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Does the Community Reinvestment Act CRA Federal Reserve Federalreserve  Form

Does the Community Reinvestment Act CRA Federal Reserve Federalreserve Form

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the Federal Deposit Insurance Corporation the Federal Reserve board and the office of the controller of the currency are pleased to present this overview of new regulations implementing the community reinvestment act the community reinvestment act or CRA was adopted in 1977 and is one of several seminal laws enacted to address inequities and access to credit including the Equal Credit Opportunity Act and the Fair Housing Act the CRA is administered by the Federal Reserve board the FDIC and the OCC will simply refer to these as the agencies in this presentation the CRA requires the agencies to assess A bank's record of meeting the credit needs of their entire communities including low and moderate income communities consistent with safe and sound operations the agencies are responsible for issuing regulations on how banks are evaluated under the Community reinvestment act supplemented by supervisory Guidance the C regulations establish the framework and criteria by which the agencies as

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