FDIC ISSUES SECOND QUARTER CRA EXAMINATION SCHEDULE
FOR IMMEDIATE RELEASE PR-10-98 (2-26-98)
Media Contact: David Barr (202) 898-6992
The FDIC has issued the publiclist of its institutions (154kb PDF file - PDF Help or hard copy) to be examined under regulations implementing the Community Reinvestment Act (CRA).
The list covers the second quarter of 1998.
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 Director 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 be considered.
All public comments received prior to completion of a CRA examination will
The schedule of institutions to be examined April 1, 1998 through
June 30, 1998, is based on the best information now available.
Examination schedules may change. For example, unanticipated supervisory
issues could arise that may necessitate examination of an institution that
is not on the published list. Such issues may arise as the result of a CRA
protest, a consumer complaint, or other significant events. Additionally,
some institutions may 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 or
(800) 276-6003, 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 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 11,337 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 at
www.fdic.gov or through the FDIC's Public
Information Center,(800-276-6003 or (703) 562-2200).