§__.42 Required CRA Data Collection Format

§__.42 – 2

Q: Should an institution develop its own program for data collection, or will the regulators require a certain format?

A2. An institution may use the free software that is provided by the FFIEC to reporting institutions for data collection and reporting or develop its own program. Those institutions that develop their own programs may create a data submission using the File Specifications and Edit Validation Rules that have been set forth to assist with electronic data submissions. For information about specific electronic formatting procedures, contact CRAHELP@FRB.GOV.



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

Last modified April 28, 2023