About 228 loan
About 228 loan
Blog Article
The Board evaluations the effects and responsiveness from the financial institution's Local community development loans and Group development investments that benefit or provide the nationwide region, as presented in § 228.15.
When applying general performance tests and strategic designs pursuant to paragraph (a) of this part, and when figuring out whether to approve a strategic system pursuant to § 228.
The Board considers Local community progress loans and Group improvement investments allocated pursuant to paragraph I.b of appendix B to this portion.
Aspects regarded in assessing the influence and responsiveness of the lender's Neighborhood advancement loans, community development investments, and Group progress expert services include things like, but are certainly not limited to, whether or not the Local community improvement loan, Group progress financial commitment, or Neighborhood development company:
The Board considers data supplied by the bank and could consider publicly available information and knowledge supplied by government or Neighborhood resources that demonstrates that a Local community improvement service Gains or serves a facility-dependent assessment place, Condition, or multistate MSA, or even the nationwide space.
(i) A lender may well include performance analysis elements and accompanying once-a-year measurable targets For added geographic places but may well not do away with the evaluation of its effectiveness in almost any geographic location that may be included in its efficiency analysis in the absence of an accredited approach.
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(iv) The Local community growth providers needs of its facility-centered assessment spots served because of the bank which can be read more included with the strategy.
The Board assigns conclusions for your efficiency of a lender running underneath a strategic prepare pursuant to § 228.
(A) For each of the lender's facility-based assessment areas within an MSA, the MSA Nationwide Community Advancement Financing Benchmark measures the greenback volume of Neighborhood advancement loans and Local community progress investments that gain or provide MSAs while in the nationwide spot for all massive depository institutions in comparison with deposits located in the MSAs in the nationwide space for all substantial depository institutions.
Any facility-based evaluation location, retail lending evaluation region, exterior retail lending region, or other geographic place that will be evaluated during the absence of an permitted strategy, but will not be included in an authorised program, will probably be evaluated pursuant to your efficiency assessments that would use from the absence of the authorized prepare.
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(B) The extent to which the program has adequately justified the necessity for a prepare and each facet of the approach as necessary in paragraph (d) of this portion.