5 Simple Statements About 228 loan Explained

The Point out Local community Growth Financing Benchmark actions the greenback quantity of Local community enhancement loans and Neighborhood enhancement investments that benefit or serve all or Component of a Condition for all substantial depository establishments when compared to deposits located in the Condition for all significant depository establishments, calculated pursuant to paragraph II.e of appendix B to this element.

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A bank subject to information reporting specifications pursuant to § 228.forty two will have to contain in its community file a published notice the CRA Disclosure Statement pertaining to the lender, its operations subsidiaries, and its other affiliate marketers, if applicable, might be acquired on the FFIEC's Web page at:

In considering CRA general performance within an application described in paragraph (a) of this part, the Board takes into account any views expressed by interested functions which might be submitted in accordance Using the Board's Procedures of Procedure set forth in 12 CFR component 262.

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The loans, investments, check here companies, and merchandise of the lender's operations subsidiary has to be included in the bank's plan, Except if the operations subsidiary is independently subject to CRA prerequisites.

(e) Data on Local community advancement loans and Neighborhood improvement investments by a consortium or a 3rd party.

The bank allocates the deposits for which a deposit place is just not available to the nationwide location. Annual deposits have to be calculated dependant on ordinary each day balances as presented in statements including regular monthly or quarterly statements. Some other bank that opts to collect and maintain the information During this paragraph (a)(seven) need to accomplish that in the exact same type and for a similar length as explained On this paragraph (a)(seven).

The Board evaluates an intermediate bank's record of assisting to fulfill the credit requirements of its whole Neighborhood pursuant for the Retail Lending Exam in § 228.

Other than as normally furnished During this portion, a lender must make sure that its public file consists of the data demanded by this segment for each from the prior a few calendar decades, with The newest calendar 12 months included in its file each year by April 1 of the present calendar 12 months.

Upon ask for, a financial institution need to supply copies, either on paper or in digital variety suitable to the person making the ask for, of the information in its public file. The financial institution may well cost an inexpensive price not to exceed the expense of copying and mailing (Otherwise provided in electronic form).

) The range of retail banking providers and retail banking solutions offered via electronic shipping programs as well as other shipping and delivery techniques; and

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