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#170664 - 03/17/04 08:47 PM Reporting After a Merger
Anonymous
Unregistered

If two CRA reporting institutions merge, doesn't the resulting bank have the option to file combined or seperate CRA data? I can't find this in the regulation. Can anyone help?

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CRA
#170665 - 03/17/04 08:57 PM Re: Reporting After a Merger
KK Offline
100 Club
KK
Joined: Jan 2002
Posts: 249
Southern California
The answer is in the Guide to CRA Data Collection and Reporting January 2001 page 6.
"The surviving institution may file either a consolidated submission or separate submissions for the year of the merger but must file a consolidated report for subsequent years."

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#170666 - 03/17/04 09:05 PM Re: Reporting After a Merger
Anonymous
Unregistered

It's also in the CRA Q&A's _.42-5.

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