Interagency Q&A .26(d) – 2: Will a small institution’s qualified investments, community development loans, and community development services be considered if they do not directly benefit its assessment area(s)?

Compliance > Regulation BB - CRA
Q:  § __.26(d) – 2: Will a small institution’s qualified investments, community development loans, and community development services be considered if they do not directly benefit its assessment area(s)?
 
A:  Yes.  These activities are eligible for consideration if they benefit a broader statewide or regional area that includes a small institution’s assessment area(s), as discussed more fully in Q&As § __.12(h) – 6 and § __.12(h) – 7.
 
 
 
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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