A confined objective bank's community growth funding functionality in its facility-dependent evaluation parts within the Point out or multistate MSA; and
(six) A map of each facility-based assessment place and, as relevant, Each and every retail lending evaluation space displaying the boundaries of the region and figuring out the census tracts contained in the area, both within the map or in a very separate record; and
signifies retail money products and services supplied by a bank to people, little businesses, or little farms and consist of a lender's units for offering retail financial companies.
(iii) A listing displaying Every single census tract where the lender described a small company loan or a small farm loan;
signifies, notwithstanding the definition of “small small business” On this portion, a loan included in “loans to modest businesses” as documented in Program RC-C of the Call Report.
Pursuant to 12 U.S.C. 2906, the Board offers conclusions derived under this part independently for metropolitan parts where a financial institution maintains one or more domestic department workplaces and to the nonmetropolitan region of the Condition if a lender maintains one or more domestic branch workplaces in these types of nonmetropolitan area.
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means the period, commonly in calendar years, for the duration of which a lender done the actions the Board evaluates in a very CRA assessment, in accordance With all the Board's pointers and techniques.
The Board assigns conclusions for that effectiveness of the lender running underneath a strategic system pursuant to § 228.
To get a designation as a restricted goal financial institution, a financial institution must file a composed request With all the Board at the least ninety days ahead of the proposed efficient day with the designation.
(1) All written feedback acquired from the general public for The present yr (updated over a quarterly foundation for that prior quarter by March 31, June 30, September 30, and December 31) and every in the prior two calendar years that more info precisely relate on the lender's effectiveness in helping to satisfy Local community credit demands, and any reaction towards the feedback by the lender, if neither the remarks nor the responses comprise statements that reflect adversely on The great title or standing of any persons aside from the lender or publication of which might violate particular provisions of legislation;
(B) A sizable financial institution might modify the Retail Products and services and Merchandise Test by eliminating a ingredient from the examination.
usually means a staffed banking facility, regardless of whether shared or unshared, the Board accredited or approved being a branch and that is open to, and accepts deposits from, the general public.