Q: § __.42 – 1: When must an institution collect and report data under the CRA regulations?
A: All institutions except small institutions are subject to data collection and reporting requirements. (“Small institution” is defined in the Agencies’ CRA regulations at 12 CFR __.12(u).) Examples describing the data collection requirements of institutions, in particular those that have just surpassed the asset-size threshold of a small institution, may be found on the FFIEC Web site at http://www.ffiec.gov/cra. All institutions that are subject to the data collection and reporting requirements must report the data for a calendar year (CY) by March 1 of the subsequent year. For example, data for CY 2015 would be reported by March 1, 2016.
The Board of Governors of the Federal Reserve System processes the reports for all of the primary regulators. Data may be submitted on diskette, CD-ROM, or via Internet e-mail.
CRA respondents are encouraged to use the free FFIEC Data Entry Software to send their CRA data. “Submission via Web” is the preferred option. CRA respondents may also send a properly encrypted CRA file (using the “Export to Federal Reserve Board via Internet e-mail” option) to CRASUB@FRB.GOV.
Please mail diskette or CD-ROM submissions to:
Federal Reserve Board
Attention: CRA Processing
20th & Constitution Avenue, NW
Washington, DC 20551-0001.
For questions about submitting or resubmitting CRA data, please contact the FFIEC at CRAHELP@FRB.GOV.
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