In the event the Board receives a community comment before the near day of a lender's CRA assessment, the public comment might be deemed in connection with that CRA assessment.
Jobs to revitalize or stabilize a qualified census tract that come with each commercial and household parts qualify as revitalization or stabilization things to do beneath this paragraph (e)(two), if:
The dollar volume in the restricted purpose bank's Neighborhood growth loans and Local community growth investments that benefit or provide the Point out or multistate MSA and a review of your impression and responsiveness of Those people loans and investments, as delivered in § 228.15.
Each individual supporting summary is assigned a numerical functionality rating working with the next corresponding level values:
(6) A bank's closed-end household house loan lending, small enterprise lending, small farm lending, or automobile lending in distressed or underserved nonmetropolitan Center-profits census tracts where a lender's nonmetropolitan facility-based assessment area or nonmetropolitan retail lending evaluation spot involves very few or no lower- and moderate-money census tracts; and
A financial institution that includes modified or further efficiency analysis elements with accompanying once-a-year measurable aims in its program should specify in its plan yearly measurable objectives that constitute “Satisfactory” overall performance and should specify annual measurable ambitions that constitute “Superb” functionality.
The Board assessments the influence and responsiveness of the bank's Group improvement loans and community enhancement investments that advantage or provide the nationwide spot, as furnished in § 228.fifteen.
(iv) Regardless of whether to solicit supplemental public input or call for the lender to provide any further response to community input by now been given.
In the case of the Retail Lending Test Space which contains no minimal-earnings census tracts and no reasonable-income census tracts, the bank will likely not receive a geographic distribution ordinary for that assessment location.
Loans, investments, and companies that assistance smaller businesses or modest farms in accordance with how compact businesses and tiny farms are outlined during the relevant strategy, system, or initiative, but excluding loans by a financial institution on to modest corporations or modest farms (possibly as described within a government strategy, program, or initiative or in § 228.
). For each Retail Lending Test Place, the Board works by using a ratio on the bank's loan originations and buys in Every key item more info line to its loan originations and buys in all significant products lines in the evaluation period of time, according to The mixture of loan pounds and loan count as outlined in § 228.12, as weights while in the weighted average.
For each main merchandise line, a Borrower Group Benchmark, calculated pursuant to paragraph IV.c of appendix A to this part for facility-primarily based assessment places and retail lending assessment regions, and paragraph IV.e of appendix A to this aspect for outdoor retail lending spots.
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Pursuant to twelve U.S.C. 2906, the Board provides conclusions derived underneath this part individually for metropolitan spots during which a lender maintains a number of domestic branch offices and for that nonmetropolitan area of a Condition if a lender maintains a number of domestic department offices in these kinds of nonmetropolitan space.