Interagency Q&A .12(h) – 7: What is meant by the term “regional area”?

Compliance > Regulation BB - CRA
Q:  § __.12(h) – 7: What is meant by the term “regional area”?
A:  A “regional area” may be an intrastate area or a multistate area that includes the financial institution’s assessment area(s).  Regional areas typically have some geographic, demographic, and/or economic interdependencies and may conform to commonly accepted delineations, such as “the tri-county area” or the “mid-Atlantic states.”  Regions are often defined by the geographic scope and specific purpose of a community development organization or initiative.
This Interagency Q&A, and others, was released in July 2016.  The 2016 Q&As consolidates and supersedes all previously published “Interagency Questions and Answers Regarding Community Reinvestment,” and were noted as being effective immediately.  They may be found here:

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