About 228 loan
About 228 loan
Blog Article
A financial institution could prepare just one plan or individual designs for its facility-primarily based assessment areas, retail lending assessment regions, outdoors retail lending area, or other geographic areas that will be evaluated while in the absence of the accredited strategy.
(iii) Any conditions over and above the Charge of the bank, for example economic problems or other marketplace variables or functions, which have adversely impacted the financial institution's capability to carry out.
Through the time period of a program, a financial institution must post towards the Board for approval an amendment to its program if a fabric alter in instances:
The Board may well take into consideration a financial institution's Neighborhood development loans, Neighborhood progress investments, and Group advancement solutions delivered outside of its facility-primarily based evaluation locations, as presented With this part.
(v) To acquire ownership or Charge of shares or all or substantially each of the belongings of the cost savings association, to cause a price savings Affiliation to become a subsidiary of the cost savings and loan holding company, or to merge or consolidate a personal savings and loan Keeping business with almost every other financial savings and loan Keeping business in a very transaction that needs acceptance under segment 10 of here the Home Proprietors' Loan Act (12 U.S.C. 1467a).
(iii) An inventory exhibiting Every single census tract through which the lender noted a little enterprise loan or a little farm loan;
The Nationwide Asset-Centered Local community Enhancement Funding Benchmark measures the greenback quantity of Local community development loans and Group enhancement investments that benefit or provide all or part of the nationwide space of all depository establishments that described pursuant to § 228.
) Large banking companies that experienced property less than or equal to $ten billion as of December 31 in both of the prior two calendar decades and that do not function branches.
(e) Data on community development loans and Local community advancement investments by a consortium or perhaps a third party.
) The array of retail banking solutions and retail banking merchandise available through electronic delivery devices as well as other shipping devices; and
The Board evaluates a bank's remote assistance facility availability inside of a facility-centered evaluation spot determined by the following:
(B) For giant banking institutions that experienced assets less than or equivalent to $ten billion as of December 31 in possibly of your prior two calendar many years, the Board considers a financial institution's deposit merchandise only with the financial institution's option.
(iii) A lender that includes more efficiency analysis elements with accompanying annual measurable goals in its approach have to specify the geographic spots wherever These components and plans use.
A lender that has been authorised being evaluated underneath a strategic plan will have to contain in its community file a copy of that plan when it truly is in effect. A financial institution need not include things like info submitted to your Board on a private foundation along with the approach.