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AENB is designated as this kind of institution.
What is Limited Purpose?
The CRA Performance Evaluation covered this period of time.
What is January 1, 2019 through December 31, 2021?
171 of Amex colleagues across the 50 states engaged in this activity.
What is Community Development service?
AENB is responsible for funding Utah's Low-Income Housing Tax Credits (LIHTC) market at this level.
What is 40%?
There were 6,654 of these during the performance period.
What is CD service activities?
AENB is a subsidiary of this second tier holding company.
What is American Express travel Related Services Company (TRS)?
This section of the PE highlights key points about AENB.
What is the Description of Institution?
This global activity impacted the way service was administered in the community.
What is COVID-19?
This investment demonstrates AENBs commitment to addressing affordable housing.
What is $263 million in housing bonds and preservation funds?
223 of these make up the Salt Lake City Metropolitan Statistical Area.
What is Census Tracts?
CRA is administered in this part of AENB.
What is the Center for Community Development?
This section of the PE contains definitions and common abbreviations.
What is Appendix A?
Youth and adult financial education, technical assistance and consultation, and job skills training are examples of this.
What is the Bank's volunteer program?
This is a long term, fully subordinated debt to CDFIs with features that make it function like equity.
What is an EQ2 Investment?
$13.8 Billion represents the total of this.
What is Tier 1 Capital?
This document outlines measurable goals and objectives for qualified investments, community development grants, loans and services.
What is the CRA Plan?
This is date of AENB's CRA PE and represents the first day of the exam.
What is June 20, 2022?
19 AENB colleagues provided 202 hours of CD services through employment coaching at this organization.
What is People Helping People?
This was done in January 2021 to allow for AENB to recognize LIHTC investment operating losses in proportion to the tax credits received.
What is the Proportional Amortization Method (PAM)?
This represents a total of $1.6 Billion.
What is Qualified Investments that benefit and are outside the Assessment Area?
Under this test AENB strives to meet performance goals under the Community Reinvestment Act.
What is the Community Development (CD) test?
This OCC supervisory office issued AENB's CRA PE.
What is Large Bank Supervision?
A significant portion of employee service hours were spent on this activity.
What is financial literacy to LMI youths?
$18.3 Million of these were awarded on behalf of AENB and its Affiliates.
What is grants inside and outside the assessment area?
There are no more than 6 of these in the report?
What is the number of Tables in the Performance Evaluation?