Rescission of Community Reinvestment Act Policy Statement
The FDIC Board of Directors has rescinded the 1991 Community Reinvestment Act (CRA)
Policy Statement on Analyses of Geographic Distribution of Lending. The rescission, which
took effect on April 5, 1999, is part of the Corporations systematic review of its
regulations and written policies under the Riegle Community Development and Regulatory
Improvement Act of 1994.
The policy statement became obsolete in 1995 when
Part 345 of the FDICs rules and regulations (Community Reinvestment) was amended.
The policy statement specifically addressed two of the 12 assessment factors in the 1978
CRA regulations. The 12 factors were replaced in 1995 with a more performance-based
evaluation process to assess a banks record in meeting the credit needs of its
community, including low- and moderate-income neighborhoods.
The rescission of the policy statement does not reflect any substantive change in the
FDICs supervisory view toward insured state nonmember banks compliance with
the CRA and Part 345.
The policy statement rescission is explained further in the attached Federal
For more information, please contact Louise Kotoshirodo, Review Examiner in the
Division of Compliance and Consumer Affairs, at (202) 416-2995.
Distribution: FDIC-Supervised Banks (Commercial and Savings)
NOTE: Paper copies of FDIC financial institutions letters may be obtained through the
FDICs Public Information Center, 801 17th Street, NW, Room100,
Washington, DC 20434 (800-276-6003 or (703) 562-2200).