Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation’s banking system.
The FDIC insures deposits at the nation’s banks and savings associations, 6,122 as of March 31, 2016. 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--57--2016
July 15, 2016 Media contact:
LaJuan Williams-Young
(202) 898-3876
lwilliams-young@fdic.gov
Agencies Release Final Revisions to Interagency Questions and Answers
Regarding Community Reinvestment
The federal bank regulatory agencies with responsibility for Community Reinvestment Act (CRA) rulemaking today
published final revisions to "Interagency Questions and Answers Regarding Community Reinvestment." The Questions
and Answers document provides additional guidance to financial institutions and the public on the agencies' CRA
regulations.
The new and revised guidance addresses questions raised by bankers, community organizations, and others regarding
the agencies’ CRA regulations in the following areas:
Availability and effectiveness of retail banking services.
Innovative or flexible lending practices.
Community development-related issues, including: (i) economic development; (ii) community development loans
and activities that revitalize or stabilize underserved nonmetropolitan middle-income geographies; and (iii)
community development services.
Responsiveness and innovativeness of an institution’s loans, qualified investments, and community development
services.
The final revisions are being issued by the Board of Governors of the Federal Reserve System, Federal Deposit
Insurance Corporation, and Office of the Comptroller of the Currency. The attached notice will be published shortly in the
Federal Register.
For more information on the CRA, the agencies’ CRA regulations, and the agencies’ Questions and Answers, please visit
the Federal Financial Institutions Examination Council website at www.ffiec.gov.
# # #
Federal Register Notice: Interagency Questions and Answers Regarding Community Reinvestment
Media Contacts:
Federal Reserve Susan Stawick (202) 452-2955
OCC William Grassano (202) 649-6870
FDIC LaJuan Williams-Young (202) 898-3876
The FDIC insures deposits at the nation’s banks and savings associations, 6,122 as of March 31, 2016. 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--57--2016
July 15, 2016 Media contact:
LaJuan Williams-Young
(202) 898-3876
lwilliams-young@fdic.gov
Agencies Release Final Revisions to Interagency Questions and Answers
Regarding Community Reinvestment
The federal bank regulatory agencies with responsibility for Community Reinvestment Act (CRA) rulemaking today
published final revisions to "Interagency Questions and Answers Regarding Community Reinvestment." The Questions
and Answers document provides additional guidance to financial institutions and the public on the agencies' CRA
regulations.
The new and revised guidance addresses questions raised by bankers, community organizations, and others regarding
the agencies’ CRA regulations in the following areas:
Availability and effectiveness of retail banking services.
Innovative or flexible lending practices.
Community development-related issues, including: (i) economic development; (ii) community development loans
and activities that revitalize or stabilize underserved nonmetropolitan middle-income geographies; and (iii)
community development services.
Responsiveness and innovativeness of an institution’s loans, qualified investments, and community development
services.
The final revisions are being issued by the Board of Governors of the Federal Reserve System, Federal Deposit
Insurance Corporation, and Office of the Comptroller of the Currency. The attached notice will be published shortly in the
Federal Register.
For more information on the CRA, the agencies’ CRA regulations, and the agencies’ Questions and Answers, please visit
the Federal Financial Institutions Examination Council website at www.ffiec.gov.
# # #
Federal Register Notice: Interagency Questions and Answers Regarding Community Reinvestment
Media Contacts:
Federal Reserve Susan Stawick (202) 452-2955
OCC William Grassano (202) 649-6870
FDIC LaJuan Williams-Young (202) 898-3876