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#2078042 - 05/11/16 01:28 PM CRA Investment - Unfunded Commitments
FancyMe Offline
Junior Member
Joined: Dec 2012
Posts: 45
Florida
When is it acceptable to take CRA investment credits for purchases/investments of CRA Funds or Mortgage Backed Securities?

- Date of purchase when the Bank makes the commitment, recorded in the portfolio and reported under GAP accounting? OR
- The settlement date which can be several weeks later.

Recently our Bank purchased investments which crossed over quarter ends, and want to be able to reflect the investments as of the 1st Quarter when purchased, versus 2nd Quarter when transaction was settled.

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#2161180 - 01/19/18 09:48 PM Re: CRA Investment - Unfunded Commitments FancyMe
KayMo Offline
New Poster
Joined: Aug 2016
Posts: 3
bump

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