Interagency Q&A .25(f) – 1: Must a wholesale or limited purpose institution engage in all 3 categories of community development activities (lending, investment, and service) to perform well under the community development test?

Compliance > Regulation BB - CRA
Q:  § __.25(f) – 1: Must a wholesale or limited purpose institution engage in all three categories of community development activities (lending, investment, and service) to perform well under the community development test?
 
A:  No, a wholesale or limited purpose institution may perform well under the community development test by engaging in one or more of these activities.
 
 
 
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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