PRESS RELEASE
Federal Deposit Insurance Corporation
March 1, 2001
Media Contact:
David Barr
(202) 898-6992
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's
banking system. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its
operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information
Center (877-275-3342 or 703-562-2200). PR-15-2001
FDIC ISSUES SECOND QUARTER CRA EXAMINATION SCHEDULE
The Federal Deposit Insurance Corporation (FDIC) has issued the public list of
institutions that it has scheduled for a Community Reinvestment Act (CRA) examination
during the second quarter of 2001. This list is published pursuant to revised CRA
regulations published in May 1995 that require each Federal bank and thrift regulator to
publish a quarterly CRA examination schedule at least 30 days before the beginning of
each quarter.
The examination schedule reflects the effects of an institution's size and CRA rating on
examination frequency. Absent reasonable cause, an institution with $250 million or less
in assets and a CRA rating of Satisfactory can be subject to a CRA examination no
more frequently than once every 48 months. Absent reasonable cause, an institution
with $250 million or less in assets and a CRA rating of Outstanding can be subject to a
CRA examination no more frequently than once every 60 months.
The schedule of institutions to be examined March 1, 2001, through June 30, 2001, is
based on the best information now available. Examination schedules may change. For
example, a regulated financial institution not otherwise scheduled for an examination
may be examined in connection with the application for a deposit facility. Alternatively,
some institutions may require more time and resources than originally allotted, thus
delaying other scheduled examinations. If an institution is rescheduled for a different
quarter, that information will be included on a later list.
The regulators encourage public comment on the institutions to be examined under the
CRA. Comments about FDIC-supervised institutions should be directed to the
institutions themselves or to the Regional Director of the appropriate FDIC regional
office (a list of those locations is attached). All public comments received prior to
completion of a CRA examination will be considered.
Federal Deposit Insurance Corporation
March 1, 2001
Media Contact:
David Barr
(202) 898-6992
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's
banking system. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its
operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information
Center (877-275-3342 or 703-562-2200). PR-15-2001
FDIC ISSUES SECOND QUARTER CRA EXAMINATION SCHEDULE
The Federal Deposit Insurance Corporation (FDIC) has issued the public list of
institutions that it has scheduled for a Community Reinvestment Act (CRA) examination
during the second quarter of 2001. This list is published pursuant to revised CRA
regulations published in May 1995 that require each Federal bank and thrift regulator to
publish a quarterly CRA examination schedule at least 30 days before the beginning of
each quarter.
The examination schedule reflects the effects of an institution's size and CRA rating on
examination frequency. Absent reasonable cause, an institution with $250 million or less
in assets and a CRA rating of Satisfactory can be subject to a CRA examination no
more frequently than once every 48 months. Absent reasonable cause, an institution
with $250 million or less in assets and a CRA rating of Outstanding can be subject to a
CRA examination no more frequently than once every 60 months.
The schedule of institutions to be examined March 1, 2001, through June 30, 2001, is
based on the best information now available. Examination schedules may change. For
example, a regulated financial institution not otherwise scheduled for an examination
may be examined in connection with the application for a deposit facility. Alternatively,
some institutions may require more time and resources than originally allotted, thus
delaying other scheduled examinations. If an institution is rescheduled for a different
quarter, that information will be included on a later list.
The regulators encourage public comment on the institutions to be examined under the
CRA. Comments about FDIC-supervised institutions should be directed to the
institutions themselves or to the Regional Director of the appropriate FDIC regional
office (a list of those locations is attached). All public comments received prior to
completion of a CRA examination will be considered.
To receive today's quarterly list if not available as an attachment, or to be added to a
mailing list for future press releases, call (703) 562-2200 or (800) 276-6003, fax a
request to (703) 562-2296, or write to:
FDIC
Public Information Center
801 17th street, NW, Room 100
Washington, DC 20434
(e-mail: publicinfo@fdic.gov)
The quarterly list is also available on the Internet.
The Community Reinvestment Act is a 1977 law intended to encourage insured banks
and thrifts to help meet the credit needs of the communities in which they are chartered
to do business, including low- and moderate-income neighborhoods, consistent with
safe and sound operations.
###
Attachment: FDIC Issues Second Quarter CRA Examination Schedule
Attachment: FDIC Regional Offices - Division of Compliance and Consumer Affairs
mailing list for future press releases, call (703) 562-2200 or (800) 276-6003, fax a
request to (703) 562-2296, or write to:
FDIC
Public Information Center
801 17th street, NW, Room 100
Washington, DC 20434
(e-mail: publicinfo@fdic.gov)
The quarterly list is also available on the Internet.
The Community Reinvestment Act is a 1977 law intended to encourage insured banks
and thrifts to help meet the credit needs of the communities in which they are chartered
to do business, including low- and moderate-income neighborhoods, consistent with
safe and sound operations.
###
Attachment: FDIC Issues Second Quarter CRA Examination Schedule
Attachment: FDIC Regional Offices - Division of Compliance and Consumer Affairs