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Keeping
Up with CRA Regulation Changes
In August 2005, a joint ruling by the Federal Reserve Board of Governors, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency made several changes to the rules implementing the Community Reinvestment Act. Read more »
'New' Banker's Quick Reference Guide to CRA
The Community Development Office of the Dallas Fed has revised A Banker's Quick Reference Guide to CRA. The publication is a tool for quickly accessing information about CRA regulation and examination procedures. Read more »
Who Regulates a Certain Bank or Thrift?
Four federal agencies conduct CRA examinations and enforce CRA regulations. They are the Office of the Comptroller of the Currency, Federal Reserve Board of Governors, Federal Deposit Insurance Corp. and Office of Thrift Supervision. Read more »
News & Events
- The public portion of the CRA examination can be obtained
from the financial institution. All regulated financial institutions are
required to have a copy accessible within a least one branch in every metropolitan
area where the banks are located as well as in their corporate headquarters.
They must also keep a record of their CRA goals and activities in the file.
A financial institution's CRA rating and evaluation can also be found at the Federal Financial Institutions Examination Council's web site
.
The site's search engines will enable you to find the latest CRA ratings
of financial institutions supervised by the Office of the Comptroller of
the Currency, Federal Reserve System, Federal Deposit Insurance Corp. and
Office of Thrift Supervision.
Here are some quick and helpful tips that can make your search easier.- Start your search by entering only the most significant part of the bank's name—for example, "Citizens."
- Know the location (city and state) of the bank or thrift's headquarters or main office.
- Know the financial institution's regulator (see separate story).
- The amendments to Regulation DD (Truth in Savings) go
into effect July 1, 2006. The amendments primarily concern advertising and
disclosure requirements related to overdraft services, sometimes called "bounced-check protection" or "courtesy overdraft protection." Please
refer to District Notice 05-34
for
additional information concerning the amendments to Regulation DD or contact
Diane van Gelder, Banking Supervision, at (214) 922-6282.