CRA
Small banks are evaluated using what test?
Lending Test
Which of the following acts apply only to loans secured by real estate? (Select all that apply)
A. Regulation H, Section 25
B. Regulation X
C. FCRA
D. HOPA
E. SAFE Act
A. Reg H
B. Reg X
D. HOPA
E. SAFE Act
CRA Community Development includes what four types of activities?
Affordable Housing
Community Services targeted to LMI
Economic Development
Revitalize and Stabilize certain geographies
Which of the following is most likely to qualify as revitalize and stabilize? Pick all that apply.
A. A donation to a local food pantry.
B. A loan to the DFW Small Business CDFI.
C. A bank employee sits on the board of the local economic development center.
D. A municipal bond to update and repair the water and sewage facilities in in LMI areas.
D. A municipal bond to update and repair the water and sewage facilities in LMI areas.
Which of the following is most likely to qualify as community services:
A. A loan to a small business to expand operations and hire new employees.
B. An investment in the DFW Small Business CDFI.
C. A bank employee sits on the board of the local housing authority.
D. A donation to a local food pantry.
D. A donation to a local food pantry.
Determine the composite CRA rating for a bank has the following:
Lending Test: Low Satisfactory
Investment Test: Outstanding
Service Test: Outstanding
Lending Test: 6 points
Investment Test: 6 Points
Service Test: 6 Points
Composite: 18 points = Satisfactory
See FFIEC CRA Large Bank Exam Procedures.