Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Federal Register Publications

FDIC Federal Register Citations



Home > Regulation & Examinations > Laws & Regulations > FDIC Federal Register Citations




FDIC Federal Register Citations

NORTHWEST REGIONAL FACILITATORS

From: Brian Royer [mailto:broyer@nrf.org]
Sent: Tuesday, September 07, 2004 7:10 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

Please do not further weaken CRA definitions. “The Community Reinvestment Act is a critical component to our community’s affordable housing and community development solutions. We oppose any increase to the threshold of what is considered to be small bank. The proposed FDIC rule would exempt many of our community’s critical partners from the effective and productive requirements currently in place. We urge FDIC to withdraw its proposed rule.”

According to the National Community Reinvestment Coalition, changing the of the “small bank” definition will allow about 2,000 banks with total assets of more than $754 billion and branches in more than 18,800 communities (96% of all FDIC-regulated banks) to receive a watered-down CRA exam. Because institutions with assets of $250 million to $1 billion comprise substantial market share in rural areas, such a change will mean that many rural communities and states will not have access to any institutions required to offer services and investments that benefit low and moderate income communities. According to FDIC data, the states with no institutions with more than $1 billion in assets are: District of Columbia, Hawaii, Idaho and Wyoming. States with four or fewer such institutions are: Alaska, Arkansas, Iowa, Louisiana, Maine, Minnesota, Montana, North Dakota, New Hampshire, Oregon, South Dakota, Vermont and West Virginia. Please do not in any way lessen the role of the Federal Reserve Board and the Office of the Comptroller of the Currency, which have thus far kept their commitment to the CRA tol join the FDIC and the Office of Thrift Supervision (OTS) in significantly scaling back the CRA. In July, OTS raised its small bank threshold and the Fed and OCC withdrew their proposal to do so, deferring instead to Congress for any CRA-related changes.

Brian Royer
Business Development Manager
NRF Northwest Regional Facilitators
315 West Mission Avenue Suite 100
509-484-6733 Extension 119
Fax 509-483-0345
broyer@nrf.org
www/nrf.org
"Building Partnerships to help non-profits grow and fulfill their mission"

Last Updated 09/08/2004 regs@fdic.gov

Last Updated: August 4, 2024