The Board evaluations the influence and responsiveness of your financial institution's community development loans and Local community growth investments that profit or serve the nationwide space, as presented in § 228.fifteen.
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(ii) To obtain possession or control of shares or all or significantly every one of the belongings of a financial institution, to cause a financial institution to be a subsidiary of the financial institution holding business, or to merge or consolidate a financial institution Keeping firm with any other bank holding company inside a transaction that needs acceptance beneath section 3 of the Financial institution Keeping Enterprise Act (12 U.S.C. 1842);
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The Board evaluates a military services lender pursuant for the relevant general performance checks explained in paragraph (a) of this part.
(ii) If a sizable bank is not matter to reporting underneath twelve CFR portion 1003 as a result of The situation of its branches, but would otherwise meet the Home Mortgage loan Disclosure Act (HMDA) dimension and lending action prerequisites pursuant to twelve CFR element 1003, the financial institution ought to accumulate and maintain, in Digital variety, as prescribed by the Board, until eventually the completion from the bank's subsequent CRA examination through which the information are evaluated, the following data, for each closed-end residence home loan loan, excluding multifamily loans, originated or obtained in the course of the analysis period:
(6) A bank's shut-conclusion property property finance loan lending, little enterprise lending, tiny farm lending, or automobile lending in distressed or underserved nonmetropolitan middle-money census tracts wherever a financial institution's nonmetropolitan facility-dependent evaluation region or nonmetropolitan retail lending assessment area incorporates hardly any or no very low- and average-revenue census tracts; and
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(three) The quantity and dollar quantity of smaller organization loans and little farm loans Positioned inside each facility-centered assessment place and retail lending assessment spot noted via the bank plus the number and greenback quantity of small small business loans and compact farm loans Positioned outside of the ability-centered evaluation areas and retail lending assessment regions claimed because of the financial institution; and
Inside of a facility-based mostly assessment region or outside the house retail lending place, an item line is a major item line if the lender's loans in that merchandise line comprise fifteen per cent or more of your financial institution's loans throughout each of the financial institution's solution strains in the facility-dependent assessment location or outside retail lending spot, as determined pursuant to paragraph II.b.1 of appendix A to this aspect.
Loans, investments, and solutions that guidance smaller firms or little farms in accordance with how tiny organizations and smaller farms are defined during the applicable approach, system, or initiative, but excluding loans by a lender on to little corporations or compact farms (both as described website within a governing administration strategy, method, or initiative or in § 228.
) Any increase in the calendar calendar year to an existing community improvement loan that is certainly refinanced or renewed or to an present Local community enhancement expense that may be renewed;
); the expression “uninsured Condition branch” usually means a Point out branch the deposits of which aren't insured via the Federal Deposit Insurance policy Corporation; the phrase “constrained branch” means a Condition branch that accepts only deposits that happen to be permissible for an organization arranged underneath part 25A of your Federal Reserve Act (12 U.S.C. 611 et seq.
) The range of retail banking companies and retail banking products and solutions provided as a result of electronic supply systems along with other shipping and delivery programs; and