228 loan - An Overview
228 loan - An Overview
Blog Article
A big financial institution should accumulate and maintain in electronic form, as prescribed via the Board, right until the completion from the lender's future CRA evaluation through which the information are evaluated, the next details for every tiny business loan or little farm loan originated or ordered from the financial institution through the evaluation period of time:
The Board may modify the rating of the intermediate bank evaluated as presented in paragraph (a)(2) of this part from “Satisfactory” to “Excellent” at the establishment level the place the lender requests and receives further thing to consider for actions that will qualify pursuant to the Retail Companies and Goods Check in § 228.23.
(ii) To amass ownership or control of shares or all or substantially all the assets of the financial institution, to bring about a financial institution to become a subsidiary of a lender Keeping firm, or to merge or consolidate a financial institution holding organization with some other bank Keeping enterprise inside a transaction that needs acceptance beneath area 3 from the Financial institution Holding Business Act (twelve U.S.C. 1842);
In Each and every applicable Retail Lending Take a look at Space, the Board evaluates originated and ordered loans in Each individual of the subsequent product or service traces that is a big solution line, as described in paragraph (d)(2) of the part:
(iii) A inhabitants lack of ten p.c or maybe more concerning the prior and most recent decennial census or possibly a Web inhabitants loss of five percent or maybe more more than the 5-calendar year period preceding The newest census.
The Board evaluates a large bank's history of helping to fulfill the credit rating requirements of its entire Local community in its outside retail lending place pursuant to § 228.
(three) Positive aspects or serves one or more geographic places with low levels of community growth financing;
) A financial institution may well use alternate weights for combining the borrower and geographic distribution analyses for major solution line(s) or other loan merchandise.
) The outstanding harmony of a Local community improvement loan originated, procured, refinanced, or renewed in preceding many years or Local community enhancement investment decision produced or renewed in earlier many years, as of December 31 for each year the loan or investment stays to the lender's stability sheet; or
For a big bank that experienced assets greater than $ten billion as of December 31 in equally in the prior two calendar many years, the Lender Nationwide Local community Growth Expenditure Metric measures the greenback volume with the bank's Local community advancement investments that profit or serve all or Section of the nationwide location, excluding home loan-backed securities, compared to the deposits from the bank located in the nationwide place, calculated pursuant to paragraph II.m of appendix B to this component.
For each of the big bank's facility-centered evaluation parts, and as applicable, its retail lending evaluation regions, the Board publishes to the Board's Web page:
For house property finance loan loans, get more info the bank must identify the home mortgage loan loans claimed by financial institution affiliates beneath twelve CFR element 1003, if relevant, or collect and keep data on property mortgage loans with the affiliate the lender would have gathered and maintained pursuant to paragraphs (a)(3) of this part experienced the loans been originated or bought with the financial institution.
(B) Any counties through which the massive lender did not originate any closed-stop household home loan loans or modest business loans which can be documented loans all through that calendar year.
(ii) When the Board, the FDIC, as well as OCC establish that a loan or expense is no more suitable for community growth thing to consider, the owner in the loan or financial investment at the time on the perseverance will carry on to obtain Local community development consideration for that remaining time period or duration of the loan or investment decision.