The FDIC has issued the public list of its institutions to be examined under regulations implementing the Community Reinvestment Act (CRA). The list covers the fourth quarter of 1997.

In May 1995, the Federal bank and thrift regulators published revised CRA regulations that require each regulator to publish a quarterly CRA examination schedule at least 30 days before the beginning of each quarter, beginning January 1, 1996.

The regulators encourage public comment on the institutions to be examined under the CRA. Comments about FDIC-supervised institutions should be directed to the institutions themselves or to the Regional Director of the appropriate FDIC regional office (a list of those locations (7kb PDF file - PDF Help or hard copy) is attached.

All public comments received prior to completion of a CRA examination will be considered.

The schedule of institutions to be examined October 1, 1997, through December 31, 1997, is based on the best information now available. Examination schedules may change. For example, unanticipated supervisory issues could arise that may necessitate examination of an institution that is not on the published list. Such issues may arise as the result of a CRA protest, a consumer complaint, or other significant events. Additionally, some institutions may require more time and resources than originally allotted, thus delaying completion of an examination and delaying other scheduled examinations. If an institution is rescheduled for a different quarter, that information will be included on a later list.

To receive today's quarterly list if not available as an attachment, or to be added to a mailing list for future press releases, call (703) 562-2200 or (800) 276-6003, fax a request to (703) 562-2296, or write:

FDIC
Office of Corporate Communications
Public Information Center
801 17th Street, N.W., Room 100
Washington, D.C. 20434
(e-mail: publicinfo@fdic.gov)

The quarterly list is also available on the Internet.

The Community Reinvestment Act is a 1977 law intended to encourage insured banks and thrifts to meet local credit needs, including those of low- and moderate-income neighborhoods, consistent with safe and sound operations.

FDIC press releases and other information, including today's quarterly listing, are available on the Internet via the World Wide Web at:

http://www.fdic.gov/news/index.html