(three) The bank may not assert Neighborhood growth loans or Local community improvement investments accounting for much more than its percentage share (based upon the extent of its participation or investment) of the full loans or investments produced by the consortium or third party.
(ii) According to paragraph (g) of the part, a financial institution's prepare may perhaps involve optional evaluation components or suitable modifications and additions into the performance tests that may implement inside the absence of the accepted plan.
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A financial institution's plan should provide a justification that demonstrates the need for the subsequent components of a approach a result of the financial institution's enterprise model (
The CRA which component do not demand a lender to originate or invest in loans or investments or to supply solutions that are inconsistent with Safe and sound and sound banking techniques, which includes underwriting standards.
(4) Are supplied to individuals in a office the place nearly all of workers are lower- or moderate-earnings, based on U.S. Bureau of Labor Figures data for the typical wage for staff in that individual occupation or sector;
implies the time period, usually in calendar years, through which a bank done the pursuits which the Board evaluates in a very CRA examination, in accordance with the Board's pointers and processes.
If a armed service bank delineates the whole United States and its territories as its sole facility-dependent assessment place pursuant to § 228.16(d), the Board evaluates the financial institution exclusively within the institution stage depending on its overall performance in its sole facility-centered assessment spot.
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When read more making use of efficiency assessments and strategic plans pursuant to paragraph (a) of the section, and when figuring out whether to approve a strategic approach pursuant to § 228.
(ii) If a large financial institution is no more needed to delineate a retail lending assessment space Earlier identified during the prepare as a result of not Assembly the required retail lending assessment area thresholds pursuant to § 228.
(ii) The Board considers an intermediate bank's Group progress loans, Group improvement investments, and Neighborhood growth products and services with out regard to whether the activity is created in one or more with the bank's facility-primarily based assessment locations. The extent in the Board's thought of Neighborhood advancement loans, Neighborhood improvement investments, and community development services outside of the financial institution's facility-dependent evaluation parts will rely upon the adequacy with the financial institution's responsiveness to Neighborhood advancement requirements and possibilities within the lender's facility-based mostly assessment spots and relevant effectiveness context data.
The Board reviews the effect and responsiveness on the lender's Group development loans and community advancement investments that reward or serve a multistate MSA, as presented in § 228.fifteen.
(E) The bank fails to deliver details asked for from the Board that's needed for the Board to make an informed final decision.