Community Reinvestment Act: Revisions to Interagency Regulations

Details

• Publisher's site:
  https://www.fdic.gov/
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  The FDIC, the Federal Reserve Board, the Office of the Comptroller of the Currency and the Office of Thrift Supervision have published revisions to their Community Reinvestment Act Regulations to encourage depository institutions to support eligible development activities in areas designated under the Neighborhood Stabilization Program (NSP) administered by the U.S. Department of Housing and Urban Development (HUD). Under the NSP, HUD has provided funds to state and local governments and nonprofit organizations for the purchase and redevelopment of abandoned and foreclosed properties in designated target areas with high levels of foreclosures. The rule is effective January 19, 2011.
• Subject:
  CRA
• Dataset Download URL:
  https://www.fdic.gov/news/financial-institution-letters/2010/fil10092.html
• Format:
  PDF
• Release Date:
  12/29/2010
• Update Date:
  11/26/2018
• Withdrawn Date:
  12/01/2018
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC) ; Office of the Comptroller of the Currency (OCC) ; Board of Governors of the Federal Reserve System (The Fed) ; Office of Thrift Supervision (OTS) ; U.S. Department of Housing and Urban Development (HUD)
• Fdic Employee Involved:
  Janet Gordon ; Richard M. Schwartz
• Law Involved:
  Community Reinvestment Act (CRA)
• Related Regulation:
  12 CFR Part 345
• Source:
  FDIC Website
• Memorandum To:
  FDIC-Supervised Banks (Commercial and Savings)
• Effective Date:
  01/19/2011
• FIL Number:
  FIL-92-2010
• Main Document Checksum:
  urn:sha256:f440bdf09e0d8ea3ffb7a4c65527c3cfe3acbdeb30e632af4d3033d49349cb0d
• Download URL:
  https://archive.fdic.gov/view/fdic/7135/fdic_7135_DS1.pdf
• File Type:
  [PDF - 779.52 KB ]