Interagency Q&A .12(t) – 1: Does the CRA regulation provide authority for institutions to make investments?

Compliance > Regulation BB - CRA
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
 
 
 

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