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OCC Bulletin 2014-16
April 18, 2014
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Chief Executive Officers and Compliance Officers of All National Banks, Federal Savings Associations, Federal Branches and Agencies, Department and Division Heads, All Examining Personnel, and Other Interested Parties
The federal financial institution regulatory agencies with responsibility for Community Reinvestment Act (CRA) rulemaking today published interagency "Large Institution CRA Examination Procedures." These procedures are issued jointly by the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation, and Board of Governors of the Federal Reserve System. They are posted on the Federal Financial Institutions Examination Council's (FFIEC) Website. The new procedures reflect revisions to the "Interagency Questions and Answers Regarding Community Reinvestment" ("Questions and Answers") issued on November 15, 2013.
The examination procedures were updated to provide guidance for
These procedures rescind and replace:
The interagency "Large Institution CRA Examination Procedures" contains guidance and examination procedures applicable to institutions with total assets greater than $1.202 billion as of December 31 of either of the previous two calendar years. Please see OCC News Release 2013-194 for more details. Small and intermediate small banks under OCC supervision may also be examined under these large bank procedures at each bank's option.
Please visit the FFIEC Website for more information on the CRA, including the "Questions and Answers" and the federal financial institution regulatory agencies' CRA regulations.
Grovetta N. Gardineer
Deputy Comptroller for Compliance Policy