A financial institution could specify choice weights for averaging test functionality across evaluation regions or other geographic locations. These alternative weights have to be based upon the bank's potential and Local community requirements and opportunities in precise geographic spots.
On ask for, a financial institution have to present copies, possibly on paper or in digital variety suitable to the person earning the request, of the information in its public file. The financial institution may possibly cost a reasonable fee not to exceed the expense of copying and mailing (if not offered in electronic variety).
(ii) If a big bank is not required to delineate a retail lending evaluation area Formerly identified in the plan on account of not Assembly the essential retail lending assessment region thresholds pursuant to § 228.
(one) A client loan is located in the census tract where by the borrower resides at time which the borrower submits the loan application;
(i) The general public's involvement in formulating the draft strategy, which include specific facts regarding the members of the general public and companies the financial institution contacted And just how the lender collected information and facts appropriate to the draft program;
The Board might alter a small financial institution score from “Satisfactory” to “Superb” at the establishment amount where the bank requests and receives added thought for the subsequent functions, without having regard to if the action is in a number of of your lender's facility-centered evaluation regions, as relevant:
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A considerable financial institution must obtain and preserve in Digital variety, as prescribed via the Board, until the completion from the lender's future CRA examination through which the information are evaluated, the next info for every little business enterprise loan or little farm loan originated or ordered because of the bank during the analysis interval:
To evaluate a bank's retail banking companies, the Board considers a lender's department availability and here companies delivered at branches, distant company facility availability, and electronic delivery units and other shipping programs, as follows:
The Board might modify a constrained intent financial institution's establishment ranking from “Satisfactory” to “Outstanding” exactly where a bank requests and receives extra thought for solutions that may qualify underneath the Community Improvement Services Check in § 228.25.
A small bank, or maybe a bank that was a little lender through the prior calendar yr, will have to consist of in its community file the financial institution's loan-to-deposit ratio for each quarter of your prior calendar 12 months and, at its choice, added details on its loan-to-deposit ratio.
The skin retail lending region is comprised of element geographic spots. A component geographic region is any MSA or maybe the nonmetropolitan location of any Condition, or portion thereof, involved within the surface retail lending space.
(B) A substantial financial institution may possibly modify the Retail Companies and Products and solutions Exam by eradicating a element in the examination.
The Board evaluates a restricted function lender's Group improvement financing effectiveness within the nationwide spot, pursuant to § 228.19, and assigns a summary with the institution depending on the Board's thought of the next two parts: