§__.22(a)(2) – 1
Q: How are lending commitments (such as letters of credit) evaluated under the regulation?
A1. The Agencies consider lending commitments (such as letters of credit) only at the option of the institution, regardless of examination type. Commitments must be legally binding between an institution and a borrower in order to be considered Information about lending commitments will be used by examiners to enhance their understanding of an institution’s performance, but will be evaluated separately from the loans.
Source: Interagency Questions & Answers Regarding Community Reinvestment | July 2016