Press Release: FDIC Issues CRA Examination Schedules for Fourth Quarter 2024 and First Quarter 2025
PRESS RELEASE | AUGUST 30, 2024
FDIC Issues CRA
Examination Schedules for Fourth Quarter 2024 and First Quarter
2025
WASHINGTON - The Federal Deposit Insurance Corporation
(FDIC) today issued the lists of institutions scheduled for a
Community Reinvestment Act (CRA) examination during the fourth quarter
2024 and first quarter 2025. CRA regulations require each federal
bank and thrift regulator to publish its quarterly CRA examination
schedule at least 30 days before the beginning of each
quarter.
The Community Reinvestment Act is a 1977 law that
requires the FDIC to assess a bank’s record of meeting the credit
needs of its entire community, including low- and moderate-income
neighborhoods, consistent with safe and sound operations. CRA
examinations allow federal regulators to assess an institution's
record of helping to meet those needs.
CRA examinations are
scheduled based on an institution’s asset size and CRA rating. Absent
reasonable cause, an institution with $250 million or less in assets
and a CRA rating of Satisfactory can be subject to a CRA examination
no more frequently than once every 48 months. Absent reasonable
cause, an institution with $250 million or less in assets and a CRA
rating of Outstanding can be subject to a CRA examination no more
frequently than once every 60 months.
The schedules of
institutions to be examined October 1, 2024, through December 31,
2024, and January 1, 2025, through March 31, 2025, are based on the
best information now available and are subject to change. For
example, a regulated financial institution not otherwise scheduled for
an examination may be examined in connection with the application for
a deposit facility. Alternatively, some institutions may require more
time and resources than originally allotted, thus delaying other
scheduled examinations. If an institution is rescheduled for a
different quarter, that information will be included on a later
list.
Federal bank and thrift regulators encourage public
comment on the institutions to be examined under the CRA. Comments
about FDIC-supervised institutions should be directed to the
institutions themselves or to the Deputy Regional Director of the
appropriate FDIC regional office (attached). All public comments
received prior to completion of a CRA examination will be
considered.
The CRA examination schedules for the fourth
quarter of 2024 and first quarter of 2025 are attached. Schedules
also can be obtained by calling (703) 562-2200 or (877) 275-3342,
faxing a request to (703) 562-2296, or writing to:
FDIC Public
Information Center3501 Fairfax DriveRoom E-1002Arlington, VA
22226
ATTACHMENTS:
CRA Exam Schedule Listings for Fourth
Quarter 2024 and First Quarter 2025
FDIC CRA Regional Office
Contacts
# # #
MEDIA CONTACT: LaJuan Williams-
[email protected]
FDIC:
PR-73-2024
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