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(4) In the event the financial institution did not revise the initial draft strategy in response to recommendations or problems from community input gained, a proof for why any recommendation or worry was not tackled while in the draft prepare.) A financial institution may use choice weights for combining the borrower and geographic distribution analyses for significant product or service line(s) or other loan products and solutions.
(4) Lacking or defective data that might be needed to work out the appropriate metrics and benchmarks or almost every other things that reduce the Board from calculating a Retail Lending Examination advisable conclusion.
1. Summing, through the years from the evaluation interval, the lender's yearly number of originated and procured loans in the key item line in specified census tracts inside the Retail Lending Test Location.
) The quantity of examining and cost savings accounts opened digitally and through other shipping methods that are active at the end of each calendar year by census tract earnings degree for every calendar year.
A considerable bank need to obtain and preserve in electronic kind, as prescribed through the Board, right until completion of the financial institution's up coming CRA evaluation where the information are evaluated, the following info with respect to retail banking companies and retail banking solutions provided and furnished by the financial institution through Each individual calendar calendar year:
(ii) According to paragraph (g) of this section, a bank's system may incorporate optional analysis components or suitable modifications and additions to your more info functionality tests that would apply from the absence of the accredited program.
The Board compares Every single Geographic Lender Metric to the efficiency ranges offered in paragraphs V.b.1 by way of V.b.five of this appendix. The geographic distribution supporting conclusion for every group of designated census tracts is determined from the performance variety inside of which the Geographic Financial institution Metric falls.
The Board reviews the effect and responsiveness of your financial institution's Local community development loans and Neighborhood improvement investments that advantage or serve a Point out, as furnished in § 228.fifteen.
2. Calculating the weighting for each element geographic space and key merchandise line as The proportion in the lender's loans in the key item line originated or procured in the outside retail lending spot that are in the part geographic region, based upon loan rely.
). For every Retail Lending Check Area, the Board takes advantage of a ratio in the lender's loan originations and purchases in Every important merchandise line to its loan originations and purchases in all key item traces during the evaluation interval, depending on The mix of loan dollars and loan count as described in § 228.twelve, as weights inside the weighted average.
) Advantages or serves a number of geographic areas with minimal levels of Local community progress funding;
To build supporting conclusions for geographic distributions of shut-close dwelling mortgage loans, compact enterprise loans, and modest farm loans, the Board evaluates the financial institution's overall performance by evaluating the Geographic Financial institution Metric to effectiveness ranges, based upon the Geographic Market place Benchmark, the Geographic Neighborhood Benchmark, and multipliers, as explained in paragraphs V.b and V.c of appendix A to this component.
) Any boost in the calendar 12 months to an existing Neighborhood development loan that's refinanced or renewed or to an existing Group enhancement financial investment that may be renewed;