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FDIC Community Development Investment Guide
The Federal Deposit Insurance Corporation (FDIC) – in our ongoing role of encouraging FDIC-supervised institutions to meet the requirements of the Community Reinvestment Act (CRA) – has produced the attached publication, FDIC Community Development Investment Guide. The guide is designed to assist banks that are considering community development investments in navigating the complex laws and regulations that may apply.
The guide explains how an insured state nonmember bank determines whether an investment is permissible and satisfies the CRA definition of “qualified investment” as a lawful investment, deposit, membership share, or grant that has community development as its primary purpose. (12 C.F.R. 345.12(s)). The guide also explains how the following four investment vehicles may satisfy the CRA definition of qualified investment:
In addition, the guide describes how the following types of investments may be structured to achieve a community development purpose:
Updates to the guide will be made only on a Web-based version located on the FDIC's Web site, www.fdic.gov .
For more information about CRA-qualified investments in your community, contact the Community Affairs Officer in your FDIC Regional or Area Office, or Elaine D. Drapeau, Community Affairs Specialist in the Division of Supervision and Consumer Protection, at 202-898-6652.
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Attachment: Community Development Investment Guide
Distribution: FDIC-Supervised Banks (Commercial and Savings)
NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC’s Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).
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