CA 14-2:
Revised Interagency Large Institution CRA Examination Procedures and Consolidation of Interagency CRA Examination Procedures and Supporting Materials
OF THE FEDERAL RESERVE SYSTEM
WASHINGTON, D.C. 20551
DIVISION OF CONSUMER
AND COMMUNITY AFFAIRS
April 18, 2014
TO THE OFFICERS AND MANAGERS IN CHARGE OF CONSUMER AFFAIRS SECTIONS
Revised Interagency Large Institution CRA Examination Procedures and Consolidation of Interagency CRA Examination Procedures and Supporting Materials
Applicability to Community Banking Organizations: This guidance applies to all state member banks, including those with $10 billion or less in consolidated assets.
The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (the “Agencies”) recently approved the attached interagency Large Institution Community Reinvestment Act (CRA) examination procedures. The revised examination procedures explain how community development activities that benefit a broader statewide or regional area that includes an institution’s assessment area(s) and investments in nationwide funds will be considered when evaluating an institution’s CRA performance, assigning ratings, and developing public performance evaluations. The revised interagency Large Institution CRA examination procedures supersede the interagency Large Institution CRA examination procedures transmitted with CA Letter 06-9.
The revised examination procedures reflect, and are consistent with, the recently updated “Interagency Questions and Answers Regarding Community Reinvestment” (the “Questions and Answers”), which provides guidance for use by agency personnel, financial institutions, and the public. The Agencies updated the Questions and Answers on November 15, 2013 to address several community development issues.1
Additionally, this CA letter republishes, without change, the interagency Small Institution CRA examination procedures, the interagency Intermediate Small Institution CRA examination procedures, the interagency Wholesale/Limited Purpose CRA examination procedures, the interagency Strategic Plan CRA examination procedures, the Instructions for Writing Public Evaluations, and the FFIEC Community Contact Form, which were all previously transmitted with CA Letter 06-9.
signed by
Tonda Price
Acting Director
Division of Consumer
and Community Affairs
CA 06-9 “Consolidation of Interagency CRA Examination Procedures” (April 10, 2006)
Revised Interagency Large Institution CRA Examination Procedures
Interagency Small Institution CRA Examination Procedures
Interagency Intermediate Small Institution CRA Examination Procedures
Interagency Wholesale/Limited Purpose CRA Examination Procedures
Interagency Strategic Plan CRA Examination Procedures
Instructions for Writing Public Evaluations
FFIEC Community Contact Form
CA 13-18 “Final Revisions to Interagency Questions and Answers Regarding Community Reinvestment” (November 15, 2013)
Notes:
1. Refer to CA letter 13-18, "Final Revisions to Interagency Questions and Answers Regarding Community Reinvestment." Return to text