§__.25(e) Wholesale or Limited Purpose Institution Investment in Nationwide Fund

§__.25(e) – 1

Q: How do examiners evaluate a wholesale or limited purpose institution’s qualified investment in a fund that invested in projects nationwide and which has a primary purpose of community development, as this is defined in the regulations?

A1. If examiners find that a wholesale or limited purpose institution has adequately addressed the needs of its assessment area(s), they will give consideration to qualified investments, as well as community development loans and community development services, by that institution nationwide. In determining whether an institution has adequately addressed the needs of its assessment area(s), examiners will consider qualified investments that benefit a broader statewide or regional area that includes the institution’s assessment area(s).

 

Source: Interagency Questions & Answers Regarding Community Reinvestment | July 2016

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