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The Board evaluates a confined goal lender's community advancement financing general performance in Every single Condition or multistate MSA, as relevant pursuant to §§ 228.
(one) A client loan is situated from the census tract exactly where the borrower resides at enough time that the borrower submits the loan application;
The Board reviews the effect and responsiveness of a lender's Group progress loans and Local community growth investments that gain or provide a facility-based mostly assessment location, as presented in § 228.15.
(A) Combines the general performance scores for each supporting summary for every big solution line into an item line rating; and
(6) A bank's closed-end house house loan lending, smaller small business lending, compact farm lending, or vehicle lending in distressed or underserved nonmetropolitan Center-revenue census tracts the place a financial institution's nonmetropolitan facility-primarily based assessment space or nonmetropolitan retail lending evaluation spot involves only a few or no reduced- and reasonable-money census tracts; and
(B) For each of a lender's facility-centered assessment places in just a nonmetropolitan area, the Nonmetropolitan Nationwide Group Growth Financing Benchmark actions the dollar volume of Neighborhood progress loans and Group development investments that advantage or serve nonmetropolitan places from the nationwide space for all large depository establishments when compared with deposits located in nonmetropolitan more info regions while in the nationwide place for all significant depository establishments.
implies the interval, typically in calendar decades, for the duration of which a bank executed the functions which the Board evaluates inside a CRA evaluation, in accordance Using the Board's suggestions and methods.
) of this segment, the percentage of responsive deposit accounts in comparison with complete deposit accounts for annually in the evaluation period.
For every of the big financial institution's facility-primarily based evaluation spots, and as applicable, its retail lending assessment areas, the Board publishes over the Board's Web page:
(x) An indicator for if the loan was to a business or farm for which gross yearly revenues will not be regarded via the lender.
For auto loans, the Board compares a financial institution's geographic and borrower distributions into the applicable Local community benchmarks, as provided in paragraph (f) of the portion and segment VI of appendix A to this section.
The Board considers the loans, investment decision, providers, and items of a lender's functions subsidiaries beneath this component, unless an functions subsidiary is independently matter towards the CRA.