Events listed in Community Reinvestment Act
Community Reinvestment Act: Revision of Small and Intermediate Small Bank and ...
ID 26559
The Office of the Comptroller of the Currency has issued a new bulletin (OCC Bulletin 2023-40) to announce the yearly adjustment of the asset size thresholds of the categories „small“ and „intermediate small“ institutions for 2024. These categories are used (a) by regulatory authorities to apply different evaluation procedures to assess the performance of institutions under the Community Reinvestment Act and (b) to determine ...
Community Reinvestment Act Regulations Asset-Size Thresholds
ID 26409
As previously announced by the Office of the Comptroller of the Currency (EventID 24582), the Board of Governors of the Federal Reserve System (FED) and the Federal Deposit Insurance Corporation (FDIC) have now published in the Federal Register the yearly adjustment of the asset size thresholds to be classified as „small“ and „intermediate small“ institutions for 2024**. These categories are used (a) by regulatory ...
OCC Issues First and Second Quarter 2024 CRA Evaluation Schedule
ID 26008
The Office of the Comptroller of the Currency (OCC) has published a press statement announcing its Community Reinvestment Act (CRA) examination schedule for first quarter 2024 and second quarter 2024 banks evaluations. The attached file includes the list of affected institutions and the respective evaluation months.
Acting Comptroller of the Currency Testifies on Regulatory Priorities
ID 25825
The Office of the Comptroller of the Currency (OCC) of the U.S. Department of the Treasury has recently outlined its efforts to the U.S. House Financial Services Committee to ensure a safe, sound, and resilient U.S. banking system. In this context, the OCC also summarized its **key priorities for the upcoming year in terms of supervision of in-scope banking entities, monitoring of (emerging) risks, ...
Agencies issue final rule to strengthen and modernize Community Reinvestment Act ...
ID 25477
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FED), and the Federal Deposit Insurance Corporation (FDIC) have announced their final rule to make large scale modifications to rules and regulations under the Community Reinvestment Act (CRA). The final rule comes after a corresponding consultation of the regulators in 2022 (EventID #15781) and the cancellation ...
CA 23-6
ID 25033
The Board of Governors of the Federal Reserve System (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have announced an extension of the Community Reinvestment Act (CRA) consideration period for bank activities aimed at revitalizing or stabilizing Puerto Rico and the U.S. Virgin Islands following Hurricane Maria in 2017. Under the CRA, such activities may ...
National Bank Community Development Investments
ID 24986
The Office of the Comptroller of the Currency (OCC) has published in the Federal Register (FR) a final rule to modify Form CD–1—National Bank Community Development (Part 24) Investments under Statutory Instrument 12 CFR Part 24. The form needs to be used by (foreign) national banks, their subsidiaries, and national savings associations to provide an after-the-fact notice or to seek prior approval for public ...
Agencies release list of distressed or underserved nonmetropolitan middle-income ...
ID 23835
The Board of Governors of the Federal Reserve System (FED) has issued a press statement to announce the publication of the new 2023 list of „distressed or underserved nonmetropolitan middle-income geographies“. This list is primarily based on the assessment of local unemployment rates and the economic outlook (besides geographical criteria). The list is relevant for all banks providing lending services as investments in these ...
OCC Issues Third and Fourth Quarter 2023 CRA Evaluation Schedule
ID 23464
The Office of the Comptroller of the Currency (OCC) has published a press statement announcing its Community Reinvestment Act (CRA) examination schedule for third quarter 2023 and fourth quarter 2023 banks evaluations. The attached file includes the list of institutions and the respective evaluation months.
OCC Issues Second and Third Quarter 2023 CRA Evaluation Schedule
ID 22063
The Office of the Comptroller of the Currency (OCC) has published a press statement announcing its Community Reinvestment Act (CRA) examination schedule for second quarter 2023 and third quarter 2023 banks evaluations. The attached file includes the list of institutions and the respective evaluation months.