Final Interagency Questions and Answers Regarding Community Reinvestment

Skip to main content

An official website of the United States Government Official websites use .gov A .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPS A lock ( ) or https:// means you've safely connected to the .gov website. Share sensitive information only on official, secure websites.

Sections

Search

Search Submit Button

Consumer Affairs Letters

Share

?body=https://www.federalreserve.gov/supervisionreg/caletters/caltr1605.htm&subject=CA 16-5

PDF

RSS

CA 16-5: Final Interagency Questions and Answers Regarding Community Reinvestment

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C. 20551

DIVISION OF CONSUMER AND COMMUNITY AFFAIRS

CA 16-5

July 15, 2016

TO THE OFFICERS AND MANAGERS IN CHARGE OF CONSUMER AFFAIRS SECTIONS

SUBJECT:

Final Interagency Questions and Answers Regarding Community Reinvestment

Applicability to Community Banking Organizations: This guidance applies to all institutions supervised by the Federal Reserve, including institutions with total consolidated assets of $10 billion or less.

The Federal Reserve, along with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, published final revisions to “Interagency Questions and Answers Regarding Community Reinvestment” (Interagency Qs and As) today. The Interagency Qs and As provide guidance on the Community Reinvestment Act regulations for use by agency supervisory staff, examiners, financial institutions, and the public. The 2016 Interagency Qs and As supersedes the 2010 Interagency Qs and As and the 2013 Interagency Qs and As distributed under CA 13-18 and CA 10-2.

The revisions to the Interagency Qs and As address several community development related issues, including economic development, community development loans and activities that are considered to revitalize or stabilize underserved nonmetropolitan middle-income geographies, the availability and effectiveness of retail banking services, community development services, innovative or flexible lending practices, and general guidance on responsiveness and innovativeness. In addition, technical corrections reflecting changes in the financial regulatory landscape over the last several years have been made. The document can be found at http://www.ffiec.gov/cra .

Questions on this letter and the Interagency Qs and As should be directed to Cathy Gates, Senior Project Manager, at 202-452-2099; or Theresa Stark, Senior Project Manager, at (202) 452-2302 in the Division of Consumer and Community Affairs. In addition, questions may be sent via the Board’s public website. [1]

signed by Suzanne Killian Senior Associate Director Division of Consumer and Community Affairs

Supersedes:

CA 13-18 “Final Revisions to Interagency Questions and Answers Regarding Community Reinvestment” (November 15, 2013) and CA 10-2 “Revised Interagency Questions and Answers on Community Reinvestment” (March 11, 2010)

Attachments:

Press Release and Federal Register Notice for Interagency Questions and Answers Regarding Community Reinvestment

Notes:

[1] See http://www.federalreserve.gov/apps/contactus/feedback.aspx .

Back to Top

Last Update:

April 20, 2017