Skip to content
BOL Conferences
Thread Options Tools
#3197 - 07/24/01 05:06 PM CRA Exam Schedules
Jan94 Offline
Platinum Poster
Joined: Mar 2001
Posts: 828
USA
Can someone give me the reference where it explains when banks can be examined for CRA based on their rating (i.e. banks with a satisfactory may be examined every 18 months etc.)? I know I have read it, but can't put my hands on it. I couldn't find it in the FDIC exam procedures. Thank you.

Return to Top
General Discussion
#3198 - 07/24/01 07:45 PM Re: CRA Exam Schedules
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,223
Galveston, TX
For small banks, it's found in GLB:

> > SEC. 809. SMALL BANK REGULATORY RELIEF.
(a) IN GENERAL- Except as provided in subsections (b) and (c), any regulated financial institution with aggregate assets of not more than $250,000,000 shall be subject to routine examination under this title--
(1) not more than once every 60 months for an institution that has achieved a rating of `outstanding record of meeting community credit needs' at its most recent examination under section 804;
(2) not more than once every 48 months for an institution that has received a rating of `satisfactory record of meeting community credit needs' at its most recent examination under section 804;
and(3) as deemed necessary by the appropriate Federal financial supervisory agency, for an institution that has received a rating of less than `satisfactory record of meeting community credit needs' at its most recent examination under section 804.

_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#3199 - 07/24/01 08:10 PM Re: CRA Exam Schedules
Jan94 Offline
Platinum Poster
Joined: Mar 2001
Posts: 828
USA
That was it! Thanks so much.

Return to Top