usually means any organization that controls, is controlled by, or is underneath prevalent control with Yet another firm. The time period “Command” has the meaning offered to that phrase in twelve U.
When making use of functionality assessments and strategic options pursuant to paragraph (a) of this area, and when deciding whether or not to approve a strategic system pursuant to § 228.
means, notwithstanding the definition of “little farm” On this area, a loan included in “loans to small farms” as reported in Program RC-C of the decision Report.
The Board may perhaps think about a financial institution's Local community progress loans, Group development investments, and community improvement providers presented outside of its facility-centered evaluation regions, as presented On this portion.
The Board evaluates a lender's community enhancement companies functionality in the facility-based evaluation place and assigns a conclusion for just a facility-based mostly evaluation area, by thinking of a number of of the next:
Pursuant to 12 U.S.C. 2906, the Board offers conclusions derived under this section individually for metropolitan places by which a lender maintains one or more domestic department offices and with the nonmetropolitan place of a Point out if a bank maintains a number of domestic department workplaces in this kind of nonmetropolitan spot.
The CRA which portion will not require a financial institution to originate or purchase loans or investments or to supply services that happen to be inconsistent with Secure and audio banking tactics, like underwriting benchmarks.
(ii) Any county inside a nonmetropolitan place during which the lender did not originate or invest in any closed-conclusion residence home loan loans, compact organization loans, modest farm loans, or auto loans if car loans are an item line for your lender.
The dollar volume in the constrained reason lender's community advancement loans and Local community growth investments that profit or provide the State or multistate MSA and a review on the impression and responsiveness of those loans and investments, as supplied in § 228.15.
An Modification to some strategy must adjust to all suitable necessities of this portion, Except the Board waives a website necessity as not applicable.
(B) Why it's important and correct to amend its approach during the absence of a cloth improve in circumstances.
(one) All published opinions gained from the general public for the current yr (up to date on a quarterly foundation for the prior quarter by March 31, June thirty, September 30, and December 31) and each with the prior two calendar decades that specially relate towards the lender's general performance in assisting to fulfill Group credit history requirements, and any reaction for the reviews because of the financial institution, if neither the comments nor the responses incorporate statements that mirror adversely on The nice name or standing of any folks apart from the financial institution or publication of which would violate particular provisions of law;
(B) A significant bank may perhaps modify the Retail Providers and Products Examination by eradicating a component in the take a look at.
The Board considers the loans, investment, companies, and products of a bank's operations subsidiaries below this element, Unless of course an operations subsidiary is independently issue to your CRA.