Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
OCC releases CRA information
On Friday, the OCC released OCC Bulletin 2021-5 to publish:
- the list that identifies a bank's Community Reinvestment Act type based on asset size or business model for 2021
- the list of the distressed and underserved areas where certain bank activities conducted in 2021 are eligible to receive CRA consideration
- the banking industry median hourly compensation value used for determining the dollar value of community development service activities during 2021
The median hourly compensation value for the banking industry to be applied to qualifying community development activities that are effective October 1, 2020, through December 31, 2021, is $39.03. Banks may round the median hourly compensation value to the nearest dollar.
The OCC will publish these two lists and the median hourly compensation value annually under its June 2020 CRA rule, which applies to national banks, federal savings associations, and federal branches of foreign banking organizations that are subject to the OCC's regulations under the CRA.
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