228 loan - An Overview
The Board evaluates a small lender's record of assisting to meet the credit history desires of its total Neighborhood pursuant to your Tiny Financial institution Lending Exam as offered in paragraph (a)(2) of this area, Unless of course the tiny financial institution opts for being evaluated pursuant towards the Retail Lending Check in § 228.22.The Workplace of your Federal Register publishes files on behalf of Federal agencies but does not have any authority around their programs. We endorse you instantly Make contact with the agency related to the information in question.
If a military financial institution delineates the complete America and its territories as its sole facility-based mostly evaluation place pursuant to § 228.sixteen(d), the Board evaluates the bank exclusively for the institution level depending on its general performance in its sole facility-based evaluation region.
(i) The quantity and share of originations and applications of the big bank's residence mortgage loans by borrower or applicant earnings degree, race, and ethnicity;
signifies, notwithstanding the definition of “modest company” in this section, a loan A part of “loans to little enterprises” as noted in Program RC-C of the decision Report.
(i) A financial institution may possibly integrate functionality evaluation factors and accompanying yearly measurable goals For added geographic regions but may not remove the analysis of its functionality in almost any geographic location that could be included in its general performance evaluation inside the absence of the accredited strategy.
) Rewards or serves a number of geographic parts with reduced amounts of community development financing;
) Added benefits or serves a number of geographic areas with small levels of Local community enhancement funding;
A considerable bank that had property bigger than $10 billion as of December 31 in equally with the prior two calendar several years have to accumulate and retain on a yearly basis, more info in electronic sort, as prescribed because of the Board, right up until the completion of your lender's next CRA assessment during which the data are evaluated, the greenback amount of its deposits at the county level based upon deposit locale.
The Board weights the bank's performance rating for the general performance exams relevant to a big lender as follows:
(B) A financial institution in addition to a big financial institution may perhaps consist of a Neighborhood growth providers ingredient and accompanying annual measurable targets in its strategy.
The skin retail lending area is comprised of element geographic parts. A element geographic spot is any MSA or maybe the nonmetropolitan area of any State, or portion thereof, provided within just the surface retail lending space.
The Board considers The supply of distant company services in the subsequent geographic parts:
(three) The financial institution may well not claim community advancement loans or Neighborhood enhancement investments accounting for greater than its percentage share (based upon the extent of its participation or investment) of the total loans or investments made by the consortium or 3rd party.