(ii) If a large bank is no more required to delineate a retail lending assessment space Formerly recognized in the plan due to not Conference the needed retail lending evaluation region thresholds pursuant to § 228.
) A bank may well use option weights for combining the borrower and geographic distribution analyses for main merchandise line(s) or other loan items.
The Board evaluates a lender's Neighborhood advancement providers general performance inside a Condition or multistate MSA, as relevant, or nationwide location, and assigns a summary for people parts, according to the next two factors:
A. The dollar volume of all Neighborhood growth loans originated or purchased and Neighborhood advancement investments produced, which include legally binding commitments to extend credit or legally binding commitments to take a position,[1] in that calendar 12 months;
The Board considers facts furnished by the bank and could contemplate publicly accessible info and knowledge provided by governing administration or Local community resources that demonstrates that a Local community growth assistance Gains or serves a facility-primarily based evaluation area, Condition, or multistate MSA, or maybe the nationwide place.
Percentage of whole number of farms in very low- and average-cash flow census tracts inside the relevant Retail Lending Take a look at Spot which might be in minimal-revenue census tracts.
In advance of distributing a draft plan to the Board for acceptance pursuant to paragraph (h) of this area, a financial institution need to:
If a lender proven yearly measurable targets and will not meet a number of of its satisfactory targets, the Board will take into account the following factors to find out the effect on a financial institution's CRA functionality evaluation:
The Financial institution Assessment Spot Group Progress Funding Metric steps the dollar quantity of a bank's community advancement loans and Local community enhancement investments that advantage or provide a facility-primarily based evaluation area in comparison to deposits within the lender that can be found in the power-based evaluation space, calculated pursuant to paragraph II.a of appendix B to this part.
The Board evaluates The supply and usage of a bank's deposit products and solutions responsive to the needs of reduced- and reasonable-income people, people, or households as follows:
(B) Other than as delivered in § 228.fifty one(e), a large bank with a merged full of ten or even more facility-based mostly assessment places and retail lending assessment regions in any State or multistate MSA, as relevant, or with the establishment might not get a ranking of “Satisfactory” or “Superb” in that Point out or multistate MSA, as relevant, or for that institution, Unless of course the bank gets an Total conclusion of at the very least “Small Satisfactory” in sixty % or more of the full amount of its facility-based mostly evaluation areas and retail lending assessment regions in that State or multistate MSA, as relevant, or to the establishment.
A lender required to report dwelling home finance loan loan information pursuant to twelve CFR aspect 1003 must incorporate in its general public file a written observe the financial institution's HMDA Disclosure Assertion could be received on The customer Financial Protection Bureau's (CFPB's) Site at:
iii. If a financial institution has not collected, managed, or documented loan data on an item line in a facility-dependent evaluation location or outside retail lending space for one or more decades of an evaluation period of time, the product line is A significant products line In the event the here Board establishes which the item line is substance to the bank's small business in the power-dependent assessment area or outside retail lending spot.
A financial institution need to delineate one or more facility-primarily based assessment areas within which the Board evaluates the lender's history of helping to meet up with the credit score wants of its complete community pursuant to the performance checks and strategic prepare described in § 228.21.