The FDIC today issued its monthly list of state nonmember banks recently
evaluated for compliance with the Community Reinvestment Act (CRA).
The list covers evaluation ratings that became available in April 1999.
The CRA 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. As part of
the Financial Institutions Reform, Recovery, and Enforcement Act of
1989 (FIRREA), Congress mandated the public disclosure of an evaluation
and rating for each bank or thrift that undergoes a CRA examination
on or after July 1, 1990.
A consolidated list of all state nonmember banks whose evaluations
have been made publicly available since July 1, 1990, including the
rating for each bank, can be obtained from the FDIC's Public Information
Center, located at 801 17th Street, NW, Room 100, Washington, DC 20434
(800-276-6003 or (703) 562-2200).
A copy of an individual bank's CRA evaluation is available directly
from the bank, which is required by law to make the material available
upon request, or from the FDIC's Public Information Center.
Attachment: April 1999 List of Banks Examined for CRA Compliance
