A Review Of 228 loan
A Review Of 228 loan
Blog Article
(B) The extent to which the program has sufficiently justified the necessity for any strategy and every facet of the prepare as required in paragraph (d) of this section.
The Board considers the weighted average of your functionality scores comparable to the bank's conclusions for the Community Development Financing Test for its facility-primarily based assessment areas within the nationwide region, calculated pursuant to area IV of appendix B to this part.
usually means, notwithstanding the definition of “tiny business” in this section, a loan included in “loans to small companies” as noted in Schedule RC-C of the Call Report.
(D) A little financial institution may well involve a Neighborhood improvement loan or Neighborhood advancement investment decision ingredient and accompanying yearly measurable plans in its plan.
The Board assigns conclusions to a large bank's or confined goal lender's performance over the applicable checks explained in paragraph (a) of this section pursuant to § 228.28 and appendix C to this section. The Board assigns conclusions to a small financial institution's or intermediate lender's overall performance over the relevant tests explained in paragraph (a) of this segment pursuant to § 228.
(three) Advantages or serves one or more geographic regions with low amounts of community advancement funding;
(B) A bank aside from a substantial financial institution may well involve a Local community progress products and services element and accompanying once-a-year measurable ambitions in its plan.
The Board makes use of a financial institution's Over-all overall performance scores described During this section to assign a score with the bank's General general performance in Each individual Condition and multistate MSA, as relevant, and for that institution, matter to paragraphs (d) and (e) of this part.
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Any facility-based assessment region, retail lending assessment place, outside the house retail lending area, click here or other geographic location that could be evaluated while in the absence of the accredited system, but is not A part of an authorised system, are going to be evaluated pursuant to the effectiveness assessments that might implement while in the absence of an authorised approach.
27(h), the Board may take into consideration the next performance context facts for the extent that it is not regarded as Section of the overall performance assessments as supplied in paragraph (a) of this portion:
(2) A retail lending assessment location might not lengthen over and above a Condition boundary unless the retail lending assessment location contains counties inside a multistate MSA.
(B) The Nationwide Community Progress Investment decision Benchmark steps the dollar quantity of community progress investments that gain or provide all or Component of the nationwide location, excluding property finance loan-backed securities, of all significant depository establishments that had belongings increased than $ten billion as of December 31 in each of your prior two calendar many years in comparison to deposits situated in the nationwide location for those depository institutions, calculated pursuant to paragraph II.n of appendix B to this portion.