§__.42(b)(1) Required CRA Data Reporting

§__.42(b)(1) – 1

Q: For small business and small farm loan information that is collected and maintained, what dat should be report?

A1. Each institution that is not exempt from data collection and reporting is required to report in machine-readable form annually by March 1 the following information, aggregated for each census tract in which the institution originated or purchased at least one small business or small farm loan during the prior year:

  • The number and amount of loans originated or purchased with original amounts of $100,000 or less.
  • The number and amount of loans originated or purchased with original amounts of more than $100,000 but less than or equal to $250,000.
  • The number and amount of loans originated or purchased with original amounts of more than $250,000 but not more than $1 million, as to small business loans, or $500,000, as to small farm loans.
  • To the extent that information is available, the number and amount of loans to businesses and farms with gross annual revenues of $1 million or less (using the revenues the institution considered in making its credit decision).

 

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

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