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CRA Public File: One per branch?

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Question: 
We have a difference of opinion at our bank regarding the CRA public file. Should each branch have its own public file or just the main office?
Answer: 

See Section __.43(c)
A bank shall make available to the public for inspection upon request and at no cost the information required in this section as follows:
1. At the main office and, if an interstate bank, at one branch office in each state, all information in the public file; and
2. At each branch:
a) A copy of the public section of the bank’s most recent CRA Performance Evaluation and a list of services provided by the branch; and
b) Within five calendar days of the request, all the information in the public files relating to the assessment area in which the branch is located.

Some banks are putting the CRA public file on the intranet so that it can be easily amended and retained.

First published on BankersOnline.com 8/4/03

First published on 08/04/2003

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