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CRA
Links
Democratizing
Capital - A History of CRA Past, Present & Future Of CRA Enforcing CRA
- An Advocate's Guide
CRA
Resources for N.C. Communities
National CRA Allies
& Resources
Bank
Branch Closures: An Action Guide
How
To Grade a Bank: Case Study By CRA-NC
Creating
a Scorecard For the CRA Service Test
CRA
- Tool In Action - More Than $1 Trillion Invested
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Background
& Purpose of the Community Reinvestment Act
The Community Reinvestment Act (CRA) is intended to
encourage depository institutions to help meet the
credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods,
consistent with safe and sound banking operations.
It
was enacted by Congress in 1977 (12 U.S.C. 2901) and was
revised in May, 1995.
The CRA requires that each insured depository
institution's record in helping meet the credit needs of
its entire community be evaluated periodically. That
record is taken into account in considering an
institution's application for deposit facilities,
including mergers and acquisitions. CRA examinations
are conducted by the federal
agencies that are responsible for supervising depository
institutions:
* Board of Governors of the Federal Reserve System (FRB)
* Federal Deposit Insurance Corporation (FDIC)
* Office of the Comptroller of the Currency
(OCC)
* Office of Thrift Supervision
(OTS)
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