Wholesale or Limited Purpose Institutions

Wholesale or Limited Purpose Institutions | Examination Scope

1. For institutions with more than one assessment area, identify assessment areas for full scope review. In making those selections, review prior performance evaluations, available community contact materials, reported lending data and demographic data on each assessment area and consider factors such as: a. The lending, investment, and service activity in the different assessment areas,…

Wholesale or Limited Purpose Institutions | Performance Context

1. Review standardized worksheets and other agency information sources to obtain relevant demographic, economic, and loan data, to the extent available, for each assessment area under review. Consider, among other things, whether housing costs are particularly high in relation to area median income. 2. Consider any information the institution may provide on its local community…

Wholesale or Limited Purpose Institutions | Assessment Area

1. Review the institution’s stated assessment area(s) to ensure that it: a. Consists of one or more MSAs/MDs or contiguous political subdivisions (i.e., counties, cities, or towns) where the institution has its main office, branches, and deposit-taking ATMs; b. Consists only of whole census tracts; c. Consists of separate delineations for areas that extend substantially…

Wholesale or Limited Purpose Institutions | Community Development Test

1. Identify the number and amount of the institution’s community development loans, (originations and purchases of loans and any other data the institution chooses to provide), qualified investments, and community development services. Obtain this information through discussions with management, HMDA data collected by the institution, as applicable; investment portfolios; any other relevant financial records; and…

Wholesale or Limited Purpose Institutions | Ratings

1. Review the analyses of the institution’s performance in each assessment area examined, considering only those community development activities that benefit the assessment area(s) and the broader statewide or regional area(s) that include the assessment area(s). 2. Group the analyses of the assessment areas examined by MSA1 and nonmetropolitan areas within each state where the…

Wholesale or Limited Purpose Institutions | Public File Checklist

1. There is no need to review each branch or each complete public file during every examination. In determining the extent to which the institution’s public files should be reviewed, consider the institution’s record of compliance with the public file requirements in previous examinations, its branching structure and changes to it since its last examination,…

Wholesale or Limited Purpose Institutions | Ratings Matrix

  Community Development Test Characteristic     OUTSTANDING   SATISFACTORY   NEEDS TO IMPROVE   SUBSTANTIAL NONCOMPLIANCE   Investment, loan, and service activity     The institution has a high level of community development loans, community development services, or qualified investments, particularly investments that are not routinely provided by private investors.   The institution has…