Interagency Q&A .42(a) – 4: Should institutions collect and report data on all agricultural loans of $500,000 or less at origination?

Compliance > Regulation BB - CRA
Q:  § __.42(a) – 4: Should institutions collect and report data on all agricultural loans of $500,000 or less at origination?
 
A:  Institutions are to report those farm loans that they capture in Call Report Schedule RC-C, Part II.  Small farm loans are defined as those whose original amounts are $500,000 or less and were reported as either “Loans to finance agricultural production and other loans to farmers” or “Loans secured by farmland” in Call Report Schedule RC-C, Part I.
 
 
 
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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