§__.29(a) CRA Rating Effect on Bank Applications

§__.29(a) – 1

Q: What weight is given to an institution’s CRA performance examination in reviewing an application?

A1. In reviewing applications in which CRA performance is a relevant factor, information from a CRA examination of the institution is a particularly important consideration. The examination is a detailed evaluation of the institution’s CRA performance by its supervisory Agency. In this light, an examination is an important, and often controlling, factor in the consideration of an institution’s record. In some cases, however, the examination may not be recent, or a specific issue raised in the application process, such as progress in addressing weaknesses noted by examiners, progress in implementing commitments previously made to the reviewing Agency, or a supported allegation from a commenter, is relevant to CRA performance under the regulation and was not addressed in the examination. In these circumstances, the applicant should present sufficient information to supplement its record of performance and to respond to the substantive issues raised in the application proceeding.


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

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