Bankowość · 20.08.2004

Community Reinvestment

The Federal Deposit Insurance Corporation (FDIC), is proposing revisions to 12 CFR 345 implementing the Community Reinvestment Act (CRA) that would change the definition of "small bank" to raise the asset size threshold to $1 billion regardless of holding company affiliation; add a community development activity criterion to the streamlined evaluation method for small banks with assets greater than $250 million and up to $1 billion; and expand the definition of "community development" to encompass a broader range of activities in rural areas. In addition to seeking comment on this proposal, the FDIC is also seeking comments on these and any other options.