228 loan - An Overview
228 loan - An Overview
Blog Article
The Board testimonials the effect and responsiveness on the lender's Neighborhood advancement loans and community progress investments that advantage or provide the nationwide location, as furnished in § 228.15.
The Board could adjust the score of the intermediate bank evaluated as offered in paragraph (a)(2) of the part from “Satisfactory” to “Excellent” at the institution degree in which the lender requests and gets extra thought for things to do that would qualify pursuant on the Retail Services and Products Check in § 228.23.
means retail financial products and services supplied by a financial institution to buyers, tiny businesses, or modest farms and consist of a lender's methods for offering retail monetary services.
The Board may consider a financial institution's Local community development loans, Group growth investments, and Neighborhood advancement products and services provided outside of its facility-based mostly assessment regions, as presented With this component.
A lender subject matter to information reporting specifications pursuant to § 228.forty two have to consist of in its public file a prepared discover that the CRA Disclosure Assertion pertaining towards the lender, its functions subsidiaries, and its other affiliate marketers, if relevant, may very well be obtained around the FFIEC's Internet site at:
A bank matter to knowledge reporting demands pursuant to § 228.42 should involve in its general public file a published discover the CRA Disclosure Assertion pertaining to the bank, its functions subsidiaries, and its other affiliate marketers, if relevant, may be received to the FFIEC's Web-site at:
The Board weights the financial institution's functionality rating for that efficiency tests relevant to an intermediate lender as follows:
(B) For every of the lender's facility-primarily based evaluation locations inside of a nonmetropolitan location, the Nonmetropolitan Nationwide Local community Advancement Funding Benchmark actions the dollar volume of Group growth loans and Neighborhood growth investments that benefit or serve nonmetropolitan locations during the nationwide place for all big depository institutions when compared to deposits located in nonmetropolitan locations from the nationwide location for all big depository institutions.
To judge a financial institution's retail banking services, the Board considers a lender's department availability and companies supplied at branches, remote company facility availability, and electronic shipping techniques and other delivery systems, as follows:
In the time period of the plan, a lender may perhaps ask for the Board to approve an amendment on the approach while in the absence of a material adjust in circumstances.
To receive a designation being a confined purpose financial institution, a bank have to file a published request with the Board more info not less than ninety times previous to the proposed helpful day with the designation.
A financial institution that's been permitted for being evaluated underneath a strategic system ought to involve in its general public file a duplicate of that plan whilst it's in impact. A bank needn't incorporate data submitted towards the Board on a private basis in conjunction with the plan.
A bank's strategy ought to offer a justification that demonstrates the need for the next elements of a strategy due to lender's enterprise model (
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