The Nationwide Neighborhood Progress Funding Benchmark measures the dollar quantity of community improvement loans and Neighborhood development investments that profit or serve all or part of the nationwide spot for all large depository institutions when compared with the deposits situated in the nationwide spot for all large depository institutions, calculated pursuant to paragraph II.k of appendix B to this element.
The Board considers the loans, investments, companies, and items of affiliates of a bank that are not functions subsidiaries, on the financial institution's choice, issue to the following:
For each of a bank's facility-based mostly assessment spots, the Evaluation Location Neighborhood Enhancement Financing Benchmark steps the greenback volume of community improvement loans and Local community advancement investments that reward or serve the ability-dependent evaluation place for all big depository institutions in comparison with deposits located in the power-primarily based assessment spot for all substantial depository institutions, calculated pursuant to paragraph II.b of appendix B to this section.
When implementing effectiveness tests and strategic options pursuant to paragraph (a) of the portion, and when determining regardless of whether to approve a strategic approach pursuant to § 228.
usually means a company, aside from a farm, that experienced gross yearly revenues for its preceding fiscal yr of $5 million or significantly less.
suggests retail fiscal companies provided by a financial institution to customers, little enterprises, or modest farms and contain a financial institution's methods for delivering retail financial services.
signifies the time period, usually in calendar yrs, all through which a bank done the things to do which the Board evaluates in the CRA examination, in accordance With all the Board's recommendations and methods.
A financial institution that features modified or supplemental overall click here performance evaluation factors with accompanying once-a-year measurable objectives in its strategy should specify in its strategy once-a-year measurable targets that constitute “Satisfactory” functionality and will specify once-a-year measurable aims that constitute “Exceptional” efficiency.
Pursuant to § 228.21, the Community Growth Funding Test evaluates the financial institution's history of helping to satisfy the credit rating needs of its total Group via Neighborhood progress loans and community advancement investments (
(B) The Nationwide Asset-Primarily based Community Advancement Financial commitment Benchmark actions the dollar quantity of Local community growth investments that reward or serve all or part of the nationwide area, excluding mortgage-backed securities, of all depository establishments that had belongings larger than $10 billion as of December 31 in both of your prior two calendar decades, compared to belongings for anyone depository establishments, calculated pursuant to paragraph III.e of appendix B to this portion.
A financial institution might specify alternate weights for averaging exam general performance across evaluation spots or other geographic areas. These alternate weights should be based upon the bank's potential and community demands and possibilities in distinct geographic spots.
When the Board approves the designation, it remains in outcome right up until the bank requests revocation with the designation or right up until 1 calendar year after the Board notifies a confined function lender that the Board has revoked the designation over the Board's very own initiative.
The Lender Point out Group Advancement Financing Metric measures the dollar volume of the financial institution's Group enhancement loans and Group enhancement investments that benefit or provide all or Portion of a Condition compared to deposits inside the lender that are located in the State, calculated pursuant to paragraph II.d of appendix B to this section.
(5) Knowledge and knowledge furnished by the lender regarding the bank's enterprise approach and products choices;