228 loan - An Overview
228 loan - An Overview
Blog Article
The Board or its appointed agent, prepares every year, for each MSA or metropolitan division (including an MSA or metropolitan division that crosses a Condition boundary) and also the nonmetropolitan percentage of each Point out, an combination disclosure assertion of claimed compact business enterprise lending, compact farm lending, Group improvement lending, and community improvement investments by all depository institutions subject to reporting underneath this section or twelve CFR part twenty five or 345.
Only a financial institution that is certainly an affiliate of a Keeping company need to incorporate the following to the last sentence of your notices. A lender must include the final sentence on the notices only whether it is an affiliate of the holding business that's not prevented by statute from getting more depository institutions.
(ii) If a large financial institution is no more required to delineate a retail lending evaluation location Formerly identified from the prepare due to not meeting the necessary retail lending evaluation place thresholds pursuant to § 228.
The inclusion of an affiliate's loans, investments, products and services, and merchandise in a very financial institution's plan, or inside of a joint system of affiliated depository institutions, is matter to the following:
(4) Are available to people today at a place of work where by many workforce are lower- or moderate-earnings, depending on U.S. Bureau of Labor Data details for the average wage for personnel in that exact profession or market;
The Board may alter a little lender score from “Satisfactory” to “Outstanding” with the establishment level exactly where the bank requests and gets extra consideration for the subsequent routines, without the need of regard to whether or not the activity is in one or more on the lender's facility-dependent evaluation regions, as applicable:
The Nationwide Asset-Dependent Group Improvement Financing Benchmark steps the greenback volume of Local community progress loans and Neighborhood growth investments that reward or serve all or Element of the nationwide space of all depository establishments that noted pursuant to § 228.
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The Board seeks to act upon a draft strategy inside ninety calendar times after the Board receives the whole draft plan and various elements demanded pursuant to paragraph (f) of the segment.
The Board weights the bank's performance score with the effectiveness exams applicable to a large financial institution as follows:
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A big bank should accumulate and manage in Digital kind, as prescribed because of the Board, until completion from the lender's more info upcoming CRA examination in which the info are evaluated, the next info with regard to retail banking expert services and retail banking merchandise presented and supplied by the bank during Just about every calendar yr:
The Board considers the availability of distant services amenities in the subsequent geographic areas:
A little lender, or a lender which was a small bank in the course of the prior calendar 12 months, need to contain in its public file the bank's loan-to-deposit ratio for every quarter with the prior calendar yr and, at its alternative, more details on its loan-to-deposit ratio.