Oklahoma Bankers Association
OBA News and Information
Linked In Email News

Agencies release revisions on guidance to CRA

The federal bank regulatory agencies with responsibility for Community Reinvestment Act rulemaking recently published final revisions to "Interagency Questions and Answers Regarding Community Reinvestment." The Questions and Answers document provides additional guidance to financial institutions and the public on the agencies' CRA regulations.

The revisions focus primarily on community development. Community development activities are considered as part of the CRA performance tests for large institutions, intermediate small institutions, and wholesale and limited purpose institutions. Small institutions may use community development activity to receive consideration toward an outstanding CRA rating.

For more information on the CRA, including these Questions and Answers and the agencies' CRA regulations, visit the Federal Financial Institutions Examination Council website at http://www.ffiec.gov/cra.

Back to top