FDIC Releases Third and Fourth Quarter CRA Examination Schedule

Federal Issues Banking CRA FDIC

On May 31, the FDIC issued its Third Quarter Community Reinvestment Act (CRA) Examination Schedule for the following regions: New York, Atlanta, Chicago, Kansas City, Dallas, and San Francisco. Additionally, the Agency released the CRA Examination Schedule for the Fourth Quarter in the following regions: New York, Atlanta, Chicago, Kansas City, Dallas, and San Francisco. In an effort to be “more responsive and transparent to the public” as well as to provide more time for review and comment, going forward, the FDIC will release the upcoming examination schedule for two quarters rather than one. The institutions listed on the schedules were chosen for CRA examinations based on the FDIC’s criteria which states that, absent reasonable cause, for institutions with $250 million or less in assets, those with a CRA rating of “Satisfactory” would be examined no more than once every 48 months, and those institutions with a CRA rating of “Outstanding” would be examined no more than once every 60 months. Public comments on the institutions to be examined under the CRA are encouraged and will be considered if received prior to the completion of the examination.