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Inactive Financial Institution Letters 

Community Reinvestment Act
October 28, 1996
SUBJECT: Interagency Questions and Answers on the Revised Community Reinvestment Act Regulations

The revised Community Reinvestment Act (CRA) regulations that went into effect January 1, 1996, have prompted many questions from lenders and others. To ensure consistency in the answers being provided, the four regulatory agencies responsible for CRA enforcement have produced the attached Interagency Questions and Answers Regarding Community Reinvestment, a comprehensive CRA reference document.

The Federal Financial Institutions Examination Council published the reference document in the Federal Register on October 21, 1996, on behalf of its member banking regulatory agencies -- the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Federal Reserve System and the Office of Thrift Supervision.

The attached document answers questions that regulators have most frequently been asked about CRA implementation. Although most of the information in Interagency Questions and Answers has already been made available to the public in other documents, including the preamble to the CRA regulations, interagency staff letters and other agency guidance, this publication consolidates the information into a practical reference for financial institutions, their examiners and the public. The agencies intend to update the publication regularly, and invite public comment and new questions on CRA implementation.

For further information, please contact your Division of Compliance and Consumer Affairs Regional Office on the attached list or the FDIC personnel listed on Page 54647 of the attached Federal Register notice.

Carmen J. Sullivan


PDF Format (145 kb, PDF help or hard copy),HTML Format

Distribution: FDIC-Supervised Banks (Commercial and Savings)

Note: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. 20434 ((703) 562-2200)

Last Updated 07/13/1999

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