) Neighborhood progress loan or community enhancement expenditure detail, which include the particular style of financing and type of entity supported (
means a bank that's not from the business of extending closed-conclude dwelling mortgage loan loans, smaller company loans, modest farm loans, or vehicle loans evaluated underneath § 228.
(ii) To amass possession or control of shares or all or significantly every one of the property of the lender, to bring about a lender to become a subsidiary of the bank Keeping corporation, or to merge or consolidate a financial institution holding business with another financial institution Keeping enterprise in the transaction that requires approval less than portion three with the Financial institution Holding Business Act (12 U.S.C. 1842);
(B) Besides as delivered in § 228.51(e), a sizable lender having a combined total of ten or more facility-primarily based evaluation areas and retail lending assessment places in almost any Condition or multistate MSA, as relevant, or for the establishment may not get a rating of “Satisfactory” or “Superb” in that State or multistate MSA, as applicable, or to the establishment, Except the bank receives an All round summary of at the very least “Very low Satisfactory” in sixty per cent or more of the total variety of its facility-based assessment locations and retail lending assessment spots in that Point out or multistate MSA, as applicable, or for that institution.
(four) Are available to people at a workplace where by the vast majority of employees are low- or moderate-earnings, based on U.S. Bureau of Labor Figures info for the typical wage for employees in that exact occupation or market;
To build supporting conclusions for borrower distributions of shut-close residence more info mortgage loans, tiny business enterprise loans, and little farm loans, the Board evaluates the financial institution's effectiveness by comparing the Borrower Bank Metric to functionality ranges, dependant on the Borrower Marketplace Benchmark, Borrower Neighborhood Benchmark, and multipliers, as described in paragraphs V.d and V.e of appendix A to this section.
signifies a lender's loans in one of the next, individual groups in a selected Retail Lending Check Area:
Revitalization or stabilization comprises actions that aid revitalization or stabilization of focused census tracts, together with adaptive reuse of vacant or blighted buildings, brownfield redevelopment, guidance of a prepare for a company improvement district or most important street method, or every other action that supports revitalization or stabilization, Which:
(5) A listing of retail banking solutions (like several hours of Procedure, available loan and deposit items, and transaction expenses) frequently provided on the financial institution's branches and descriptions of fabric discrepancies in The provision or expense of services at specific branches, if any.
A financial institution may submit supplemental data into the Board with a confidential foundation, however the aims stated in the prepare must be sufficiently precise to enable the public plus the Board to judge the merits with the plan.
(A) For each of a bank's facility-primarily based assessment regions within an MSA, the MSA Nationwide Community Advancement Financing Benchmark measures the dollar volume of community improvement loans and Group improvement investments that benefit or serve MSAs during the nationwide region for all massive depository establishments in comparison to deposits located in the MSAs from the nationwide space for all significant depository establishments.
(B) For giant banking companies that experienced belongings under or equivalent to $10 billion as of December 31 in either with the prior two calendar a long time, the Board considers a financial institution's deposit products only on the financial institution's possibility.
(iii) A bank that features more general performance analysis elements with accompanying once-a-year measurable aims in its prepare need to specify the geographic locations where by All those elements and plans implement.
(three) The lender may well not declare Local community progress loans or Group enhancement investments accounting for more than its percentage share (according to the level of its participation or expense) of the entire loans or investments made by the consortium or third party.