CA 13-18:
Final Revisions to Interagency Questions and Answers Regarding Community Reinvestment
OF THE FEDERAL RESERVE SYSTEM
WASHINGTON, D.C. 20551
DIVISION OF CONSUMER
AND COMMUNITY AFFAIRS
November 15, 2013
TO THE OFFICERS AND MANAGERS IN CHARGE OF CONSUMER AFFAIRS SECTIONS
Final Revisions to Interagency Questions and Answers Regarding Community Reinvestment
Applicability to Community Banking Organizations: This guidance applies to all institutions supervised by the Federal Reserve, including institutions with total consolidated assets of $10 billion or less.
The Federal Reserve, along with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency today, published final revisions to "Interagency Questions and Answers Regarding Community Reinvestment" (Interagency Qs and As). The Interagency Qs and As provide guidance on the agencies' Community Reinvestment Act regulations for use by agency supervisory staff, examiners, financial institutions, and the public.
The revisions to the Interagency Qs and As focus primarily on community development, as explained in the attached document. This guidance supplements the 2010 Interagency Questions and Answers Regarding Community Reinvestment. Both documents can be found at http://www.ffiec.gov/cra.
Questions on this letter and the Interagency Qs and As should be directed to Carol Evans, Assistant Director, at (202) 452-2051; Cathy Gates, Senior Project Manager, at 202-452-2099; or Theresa Stark, Senior Project Manager, at (202) 452-2302 in the Division of Consumer and Community Affairs. In addition, questions may be sent via the Board’s public website.
signed by
Sandra F. Braunstein
Director
Division of Consumer
and Community Affairs