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The Office of the Comptroller of the Currency each quarter releases a list of national banks to be examined for compliance with the Community Reinvestment Act (CRA) in the next calendar quarter. This announcement allows interested parties to file public comments about the banks' performance under the CRA. All public comments received before the close of the CRA examination will be considered by the OCC in its evaluation. Comments should be filed with the subject bank or with the appropriate OCC supervisory office.
You can search the CRA Database for a bank's CRA evaluations and ratings.
OCC publishes an advance notice of CRA evaluations coming due each quarter.
In accordance with safe and sound operations, OCC—
The CRA applies to depository institutions that carry FDIC deposit insurance.
The CRA does not apply to special purpose banks (12 CFR 25.11), such as bankers banks and banks that—
OCC evaluates a financial institution's activities under CRA based on information about—
OCC uses a four-tiered rating system:
Interstate banks receive an overall rating as well as an evaluation based on their CRA performance in each state and metropolitan statistical area in which they have branches.
The CRA performance evaluation (PE) generally includes a description of the institution and its assessment area(s); its CRA rating; and the facts, data, and analyses supporting the rating.
In general, the OCC conducts a CRA examination of a national bank every three years. There is an extended examination cycle for smaller banks as follows:
* Mandated by the Gramm-Leach-Bliley Act of 1999.
No. The OCC is the federal regulator for national banks and federal savings associations. The following agencies have regulatory responsibilities for other types of financial institutions.
Regulator for state-charted banks that are members of the Federal Reserve System
Regulator for insured state banks that are not members of the Federal Reserve System