San Francisco Region Bankers' Forum:
Tips for Transitioning to Intermediate Small Bank or Large Bank CRA Procedures
Thursday, June 18, 2015
1:00 - 2:30 PM Pacific
As your institution’s assets increase, its classification and responsibilities under the Community Reinvestment Act (CRA) can change. For example, if your institution is transitioning from a small bank to an intermediate small bank (ISB) classification, your institution will be subject to a community development test, in addition to the small bank lending test.
If your institution is already an ISB and is transitioning to a large bank classification, your institution will be required to collect and report data for small business, small farm, and community development loans. Your institution will also be subject to separate tests for lending, investments, and services under large bank examination procedures.
To ensure that your institution is adequately prepared for its next CRA examination, FDIC examination staff will cover a variety of topics, including an overview of ISB and large bank CRA examination procedures, community development definitions, large bank CRA data collection, and best practices for documenting and assessing your bank’s responsiveness to the credit and community development needs of its assessment area(s).
The 45-minute presentation will be followed by a 45-minute question and answer session. To ensure participant questions are addressed, participants will have the opportunity to email their questions in advance to SFConsumerProtection@fdic.gov. Questions may also be submitted during the live broadcast.
Who Should AttendSan Francisco Region Supervised Banks: We encourage bank presidents, chief executive officers, chief risk officers, chief operating officers, general counsels, compliance officers, CRA officers, and internal auditors to attend.
Registration is closed for this event.
To allow sufficient time for all participants to be connected, we appreciate your efforts to call at least 15 minutes prior to the beginning of the teleconference, if possible.
Note: Although there is no cost to participate, we would appreciate your registration by Monday, June 15, to reserve your telephone line.
Senior Review Examiner