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OCC Bulletin 2014-16 | April 18, 2014

Community Reinvestment Act: Interagency Community Reinvestment Act Examination Procedures for Large Institutions

To

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

Summary

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.

Highlights

The examination procedures were updated to provide guidance for

  • evaluating community development activities in the broader statewide or regional area that includes an institution's assessment area.
  • considering investments in nationwide funds.

These procedures rescind and replace:

  • "Large Institution CRA Examination Procedures," published in OCC Bulletin 2006-17.
  • Office of Thrift Supervision (OTS), "CRA Examination Procedures for Large Retail Savings Associations," contained in the OTS Examination Handbook.

Note for Community Banks

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.

Further Information

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

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