Pursuant to § 228.28 and appendix C to this component, the Board assigns conclusions for the financial institution's Group Advancement Solutions Exam overall performance in Just about every facility-centered assessment spot, Each individual State or multistate MSA, as applicable, and for your institution.
The Board evaluates The provision and utilization of the bank's deposit products and solutions attentive to the requirements of low- and average-cash flow men and women, families, or homes as follows:
suggests a channel by which banks offer retail banking companies electronically, for instance on the net banking or cell banking.
Assignments to revitalize or stabilize a focused census tract which include both of those professional and residential elements qualify as revitalization or stabilization functions underneath this paragraph (e)(2), if:
suggests a business, other than a farm, that experienced gross yearly revenues for its preceding fiscal year of $5 million or fewer.
The Board may perhaps regulate a little bank ranking from “Satisfactory” to “Outstanding” for the institution degree where the lender requests and gets added thought for pursuits that might qualify pursuant on the Retail Expert services and Solutions Take a look at in § 228.
(iii) Any conditions beyond the Charge of the lender, for example financial problems or other market components or occasions, which have adversely impacted the bank's capability to accomplish.
A bank that features modified or added functionality evaluation components with accompanying once-a-year measurable ambitions in its strategy ought to specify in its prepare once-a-year measurable plans that represent “Satisfactory” functionality and could specify once-a-year measurable ambitions that represent “Outstanding” efficiency.
Subject matter on the geographic demands in paragraph (b) of this section, a large lender have to check here delineate, for a specific calendar calendar year, a retail lending assessment region in almost any MSA or while in the nonmetropolitan location of any State wherein it originated:
(iv) The Neighborhood advancement solutions requirements of its facility-based evaluation places served from the lender which have been lined by the approach.
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Factors viewed as in assessing the affect and responsiveness of a bank's Group enhancement loans, Local community improvement investments, and community development products and services involve, but are usually not restricted to, whether the Local community development loan, Local community advancement investment decision, or Group development service:
For every important product line, a Borrower Community Benchmark, calculated pursuant to paragraph IV.c of appendix A to this element for facility-based mostly assessment regions and retail lending assessment spots, and paragraph IV.e of appendix A to this part for outside retail lending areas.
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