- The federal banking and thrift agencies have adopted the attached final Interagency Questions and Answers Regarding Community Reinvestment, which interpret the agencies' CRA regulations. The final Questions and Answers include nine new questions and answers and substantive changes to 14 existing questions and answers proposed in 2007.
- The new and revised Questions and Answers encourage financial institutions to participate in foreclosure prevention programs with the objective of providing affordable, sustainable, long-term loan restructurings or modifications for homeowners facing foreclosure on their primary residences.
- The Questions and Answers also address activities undertaken by a majority-owned financial institution in cooperation with a minority- or women-owned financial institution or a low-income credit union.
- The Questions and Answers consolidate and supersede all previously published CRA Interagency Questions and Answers.
- The agencies also have proposed for comment one new and two revised questions and answers.
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officers
Community Reinvestment Act
PR-3-2009, Joint Release/Issuance of Final Interagency
Questions and Answers on Community Reinvestment
Community Reinvestment Act: Interagency Questions and
Answers Regarding Community Reinvestment - Notice and
Request for Comment - PDF (PDF Help)
Deirdre Foley, Senior Policy Analyst, Compliance Policy
Section, email@example.com or (202) 898-6612; or Susan van
den Toorn, Counsel, firstname.lastname@example.org or (202) 898-
FIL-6-2009 - PDF (PDF Help)
FDIC financial institution letters (FILs) may be accessed from
the FDIC's Web site at
To receive FILs electronically, please visit
Paper copies of FDIC financial institution letters may be
obtained through the FDIC's Public Information Center, 3501
Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342