Regulation BB and other CRA Regs

Summary of CRA Implementation Regulations

CRA regulations fall into one of two groups:

Those that implement the statute itself
Those that deal with the disclosure of CRA-related agreements and are treated on a separate page

The CRA regulations implement a five part test of compliance

A general test of performance
A lending test
An investment test
A service test
And a community development test for wholesale or limited purpose banks

Small Entity Compliance Guide

See also OCC CRA Interpretation Letters

Proposed Amendments

There are currently no proposed amendments to the CRA implementation regulations 9.13.06

Recent Amendments

OTS Announces Proposal to Align CRA Regulation with Other Federal Banking Agencies 9.27.06

Amendments to CRA regulations to reduce regulatory burden on community banks while making CRA evaluations more effective in encouraging banks to meet community development needs effective 9.01.05

Press Release
Notice
Issued jointly by the FED, OCC and FDIC
Reduces data collection and reporting burden for banks between $250M and $1B ("intermediate small banks") in asset size
The new rules expand the definition of community development to include activities that revitalize or stabilize designated disaster areas and distressed or underserved rural areas

Adoption in final form of the interim amendments conforming the regulation to changes in census tracts and in the Stds for Defining Metropolitan and Micropolitan Statistical Areas published by the US Office of Management and Budget in December 2000 effective 3.28.05

Notice
Adopted jointly by Treasury, Fed, OCC, FDIC and OTS

Index of Implementation Regulations

12 CFR	OCC*	FRB**	FDIC	OTS
Authority, purposes, and scope	25.11	228.11	345.11	563e.11
Definitions	25.12	228.12	345.12	563e.12
Performance tests, standards, and ratings, in general	25.21	228.21	345.21	563e.21
Lending test	25.22	228.22	345.22	563e.22
Investment test	25.23	228.23	345.23	563e.23
Service test	25.24	228.24	345.24	563e.24
Community development test for wholesale or limited purpose banks	25.25	228.25	345.25	563e.25
Small bank performance stds	25.26	228.26	345.26	563e.26
Strategic plan	25.27	228.27	345.27	563e.27
Assigned ratings	25.28	228.28	345.28	563e.28
Effect of CRA performance on applications	25.29	228.29	345.29	563e.29
Assessment area delineation	25.41	228.41	345.41	563e.41
Data collection, reporting, and disclosure	25.42	228.42	345.42	563e.42
Content and availability of public file	25.43	228.43	345.43	563e.43
Public notice by banks	25.44	228.44	345.44	563e.44
Publication of planned examination schedule	25.45	228.45	345.45	563e.45

* The OCC has included within Part 25 regulations dealing with interstate deposit production. These regulations are found within the topic Geographic Expansion

** The FRB's regulation is further denominated as Regulation BB

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