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Home > News & Events > Inactive Financial
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Inactive Financial Institution Letters |
FIL-56-99 |
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In response to questions from the banking industry, the Federal Financial Institutions Examination Council (FFIEC) published the attached "Interagency Questions and Answers Regarding Community Reinvestment" (Q&As)on May 3, 1999, in the Federal Register. The document also is available on the FFIEC's Web site at: http://www.ffiec.gov/cra/qnadoc.htm. These interagency Q&As have been prepared by the staff of the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision for agency personnel, financial institutions and the public. This version supplements and amends the Q&As published by the FFIEC on October 6, 1997. As with the prior version of the Q&As, this document incorporates all previously issued questions and answers that are still in effect. The Q&As
adopt four questions and answers proposed in the October 1997
publication regarding loans, investments, or services that have a "primary
purpose" of community development. In addition, the document includes 13 new, seven
revised, and three proposed questions and answers. These questions and answers, except for
the three new proposals, became effective on May 3, 1999. The three proposed questions and
answers address the following issues: We invite public comment on the three proposed questions and answers, any of the new
and revised questions and answers, and any other community reinvestment issues not
addressed in the document. Comments on the proposed questions and answers should be
submitted by July 2, 1999. Written comments should be sent to Keith Todd, Executive
Secretary, FFIEC, 2000 K Street NW, Suite 310, Washington, DC 20006, or by facsimile
transmission to (202) 872-7501. For additional information, please contact Robert W. Mooney, Senior Fair Lending
Specialist in the FDIC's Division of Compliance and Consumer Affairs, on (202) 942-3378;
or A. Ann Johnson, Counsel in the FDIC's Legal Division, on (202) 898-3573. You also may
contact your FDIC Division of Compliance and Consumer Affairs Regional Office on the
attached list. Stephen M. Cross Attachments: Federal Register notice, Vol. 64, No. 84, pages 23618-23648 Distribution: FDIC-Supervised Banks (Commercial and Savings) NOTE: Paper copies of FDIC financial institutions letters may be obtained through the
FDIC's Public Information Center, 801 17th Street, NW, Room100, Washington, DC
20434 (800-276-6003 or (703) 562-2200). |
Last Updated 07/17/1999 | communications@fdic.gov |