Interagency Q&A .45 – 2: Is inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar quarter determinative of whether an institution will be examined in that quarter?

Compliance > Regulation BB - CRA
Q § __.45 – 2: Is inclusion on the list of institutions that are scheduled to undergo CRA examinations in the next calendar quarter determinative of whether an institution will be examined in that quarter?
 
A:  No.  The Agencies attempt to determine as accurately as possible which institutions will be examined during the upcoming calendar quarter.  However, whether an institution’s name appears on the published list does not conclusively determine whether the institution will be examined during that quarter.  The Agencies may need to defer a planned examination or conduct an unforeseen examination because of scheduling difficulties or other circumstances.
 
 
 
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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