signifies any corporation that controls, is controlled by, or is less than prevalent Handle with An additional enterprise. The phrase “control” has the that means offered to that expression in 12 U.
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The Nationwide Neighborhood Progress Financing Benchmark steps the greenback quantity of Neighborhood advancement loans and community enhancement investments that profit or provide all or Section of the nationwide spot for all big depository institutions in comparison to the deposits situated in the nationwide place for all significant depository institutions, calculated pursuant to paragraph II.k of appendix B to this portion.
(A) Submitting the First draft prepare for publication about the Board's Site and by publishing the initial draft approach to the bank's Internet site, In case the bank maintains 1; and
The Board opinions the effects and responsiveness of the bank's Local community development loans and community development investments that profit or serve a facility-based mostly assessment space, as offered in § 228.fifteen.
(i) All the information demanded with the lender's general public file has to be maintained at the primary Office environment and, if an interstate financial institution, at one particular department Business in Each individual Condition; and
For every of a lender's facility-dependent assessment spots, the Assessment Area Group Growth Financing Benchmark actions the greenback volume of Group progress loans and Neighborhood development investments that gain or provide the ability-based assessment space for all massive depository establishments compared to deposits situated in the power-based mostly evaluation region for all substantial depository institutions, calculated pursuant to paragraph II.b of appendix B to this portion.
) Substantial banks that had belongings less than or equivalent to $ten billion as of December 31 in either of your prior two calendar decades and that don't run branches.
) The remarkable balance of a Local community improvement loan originated, obtained, refinanced, or renewed in prior several years or Neighborhood improvement financial investment produced or renewed in previous a long time, as of December 31 for each and every year which the loan or investment decision stays over the lender's balance sheet; or
(5) If the Retail Lending Take a look at suggested summary isn't going to properly replicate the financial institution's functionality in a very Retail Lending Examination Spot through which one or more of your financial institution's main solution strains contains fewer than thirty loans;
) The quantity of checking and price savings accounts opened digitally and through other shipping techniques which have been active at the end of check here Just about every calendar year by census tract income stage for every calendar calendar year.
(one) All composed comments gained from the public for The present year (up to date with a quarterly basis for that prior quarter by March 31, June thirty, September 30, and December 31) and every from the prior two calendar yrs that especially relate into the bank's effectiveness in helping to satisfy Local community credit rating requirements, and any reaction for the comments from the financial institution, if neither the opinions nor the responses have statements that mirror adversely on The nice identify or track record of any individuals besides the lender or publication of which might violate specific provisions of law;
For vehicle loans, the Board compares a lender's geographic and borrower distributions for the relevant Group benchmarks, as offered in paragraph (f) of the portion and segment VI of appendix A to this portion.
indicates a channel through which banking companies provide retail banking products and services electronically, for example on the net banking or cell banking.