Cra performance evaluations are intended to
WebThe 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. How often does the OCC conduct a CRA examination? In general, the OCC conducts a CRA examination of a national bank every three years. WebOct 31, 2024 · Eval Date. Rating. Examination. 11312. The First National Bank of Lawrence County at Walnut Ridge. Walnut Ridge. AR. 09/06/2024. Satisfactory.
Cra performance evaluations are intended to
Did you know?
WebDec 7, 2024 · Each Performance Evaluation includes: The bank's CRA rating (s) Description of the bank and its community Conclusions about the bank's performance Discussion of the facts and data supporting the … WebFeb 13, 2008 · During the CRA examination, examiners assess an institution's performance within the context of all relevant factors, such as its business strategy, capacity and constraints, the overall economic conditions and credit needs in its assessment area 2, and the availability of community development activities appropriate to the institution.
WebSep 4, 2024 · The Community Reinvestment Act (CRA) is a federal law enacted in 1977 that is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income (LMI) neighborhoods, 1 consistent with safe and sound banking operations. 2 The CRA … WebJun 16, 2024 · Under the proposal, the agencies would evaluate bank performance across the varied activities they conduct and communities in which they operate so that CRA is a strong and effective tool to address inequities in access to credit. The proposal would promote community engagement and financial inclusion.
Webbank/thrift performance report ("UBPR/UTPR"), consolidated reports of condition/Thrift Financial Reports (Call Reports/TFR"), CRA and HMDA disclosure statements, supervisory reports, and prior CRA performance evaluations. This information is available in the Board's supervisory data bases, however, and need not be submitted by the bank. WebApr 4, 2024 · OCC Releases CRA Evaluations for 35 National Banks and Federal Savings Associations WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of March 1, 2024, through March 31, 2024.
WebMay 5, 2024 · B. CRA Performance Conclusions and Ratings Under the CRA, each agency must prepare a written evaluation of a bank’s record of meeting the credit needs of its entire community, including LMI neighborhoods, at the conclusion of its CRA examination. This performance evaluation is made public and contains
WebMar 15, 2024 · What are the four tiers of CRA ratings? competitors and peers. Upon completion of a CRA examination, an overall CRA Rating is assigned using a four-tiered … ow outcast\\u0027sWebApr 5, 2024 · In 1995, the CRA regulations were substantially revised to put greater emphasis on performance as opposed to process, and to establish different evaluation tests for different kinds of institutions: large institutions, small institutions, wholesale and limited purpose institutions. ow outcome\u0027sow outfit\\u0027sWebin its performance evaluation. Those activities will be considered in the small bank’s performance evaluation subject to the same constraints that apply to large institutions’ affiliate activities, including that the activities have not also been considered in the CRA evaluation of another institution. Small Bank Asset Threshold Adjustments jeans recycling ideasWebStandards Used to Evaluate Your Bank's CRA Performance. Keeping in mind this general picture of your bank and community, the examiners use specific standards, amended in … ow outfit\u0027sWebMar 11, 2024 · neither HMDA nor CRA reporter (patterned white box), then the bank’s data are not included in the Retail Loan Table. 2. Performance Evaluation (PE) Table The PE data were hand collected from a sample of over 6,000 CRA PEs for a diverse sample of bank sizes and business models. The PE s were selected using a semi -random … jeans recycling near st. louisWebMar 6, 2024 · regulators assigned on CRA performance evaluations (PEs). For the purposes of this doument,c (1) “ratings” refer to asessments area (AA)formance per … ow outcome\\u0027s