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(B) The Board evaluates the smaller bank for that analysis time period preceding the bank's up coming CRA examination pursuant to your Retail Lending Exam in § 228.22 and continues evaluations below this functionality check for subsequent analysis durations until the financial institution opts out.
(ix) An indicator for if the loan was to a business or farm with gross annual revenues increased than $1 million; and
The Board makes use of the facility-centered evaluation regions delineated by a bank in its analysis of the lender's CRA functionality unless the Board establishes that the ability-primarily based evaluation spots never comply with the necessities of the area.
Just before publishing a draft decide to the Board for approval pursuant to paragraph (h) of this section, a bank have to:
A sizable financial institution ought to accumulate and preserve in electronic type, as prescribed through the Board, right until the completion on the financial institution's following CRA examination during which the info are evaluated, the next information for every small small business loan or smaller farm loan originated or ordered with the financial institution over the analysis time period:
In assigning Retail Lending Exam conclusions for just a Point out pursuant to § 228.22(h), the Board isn't going to contemplate a financial institution's routines to be from the Point out if These things to do take place within a retail lending evaluation place consisting of counties in more than one State.
The financial institution need to submit its draft plan to the Board a minimum of ninety days prior to the proposed successful day with the prepare. The financial institution have to also submit with its draft system:
To get a designation as being a constrained purpose bank, a bank need to file a published ask for With all the Board a minimum of 90 times prior to the proposed productive day of the designation.
) Any rise in the calendar 12 months to an present community growth loan that is definitely refinanced or renewed or to an more info present Group progress investment that may be renewed;
(iii) The financial institution's file of lending to and, as proper, partaking in other retail and Neighborhood enhancement lending-related actions for borrowers of various profits concentrations and organizations and farms of different sizes;
(i) The whole lot of one MSA (using the MSA boundaries that were in outcome as of January 1 of your calendar yr in which the delineation applies), excluding any counties inside the significant bank's facility-dependent evaluation regions; or