Q: § __.12(t) – 1: Does the CRA regulation provide authority for institutions to make investments?
A: No. The CRA regulation does not provide authority for institutions to make investments that are not otherwise allowed by Federal law.
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: http://www.ffiec.gov/cra/qnadoc.htm