United States

Revised interagency CRA questions and answers


The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Fed) and the Federal Deposit Insurance Corporation (FDIC) (collectively, the Agencies) issued guidance for the Community Reinvestment Act (CRA) in the form of Interagency Questions and Answers Regarding Community Reinvestment. The guidance addresses a variety of topics including:

  • Alternative systems for delivering retail banking services
  • Community development-related issues
  • Innovative or flexible lending practices
  • Responsiveness and innovativeness of an institution’s loans, qualified investments and community development services

The Agencies clarified nine of the 10 proposed questions and answers (Q&A), revised four existing Q&As, adopted two new Q&As, and made technical corrections but did not adopt another proposed revision. The guidance includes the new and revised Q&As, as well as all Q&As that were previously published and continue to remain in effect.