Interagency Questions & Answers

The following "Interagency Questions and Answers Regarding Community Reinvestment" (Questions and Answers) were released by the staffs of the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency (the Agencies) on July 15, 2016, to provide guidance to financial institutions and the public. These Questions and Answers consolidate and supersede all previously published "Interagency Questions and Answers Regarding Community Reinvestment".

NOTE: On October 24, 2023, the Agencies issued a final rule to strengthen and modernize the regulations implementing the Community Reinvestment Act of 1977 (CRA) (published in the Federal Register at 89 FR 6574 (Feb. 1, 2024)). The effective date of the final rule is April 1, 2024, with most provisions in the final rule applicable on either January 1, 2026, or January 1, 2027. During this transition period, the final rule requires banks to follow certain provisions of the Agencies’ CRA regulations in effect as of March 31, 2024 (legacy CRA regulations), which are reproduced in Appendix G to the revised CRA regulations. The Questions and Answers will continue to apply to the legacy CRA regulations during this transition period, and citations to the Agencies’ CRA regulations in the Questions and Answers should be read as referring to Appendix G of the final rule. For example, beginning April 1, 2024, Q&A § __.12(g)—1 should be read as referring to § __.12(g) of Appendix G.

Federal Register Notice containing Interagency Questions and Answers (PDF)

For historic information, refer to the Interpretive Letters.