228 loan - An Overview
228 loan - An Overview
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) Group advancement loan or Local community progress financial commitment detail, for example the particular sort of funding and kind of entity supported (
(1) A nonmetropolitan Center-money census tract is designated as distressed if it is within a county that satisfies a number of of the subsequent criteria:
(1) Any data with regards to a financial institution's institutional ability or constraints, such as the sizing and economic condition with the bank, basic safety and soundness restrictions, or any other bank-unique factors that significantly have an affect on the bank's ability to deliver retail lending, retail banking expert services and retail banking products, community progress loans, community enhancement investments, or Local community improvement expert services;
(B) The Board evaluates the little bank for your analysis interval previous the bank's upcoming CRA examination pursuant to your Retail Lending Exam in § 228.22 and proceeds evaluations less than this overall performance test for subsequent analysis periods right up until the financial institution opts out.
(D) A financial institution in addition to a sizable bank may consist of retail banking solutions or retail banking items component(s) and accompanying yearly measurable aims in its plan.
implies a business, in addition to a farm, that had gross yearly revenues for its preceding fiscal calendar year of $five million or significantly less.
Pursuant to § 228.28 and appendix D to this portion, the Board incorporates a financial institution's Retail Lending Take a look at conclusions into its Point out or multistate MSA scores, as applicable, and its institution score.
A sizable bank need to accumulate and keep in Digital sort, as prescribed through the Board, till the completion in the bank's next CRA assessment where the data are evaluated, the next facts for each compact company loan or smaller farm loan originated or acquired from the financial institution during the analysis period:
signifies a loan to one or more people for family, loved ones, or other individual expenses Which has become the pursuing sorts of loans:
(five) Whether or not the Retail Lending Examination advisable conclusion doesn't properly reflect the bank's general performance in the Retail Lending Examination Region in which a number of on the bank's important product lines contains fewer than 30 loans;
) The number of checking and cost savings accounts opened digitally and through other shipping and delivery units which might be active at the conclusion of each calendar yr by census tract revenue amount for each calendar calendar year.
The Board considers the weighted ordinary on the effectiveness scores equivalent to the financial institution's Community Enhancement Companies Test conclusions for its facility-primarily based assessment regions inside a State, multistate MSA, or even the establishment pursuant to portion IV of appendix B to this element.
); the time period “uninsured Condition department” indicates a State branch the deposits of which are not insured through the Federal Deposit Insurance Company; the time period “confined department” suggests a Point out branch click here that accepts only deposits which might be permissible for an organization structured beneath section 25A in the Federal Reserve Act (12 U.S.C. 611 et seq.
suggests a channel through which banking institutions present retail banking solutions electronically, including on the net banking or cell banking.