There are filing requirements for Public Welfare Investments that qualify under the Investment Test for CRA. Here's an excerpt from the OCC's website on them: An eligible bank may make most 12 CFR 24 investments without prior notification to, or approval by the OCC if the bank follows the after-the-fact notice procedures described under section 24.5(a). Generally, if an investment meets the public welfare, limited liability, and investment limit requirements, an eligible bank may make the investment and notify the OCC within 10 days after making the investment.
Sorry, I misspoke on the other; for the purposes of CRA, we are regulated and examined by the FDIC as a large institution, but we are listed as a Federal Reserve Nonmember Bank for our charter class.
My question is - are we still required to file these notices for PWIs to the OCC?