(B) The extent to which the strategy has sufficiently justified the need for the prepare and each facet of the strategy as needed in paragraph (d) of this part.
Deposit goods conscious of the demands of minimal- and reasonable-profits people, family members, or homes include things like but will not be limited to, deposit products with the subsequent varieties of attributes:
(ii) The retail banking providers and retail banking goods requirements of its facility-primarily based assessment spots and with the establishment level which are protected through the plan.
(B) For a large financial institution that experienced assets fewer than or equal $ten billion as of December 31 in possibly of your prior two calendar years and that operates no less than one particular department, the Board considers the bank's electronic delivery systems and other supply methods on the financial institution's selection.
The Board weights the bank's overall performance score with the performance checks applicable to an intermediate lender as follows:
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usually means the interval, normally in calendar years, throughout which a bank executed the pursuits that the Board evaluates in a CRA assessment, in accordance Along with the Board's tips and methods.
(two) If your members or traders decide to allocate Neighborhood advancement loans or Local community improvement investments among themselves for thing to consider less than this segment, no participant or investor may assert a loan origination, loan invest in, or investment for Group enhancement thing to consider if another participant or Trader claims exactly the same loan origination, loan purchase, or financial investment; and
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For each important product or service line, a Borrower Local community Benchmark, calculated pursuant to paragraph IV.c of appendix A to this section for facility-based evaluation locations and retail lending evaluation places, and paragraph IV.e of appendix A to this portion for outside retail lending parts.
For each key product line, a Geographic 228 loan Community Benchmark, calculated pursuant to paragraph III.c of appendix A to this aspect for facility-primarily based assessment places and retail lending evaluation areas, and paragraph III.e of appendix A to this element for out of doors retail lending spots.
The Board assessments the impression and responsiveness in the lender's Neighborhood development loans and Neighborhood enhancement investments that reward or provide a State, as delivered in § 228.15.
The Board assessments the affect and responsiveness from the financial institution's Neighborhood progress loans and Group advancement investments that gain or provide a multistate MSA, as supplied in § 228.15.
To receive a designation as being a limited intent financial institution, a bank must file a penned ask for Together with the Board at the least 90 times before the proposed effective date of the designation.