Pursuant to § 228.21, the Community Advancement Financing Check for Constrained Function Banking institutions evaluates a confined function lender's document of assisting to fulfill the credit score requires of its entire Local community as a result of Neighborhood progress loans and Group improvement investments (
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The Board assessments the impression and responsiveness of a bank's Group growth loans and Group growth investments that benefit or provide a facility-dependent assessment area, as provided in § 228.fifteen.
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(2) The dispersion of a bank's shut-end household mortgage loan lending, tiny company lending, smaller farm lending, or auto lending inside a facility-centered evaluation place to determine whether there are gaps in lending that are not explained by overall performance context;
(four) Missing or faulty data that will be needed to compute the suitable metrics and benchmarks or almost every other variables that stop the Board from calculating a Retail Lending Take a look at recommended conclusion.
The Board evaluates a little lender's document of helping to meet up with the credit history wants of click here its overall community pursuant for the Smaller Lender Lending Test as presented in paragraph (a)(two) of the part, unless the little bank opts to get evaluated pursuant into the Retail Lending Test in § 228.22.
(one) A nonmetropolitan middle-profits census tract is specified as distressed if it is in a very county that satisfies a number of of the next standards:
(5) If the Retail Lending Take a look at recommended conclusion doesn't precisely mirror the financial institution's effectiveness in a Retail Lending Test Region through which one or more on the financial institution's big products strains is made of much less than thirty loans;
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The Board assigns a conclusion for your efficiency of an intermediate bank evaluated pursuant to this portion as provided in appendices C and E to this section. In assigning conclusions for an intermediate lender, the Board may well take into consideration general performance context information and facts as delivered in § 228.21(d).
(ii) All of the counties inside the nonmetropolitan place of the Point out (utilizing the MSA boundaries which were in effect as of January 1 from the calendar yr through which the delineation applies), excluding:
If an intermediate financial institution opts for being evaluated pursuant to the Local community Improvement Financing Exam in § 228.24, the Board evaluates the intermediate financial institution for the evaluation interval preceding the financial institution's subsequent CRA evaluation pursuant to the Local community Development Financing Exam in § 228.24 and continues evaluations pursuant to this effectiveness test for subsequent evaluation durations till the financial institution opts out.
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