Disaster preparedness and climate resiliency activities support people and communities to arrange for, adapt to, and withstand pure disasters or climate-relevant dangers or disasters. Disaster preparedness and climate resiliency things to do gain or provide targeted census tracts and:
In considering CRA performance within an application explained in paragraph (a) of this section, the Board usually takes under consideration any views expressed by fascinated parties which can be submitted in accordance Along with the Board's Rules of Process set forth in twelve CFR part 262.
(one) Thought of the dollar quantity from the restricted intent financial institution's Local community enhancement loans and Neighborhood enhancement investments that reward or serve the power-based evaluation location; and
A. The dollar volume of all Group progress loans originated or bought and Local community development investments designed, such as legally binding commitments to extend credit history or legally binding commitments to take a position,[one] in that calendar calendar year;
(2) A nonmetropolitan Center-income census tract is designated as underserved if it satisfies the criteria for inhabitants sizing, density, and dispersion that suggest the region's inhabitants is adequately tiny, skinny, and distant from a populace Centre that the census tract is probably going to obtain issue funding the mounted fees of meeting essential Group requires.
(E) The bank fails to offer details requested by the Board that may be necessary for the Board to generate an educated final decision.
The Board might take into account a bank's Local community improvement loans, community enhancement investments, and Group growth companies presented outside of its facility-dependent assessment spots, as furnished In this particular component.
(1) A nonmetropolitan middle-revenue census tract is selected as distressed whether it is inside a county that fulfills one or more of the next requirements:
[2] Within the absence of distinct documentation, the Board will allocate a Group improvement loan or community improvement financial investment according to the geographic scope on the loan or financial investment as follows:
The inclusion of an affiliate's loans, investments, providers, and goods inside a bank's program, or in the joint program of affiliated depository establishments, is topic to the subsequent:
The Board considers the weighted common on the overall performance scores similar to the bank's Community Progress Companies Exam conclusions for its facility-based mostly evaluation areas in a Point read more out, multistate MSA, or the institution pursuant to area IV of appendix B to this part.
The Board evaluates a financial institution's community development providers effectiveness in a facility-primarily based assessment location and assigns a summary for the facility-primarily based assessment place, by contemplating a number of of the next:
iii. To the borrower distribution normal of each and every significant product or service line, the weighting assigned to every class of specified borrowers relies to the demographics of your Retail Lending Exam Place as outlined in the subsequent desk:
A financial institution need to delineate one or more facility-based evaluation places inside of which the Board evaluates the bank's report of helping to meet the credit history demands of its complete community pursuant into the effectiveness exams and strategic plan described in § 228.21.