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FDIC Issues Third Quarter 2013 CRA Examination Schedule

Daily newsbrief journal for May 2013, also see http://www.usdemocrats.com/weblog for a global compendium library and follow twitter @usdemocrats


FDIC Issues Third Quarter 2013 CRA Examination Schedule

Postby admin » Thu May 30, 2013 7:08 am

FDIC Issues Third Quarter 2013 CRA Examination Schedule


FOR IMMEDIATE RELEASE
May 30, 2013
Media Contact:
Greg Hernandez (202) 898-6984
Cell: (202) 340-4922
Email: ghernandez@fdic.gov


The Federal Deposit Insurance Corporation (FDIC) has issued the public list of institutions that it has scheduled for a Community Reinvestment Act (CRA) examination during the third quarter of 2013. This list is published pursuant to revised CRA regulations published in May 1995 that require each federal bank and thrift regulator to publish a quarterly CRA examination schedule at least 30 days before the beginning of each quarter.

The examination schedule reflects the effects of an institution's size and CRA rating on examination frequency. 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 schedule of institutions to be examined July 1, 2013, through September 30, 2013, is based on the best information now available. Examination schedules may 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.

The 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 (a list of those locations is attached). All public comments received prior to completion of a CRA examination will be considered.

To receive today's quarterly list if not available as an attachment, call (703) 562-2200 or (877) 275-3342, fax a request to (703) 562-2296, or write to:

FDIC
Public Information Center
3501 Fairfax Drive
Room E-1002
Arlington, VA 22226

The quarterly list is also available on the Internet at www.fdic.gov.
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