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INTERAGENCY INTERPRETIVE LETTERS FOR 1997
December 12, 1997
- States that financial institutions may receive favorable CRA credit for investing in a middle income housing down-payment assistance program if the investment is a "qualified investment" under the CRA regulation.


November 20, 1997
- Provides guidance about data collection requirements and performance standards for small wholesale institutions under the Community Reinvestment Act (CRA) regulations.


October 30, 1997
- Clarifies the definition of "affordable housing."


October 7, 1997
- Whether an investment in a limited partnership equity fund (or a similar entity) would receive favorable consideration under the CRA regulations.


September 17, 1997
- Letter states that a financial institution's activities in connection with a program offering a financial services education curriculum for high school students would receive favorable CRA consideration if the students participating in the course were low- and moderate- income.


September 11, 1997  
- Letter provides insight into the applicability of the Community Reinvestment Act (CRA) regulations to a financial institution's investment in a pooled national community development fund that invests in low-income housing tax credit projects.


September 3, 1997
- Letter provides broad applicable guidance pertaining to the treatment under the CRA regulations of financial institutions' participation in funds, such as the one described, which would invest in certain businesses.


September 3, 1997
- Letter states that if an unrated security is held, accounted for, and reported for CRA purposes by a financial institution as a loan or loan participation, the institution may have it considered under the CRA regulations' lending test.


September 2, 1997
- Letter provides broadly applicable guidance about how examiners would evaluate a financial institution's investment in notes of a fund established to improve business and commercial opportunity for economically disadvantaged individuals or business.


August 29, 1997  
- whether a grant supporting a curriculum on personal finance in schools would be favorably considered under CRA.


August 14, 1997
- whether examiners would favorably consider under CRA the activities of two community development corporations that the bank intends to form.


August 11, 1997 (Revised)  
- Interagency CRA letter stating that an investment in an MBS bond that is specifically tailored to an institution's CRA requirements appears to be a "qualified investment" under the CRA regulations. [footnote # 2 has been revised.]


August 11, 1997  
- letter states that an investment in an MBS bond that is specifically tailored to an institution's CRA requirements appears to be a "qualified investment" under the CRA regulations.


August 5, 1997
- how an examiner would determine whether loans for renovation of a housing project would receive favorable consideration under the CRA regulations.


August 1, 1997
- whether an investment in a private equity fund that will assist minority entrepreneurs to expand their restaurant franchise operations would be favorably considered under the CRA.


August 1, 1997  
- whether an investment in a program targeted to revitalize low- to moderate-income neighborhoods would be considered a qualified investment and whether it would be considered innovative.


July 25, 1997
- whether an institution that invests in an entity that supports small businesses in the institutions's assessment area receive positive consideration for making a "qualified investment" under the CRA regulations.


July 25, 1997
- whether investments in projects of the Neighborhood Partnership Program of Maryland would be considered differently if evaluated under large or small bank exams.


July 24,1997
- treatment of membership fees paid to an affordable housing finance initiative.


June 10, 1997  
- clarification of "qualified investment" under the CRA regulations.


May 30,1997
- treatment of equity-equivalent investments under the lending test.


May 22,1997  
- CRA consideration for contributions to the small business loan fund and contributions to the loan fund's operating expenses.


May 5, 1997  
- treatment of securities is backed by non-investment grade tax exempt bonds.


March 28, 1997
- answers to questions raised by June 27, 1996 letter on the treatment of "equity equivalent" investments.


March 27, 1997
- treatment of program to facilitate reporting of rental payment data to credit bureau agencies.


March 14, 1997
- CRA status of a program to provide loans and financial management training to low-income parents.


January 8, 1997
- treatment of grants to a Jobs Initiative program for low-income inner city persons.


January 8, 1997
- examination of community development services.