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
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.