Skip to content
BOL Conferences
Thread Options
#1350146 - 02/26/10 10:28 PM Urgent - Are Call Code 1.a loans CRA reportable
lblu Offline
Gold Star
lblu
Joined: Sep 2003
Posts: 273
What circumstances, if any, would a loan classified on the call report as 1.a be reportable on the CRA Lar?

Last minute panic!!!!!!
_________________________
CRCM

Return to Top
CRA
#1350154 - 02/26/10 10:40 PM Re: Urgent - Are Call Code 1.a loans CRA reportable lblu
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
Here are the CRA Categories. Other categories would come into play if they qualified as community development.


1) Call Report Codes 1E1 or 1E2 - small business
2) Call Report Code 1B - small farm
3) Call Report Code 4A - c&i - small business
4) Call Report Code 3 - small farm
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#1350244 - 02/27/10 01:47 PM Re: Urgent - Are Call Code 1.a loans CRA reportable Kathleen O. Blanchard
lblu Offline
Gold Star
lblu
Joined: Sep 2003
Posts: 273
Thank you so much. Somehow, the code 1A0 was included on my list of reportable codes. But when I looked at the loans, I couldn't see why they would be reportable.
_________________________
CRCM

Return to Top
#1350273 - 02/28/10 04:20 AM Re: Urgent - Are Call Code 1.a loans CRA reportable lblu
Len S Offline
Diamond Poster
Joined: Oct 2004
Posts: 2,090
Connecticut
Remember that only those loans that are $1 million or less are reportable as a small business loan and those of $500 thousand or less are recognized as small farm loans.
Loans under classifications other than 1E or 4A may be reported as community development loans if they have the qualifications.
Last edited by Len S; 02/28/10 04:21 AM.
_________________________
CRA Exam Preparation, CRA Performance Evaluations, Key Performance Benchmarks, & maps

Return to Top
#1350351 - 03/01/10 02:28 PM Re: Urgent - Are Call Code 1.a loans CRA reportable Len S
lblu Offline
Gold Star
lblu
Joined: Sep 2003
Posts: 273
Thanks, Len. As I said above, it didn't make sense to me but I wanted to be absolutely sure before "hitting the send button." I appreciate both you and Kaybee for responding so quickly. Panic is now reduced and CRA Report submitted. Happy Days!
_________________________
CRCM

Return to Top