Community Reinvestment Act; Rescission of Statement of Policy

요약

As part of the FDIC's systematic review of its regulations and written policies under section 303(a) of the Riegle Community Development and Regulatory Improvement Act of 1994 (CDRIA), the FDIC is rescinding its Statement of Policy on the ``Community Reinvestment Act.'' The statement of policy has been rendered obsolete by the amendment of part 345 (Community Reinvestment) of the FDIC's regulations, and thus is being rescinded. This action furthers the goals of section 303(a) of CDRIA by removing inconsistencies and outmoded and duplicative requirements from the FDIC's supervisory policies.