The FDIC has issued the public list of its institutions to be
examined under regulations implementing the Community
Reinvestment Act (CRA). The list covers the fourth quarter of
In May 1995, the Federal bank and thrift regulators
published revised CRA regulations that require each regulator to
publish a quarterly CRA examination schedule at least 30 days
before the beginning of each quarter, beginning January 1, 1996.
The regulators encourage public comment on the
institutions to be examined under the CRA. Comments about
FDIC-supervised institutions should be directed to the institutions
themselves or to the Regional Manager of the appropriate FDIC
regional office (a list of those locations is attached). All public
comments received prior to completion of a CRA examination will
The schedule of institutions to be examined between
October 1, 1996, and December 31, 1996, is based on the best
information now available. Examination schedules may change;
unanticipated complex issues could arise, for example, that require
more time and resources than originally allotted, thus delaying
completion of an examination and delaying other scheduled
examinations. If an institution is rescheduled for a different quarter,
that information will be included on a later list.
To receive today's quarterly list if not available as an attachment, or
to be added to a mailing list for future press releases, call
(703) 562-2200, fax a request to (703) 562-2296, or write:
Office of Corporate Communications
Public Information Center
801 17th Street, N.W., Room 100
Washington, D.C. 20434
The quarterly list is also available on the Internet.
The Community Reinvestment Act is a 1977 law intended to
encourage insured banks and thrifts to meet local credit needs,
including those of low- and moderate-income neighborhoods,
consistent with safe and sound operations.
# # #
Congress created the Federal Deposit Insurance Corporation in
1933 to restore public confidence in the nation's banking system.
The FDIC insures deposits at the nation's 12,000 banks and savings
associations and it promotes the safety and soundness of these
institutions by identifying, monitoring and addressing risks to which
they are exposed.
FDIC press releases and other information, including today's
quarterly listing, are available on the Internet via the World Wide
Web at www.fdic.gov or through Gopher at gopher.fdic.gov. They
may also be obtained through the FDIC's Public Information Center
at 801 17th Street, NW, Room 100, Washington, DC, (703) 562-2200.