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#2267796 - 03/16/22 08:41 PM Reportability of City/Municipality Loans
Stefanee Offline
New Poster
Joined: Aug 2021
Posts: 5
Are non real estate loans made to cities and municipalities exempt from CRA reporting?

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CRA
#2267822 - 03/17/22 03:23 PM Re: Reportability of City/Municipality Loans Stefanee
Len S Online
Diamond Poster
Joined: Oct 2004
Posts: 1,915
Connecticut
The only loans subject to CRA are loans reported on the Call Report items 1e (nonfarm, nonresidential real estate) and 4a (C&I) loans. If your bank engages in substantial lending activity of another type such as automobile lending then examiners may include that in the PE. Also, if you are an ISB or larger you would report community development loans. Loans to municipalities are not included in the items I cited above. However, in rare circumstances, they might be considered as CD loans (such as revitalization of low or moderate-income communities.
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