Skip to main content

Correspondence Date: January 8, 1997

Dear [ ]:

This letter responds to your inquiry dated September 16, 1996 regarding the application of the Community Reinvestment Act (CRA) regulations to a financial institution’s support of the [ ] Regional Jobs Initiative under the revised CRA. As you know, the four bank and thrift regulatory agencies have promulgated identical CRA regulations. Therefore, staff from all of the agencies have considered the issue you raised, and they concur in the opinions expressed in this letter.

Correspondence Date: August 1, 1997

Dear Mr. [ ]:

This responds to your inquiry concerning the treatment under the revised Community Reinvestment Act (CRA) regulation of an investment in a private equity fund [the Fund}, which will assist minority entrepreneurs to expand their restaurant franchise operations. As you know, the banking and thrift regulatory agencies have developed substantively identical CRA regulations which can be found at 12 C.F.R. parts 25, 228, 345, and 563e. Therefore, staff from all of the agencies have considered the issues you raised, and they concur in the opinions expressed in this letter.

Correspondence Date: January 8, 1997

Dear [ ]:

This letter responds to your correspondence dated September 27, 1996 concerning the definition of community development services in the agencies’ Community Reinvestment Act (CRA) regulations. As you know, the four bank and thrift regulatory agencies have promulgated substantially identical regulations. Therefore, staff from all of the agencies have considered the issue you raised and concur in the opinions expressed in this letter.

Question: What do examiners look for, and require when examining for "community development services" evaluations?

Subscribe to