Pursuant to § 228.21, the Neighborhood Development Financing Examination evaluates the lender's document of helping to fulfill the credit score requires of its total Group through Group improvement loans and Neighborhood growth investments (
(three) A little business enterprise loan or tiny farm loan is located within the census tract exactly where the primary business facility or farm is situated or where the borrower will otherwise apply the loan proceeds, as indicated from the borrower.
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A big lender that had property larger than $ten billion as of December 31 in both of those of the prior two calendar years ought to obtain and keep annually, in electronic kind, as prescribed because of the Board, right until the completion in the bank's subsequent CRA evaluation wherein the info are evaluated, the greenback quantity of its deposits on the county degree depending on deposit area.
one. Summing, through the years inside the evaluation time period, the lender's annual number of originated and obtained loans in the key item line to specified borrowers from the Retail Lending Exam Location.
(4) Are made available to people in a place of work wherever nearly all of workers are minimal- or reasonable-earnings, based upon U.S. Bureau of Labor Data details for the standard wage for workers in that particular profession or industry;
Prior to publishing a draft intend website to the Board for acceptance pursuant to paragraph (h) of the portion, a financial institution ought to:
usually means a bank that isn't within the business enterprise of extending shut-close household mortgage loans, compact enterprise loans, modest farm loans, or car loans evaluated beneath § 228.
The Minimal Intent Lender Group Development Financing Metric actions the greenback volume of a financial institution's community growth loans and Neighborhood growth investments that reward or provide all or Portion of the nationwide location when compared to the financial institution's property calculated pursuant to paragraph III.a of appendix B to this element.
A lender which has been permitted to become evaluated below a strategic prepare will have to include things like in its public file a replica of that strategy though it truly is in outcome. A financial institution needn't contain information and facts submitted for the Board on a confidential foundation along with the approach.
The Board considers the weighted normal of the performance scores comparable to the lender's Neighborhood Progress Funding Test conclusions for its facility-primarily based evaluation areas inside the Condition, pursuant to portion IV of appendix B to this element.
(A) For every of a lender's facility-based mostly evaluation parts in an MSA, the MSA Nationwide Community Enhancement Financing Benchmark steps the dollar volume of Group growth loans and community enhancement investments that gain or serve MSAs while in the nationwide place for all huge depository establishments when compared with deposits situated in the MSAs inside the nationwide place for all huge depository establishments.
Share of overall amount of farms in very low- and moderate-income census tracts in the relevant Retail Lending Take a look at Spot that happen to be in reasonable-revenue census tracts.
(A) Brings together the general performance scores for every supporting conclusion for each major product line into an item line score; and