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TagsFinancial Institution Letter
| Community Reinvestment Act
Revisions to Interagency Questions and Answers |
FIL-9-2010
March 11, 2010 |
| Summary: | The FDIC, the Federal Reserve Board, the Office of the Comptroller of the Currency and the Office of Thrift Supervision have published revisions to the Interagency Questions and Answers Regarding Community Reinvestment (Q&As). After considering comments received on the proposed Questions and Answers, the agencies adopted one new question and answer, and two revised questions and answers. A new question provides examples of how to demonstrate that community development services meet the criteria of serving low- and moderate-income areas and people. The revised Q&As enable consideration of a pro rata share of mixed-income affordable housing projects as community development projects. |
Distribution:
FDIC-Supervised Banks (Commercial and Savings)
Complete Financial Institution Letter: http://www.fdic.gov/news/news/financial/2010/fil10009.html
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Source: FDIC Subscriptions Financial Institution Letters - Recent Updates
Compliance Examination Manual