(3) The financial institution might not assert Neighborhood enhancement loans or Group advancement investments accounting for much more than its share share (dependant on the extent of its participation or investment decision) of the overall loans or investments created by the consortium or third party.
The Board considers the loans, investments, services, and items of affiliates of a bank that are not functions subsidiaries, at the bank's choice, matter to the next:
indicates a lender, excluding a lender designated as being a constrained purpose financial institution pursuant to § 228.26, that experienced property of at the least $2 billion as of December 31 in each of your prior two calendar many years. The Board adjusts and publishes the figure On this definition yearly, based upon the year-to-year change in the common of The customer Rate Index for City Wage Earners and Clerical Personnel, not seasonally adjusted, for each twelve-thirty day period time period ending in November, with rounding to the closest million.
The Board considers proof of discriminatory or other unlawful credit rating procedures explained With this area by:
(2) The dispersion of the financial institution's closed-end dwelling house loan lending, tiny company lending, small farm lending, or automobile lending inside of a facility-primarily based assessment spot to ascertain regardless of whether you will discover gaps in lending that are not described by efficiency context;
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The Board evaluates a financial institution's distant services facility availability in a very facility-primarily based assessment space depending on the subsequent:
The loans, investments, products and services, and solutions of a financial institution's operations subsidiary have to be A part of the bank's prepare, Except the operations subsidiary is independently matter to CRA specifications.
(A) A financial institution might specify yearly measurable goals for Neighborhood enhancement loans, Local community advancement investments, or the two. The bank have to foundation any once-a-year measurable aims as a percentage or ratio on the lender's Group improvement loans and community growth investments for all or sure types of community improvement described in § 228.
In assigning Retail Lending Examination conclusions for any Point out pursuant to § 228.22(h), the Board would not take into account a financial institution's things to do for being in the State if those functions take place in the retail lending evaluation area consisting of counties in more than one State.
The Board charges the functionality of an intermediate bank evaluated below this part as supplied in appendix D to this section.
means a loan, such as a legally binding commitment to increase credit, like a standby letter of credit history, that supports Neighborhood development, as described in § 228.13. A community development loan will not include things like any dwelling home finance loan loan viewed as under the Retail Lending Exam in § 228.
The Board opinions the effect and responsiveness in the financial institution's Neighborhood growth loans and website Local community progress investments that gain or provide a multistate MSA, as presented in § 228.15.
The Board evaluates a bank and assigns conclusions and scores beneath this part in any multistate MSA in which the financial institution maintains a primary Office environment, a branch, or a deposit-using distant service facility in two or even more States inside that multistate MSA.