3. The performance threshold for the “Low Satisfactory” supporting conclusion may be the lesser of both:
(four) The selection and greenback volume of community enhancement loans and community advancement investments claimed as originated or purchased inside each facility-centered evaluation region, Just about every Point out in which the bank includes a branch, Each and every multistate MSA in which a lender has a department in two or maybe more States with the multistate MSA, and nationwide place outside of these States and multistate MSAs.
Pursuant to § 228.eighteen(a)(two), the Board evaluates the geographic and borrower distributions of the foremost merchandise traces of the intermediate financial institution, or a small lender that opts to be evaluated underneath the Retail Lending Examination, inside the bank's outside retail lending space if both:
) Local community growth loan or Local community progress financial commitment depth, for example the specific style of financing and sort of entity supported (
(iii) A financial institution that features more performance analysis parts with accompanying annual measurable targets in its strategy should specify the geographic places in which Individuals elements and goals utilize.
) of the portion in the identical calendar 12 months, of the Local community progress loan refinanced or renewed within a calendar year subsequent into the calendar year of origination or purchase, as of December 31 from the calendar year for yearly that the loan continues to be around the lender's harmony sheet; or an current Local community progress investment renewed in a very calendar year subsequent into the year the investment was made as of December 31 for every year that the investment stays around the bank's harmony sheet.
The Board or its appointed agent, prepares every year, for every MSA or metropolitan division (together with an MSA or metropolitan division that crosses a State boundary) plus the check here nonmetropolitan part of Every single Condition, an aggregate disclosure assertion of described modest company lending, little farm lending, Neighborhood improvement lending, and Group improvement investments by all depository institutions topic to reporting below this element or 12 CFR component 25 or 345.
A bank ought to specify in its program how all components of the strategy included in paragraphs (g)(1) through (5) of the segment, at the side of any other relevant performance assessments not included in an permitted strategic program, ought to be deemed to assign:
suggests a closed-stop household house loan loan or an open up-close house house loan loan as these phrases are outlined During this section.
. The lender will have to include the penned notice in the general public file within just 3 organization days right after receiving notification within the FFIEC of The provision on the disclosure statement.
The Board evaluates a constrained objective lender's Local community growth financing performance in the nationwide place, pursuant to § 228.19, and assigns a conclusion with the institution according to the Board's thing to consider of the following two factors:
(B) A lender other than a considerable lender might incorporate a Group development providers part and accompanying yearly measurable plans in its program.
(i) Impedes its capacity to complete at a satisfactory level underneath the system, for instance economical constraints because of sizeable gatherings that impression the regional or national economic climate; or
(3) Advantages or serves a number of geographic locations with reduced amounts of community enhancement financing;