§__.41(a) – 3
Q: Can a financial institution identify a specific racial or ethnic group rather than a geographic area as its assessment area?
A3. No, assessment areas must be based on geography. The only exception to the requirement to delineate an assessment area based on geography is that an institution, the business of which predominantly consists of serving the needs of military personnel or their dependents who are not located within a defined geographic area, may delineate its entire deposit customer base as its assessment area.
Source: Interagency Questions & Answers Regarding Community Reinvestment | July 2016