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Community Reinvestment Act (CRA): Consideration for Gulf Coast Disaster Area Activities
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Description:The areas designated major disaster areas by the Federal Emergency Management Agency (FEMA) in 2005 following Hurricanes Katrina and Rita continue to be so designated and to demonstrate significant revitalization and recovery needs. To continue to support community development, the FDIC, along with the other federal banking agencies, is extending CRA consideration for community development loans, investments, and services that help revitalize or stabilize those disaster areas through 2014.
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Content Notes:Cites https://www.govinfo.gov/content/pkg/FR-2010-03-11/pdf/2010-4903.pdf|Community Reinvestment Act; Interagency Questions and Answers Regarding Community Reinvestment
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Release Date:2/22/1012
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Update Date:11/26/2018
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Withdrawn Date:12/01/2018
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Agencies Involved:Federal Deposit Insurance Corporation (FDIC)Federal Emergency Management Agency (FEMA)
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Fdic Employee Involved:Janet GordonSharon Vejvoda
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Law Involved:Community Reinvestment Act
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Related Regulation:12 CFR Part 345
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Source:FDIC Website
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Memorandum To:FDIC-Supervised Banks (Commercial and Savings)
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FIL Number:FIL-9-2012
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Supporting Files
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