performance evaluation;
(6) A map of each and every facility-based mostly assessment location and, as applicable, each retail lending assessment area exhibiting the boundaries of the world and identifying the census tracts contained in the region, both over the map or within a separate list; and
means the functionality of volunteer solutions by a lender's or its affiliate's board members or staff members, performed on behalf with the lender, in which Those people products and services:
(A) Publishing the First draft program for publication about the Board's Site and by publishing the initial draft approach to the lender's Web-site, In the event the bank maintains one; and
The Board considers the usage of the bank's deposit solutions responsive to the demands of reduced- and moderate-revenue people, family members, or homes based upon the subsequent information and facts:
In looking at CRA performance within an application described in paragraph (a) of this part, the Board requires under consideration any views expressed by fascinated events that are submitted in accordance With all the Board's Procedures of Technique established forth in 12 CFR component 262.
usually means a financial institution, excluding a lender specified being a limited function financial institution pursuant to § 228.26, that experienced property of less than $600 million as of December 31 in possibly of your prior two calendar years. The Board adjusts and publishes the dollar determine With this definition per year determined by the yr-to-year modify in the typical of The buyer Rate Index for City Wage Earners and Clerical Staff, not seasonally adjusted, for each 12-thirty day period time period ending in November, with rounding to the closest million.
(1) Revitalization or stabilization, important more info Group services, crucial Group infrastructure, and disaster preparedness and temperature resiliency activities in Native Land Locations are things to do especially targeted to and carried out in Indigenous Land Places.
A big bank that experienced property higher than $10 billion as of December 31 in equally from the prior two calendar several years must collect and manage per year, in Digital type, as prescribed by the Board, right until the completion in the bank's next CRA examination through which the data are evaluated, the dollar volume of its deposits for the county amount based on deposit place.
usually means a closed-close home mortgage loan or an open-stop property house loan loan as these phrases are outlined In this particular area.
The Board evaluates a lender's distant services facility availability in the facility-dependent assessment spot based upon the subsequent:
(B) For big banking companies that experienced property a lot less than or equal to $ten billion as of December 31 in possibly from the prior two calendar decades, the Board considers a lender's deposit products and solutions only on the lender's option.
); the expression “uninsured Point out department” indicates a State branch the deposits of which are not insured with the Federal Deposit Insurance policies Company; the expression “minimal department” usually means a Condition branch that accepts only deposits that happen to be permissible for an organization arranged beneath segment 25A in the Federal Reserve Act (12 U.S.C. 611 et seq.
When assigning ratings, the Board considers a lender's previous efficiency. If a bank's prior ranking was “Needs to further improve,” the Board could ascertain that a “Substantial Noncompliance” ranking is suitable in which the financial institution unsuccessful to boost its functionality since the past analysis time period, without satisfactory basis for these types of failure.