228 loan - An Overview
228 loan - An Overview
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A financial institution may possibly get ready only one plan or separate designs for its facility-based assessment spots, retail lending assessment locations, exterior retail lending location, or other geographic parts that might be evaluated within the absence of an permitted approach.
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Except for a small bank that opts to generally be evaluated pursuant to the Retail Lending Check in § 228.22, the Board assigns conclusions with the efficiency of a small lender evaluated below this portion as offered in appendix E to this portion.
To create supporting conclusions for geographic distributions of closed-conclusion dwelling mortgage loans, little company loans, and compact farm loans, the Board evaluates the lender's general performance by evaluating the Geographic Financial institution Metric to overall performance ranges, depending on the Geographic Current market Benchmark, the Geographic Community Benchmark, and multipliers, as explained in paragraphs V.b and V.c of appendix A to this section.
The Board considers the utilization of a bank's deposit goods attentive to the wants of very low- and moderate-revenue people, households, or households dependant on the subsequent data:
(1) Establishes the framework and standards by which the Board assesses a bank's document of responding on the credit history requirements of its total Group, which include small- and moderate-earnings neighborhoods, per the Safe and sound and seem Procedure with the financial institution; and
suggests a lender, excluding a lender designated as a restricted goal financial institution pursuant to § 228.26, that had property of fewer than $600 million as of December 31 in possibly with the prior two calendar yrs. The Board adjusts and publishes the greenback figure Within this definition each year determined by the 12 months-to-yr alter in the typical of The patron Rate Index for Urban Wage Earners and Clerical Workers, not seasonally altered, for each twelve-month interval ending in November, with rounding to the nearest million.
These disclosure statements point out the amount and dollar quantity of all modest small business loans and smaller farm loans originated or purchased for every census tract plus the amount and dollar amount of all Neighborhood advancement loans and Group development investments for each county by reporting financial institutions, other than which the Board may well modify the shape of your disclosure if essential, as a result of special conditions, to protect the privacy of the borrower or maybe the aggressive posture of a lender.
The restricted intent financial institution's Local community enhancement financing performance in all of its facility-primarily based assessment locations; and
) The selection of retail banking services and retail banking goods available by digital shipping techniques and also other shipping methods; and
For each of the large bank's facility-based evaluation spots, and as relevant, its retail lending evaluation regions, the Board publishes within the Board's Web site:
The Board evaluates a restricted reason bank's community advancement financing efficiency in a very facility-primarily based evaluation spot and assigns a conclusion in the facility-based evaluation location determined by the Board's:
A lender will have to keep a community file, in either paper check here or digital format, that features the subsequent facts:
(i) The whole lot of an individual MSA (using the MSA boundaries that were in impact as of January 1 of the calendar yr wherein the delineation applies), excluding any counties In the substantial bank's facility-primarily based evaluation regions; or