Community Reinvestment Act: Hearings Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundredth Congress, Second Session ... March 22 and 23, 1988, Volume 4 |
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Common terms and phrases
ACORN activities application approved areas Atlanta Bank Board bank's bankers banks and savings Bill Dedman census tracts Chairman challenge Chicago Committee community credit needs community groups Community Reinvestment Act Comptroller consumer CRA compliance CRA enforcement CRA examination CRA performance CRA protest CRA ratings CRA statement deposits disinvestment efforts evaluation Fannie Mae FDIC Federal Home Loan Federal Reserve Board Federal Reserve System filed financial institutions Freddie Mac Gresham Park Hibernia HMDA home improvement Home Loan Bank Home Mortgage Disclosure housing institution's investment issues lenders low and moderate low income meet community credit meet the credit merger million moderate income moderate-income neighborhoods mortgage insurance mortgage loans National Bank percent policies PPEP procedures programs record redlining regulators regulatory agencies response rural savings and loans secondary market small business tion urban Valley National Valley National Bank William Proxmire
Popular passages
Page 329 - ... twin cities" with a combined population of at least 50,000. In addition to the county, or counties, containing such a city or cities, contiguous counties are included in an SMSA if, according to certain criteria, they are essentially metropolitan in character and are socially and economically integrated with the central city.
Page 335 - Federal supervisory authority to "assess the institution's record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of such institution...
Page 296 - Federal financial supervisory agency shall — (1) assess the institution's record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of such institution...
Page 480 - A Realtor should never be instrumental in introducing into a neighborhood a character of property or occupancy, members of any race or nationality, or any individuals whose presence will clearly be detrimental to property values in that neighborhood.
Page 289 - An institution may make adjustments in the community delineation in the case of areas divided by State borders, or significant geographic barriers, or areas that are extremely large or of unusual configuration. The second guideline proposes the use of effective lending territory, a concept more familiar to savings and loan associations than to commercial and mutual savings banks.
Page 240 - I would be happy to answer any questions that you or the other members of the committee may have.
Page 329 - Where appropriate, portions of adjacent areas should be included. The bank may make adjustments in the case of areas divided by State borders or significant geographic barriers, or areas that are extremely large or of unusual configuration.
Page 325 - In essence, the regulation encourages institutions to become aware of the full range of credit needs of their communities and to offer the types of credit and credit-related services that will help to meet those needs. However, the regulation does not require institutions to offer particular types or amounts of credit.
Page 488 - ... purposes of this regulation are to encourage State member banks to help meet the credit needs of their local community or communities; to provide guidance to State member banks as to how the Board will assess the records of State member banks In satisfying their continuing and affirmative obligations to help meet the credit needs of their local communities, including lowand moderate-income neighborhoods, consistent with the safe and sound operation of those banks: and to provide for taking Into...
Page 292 - State nonmember bank shall maintain files that are readily available for public inspection consisting of: (1) Any signed, written comments received from the public within the past 2 years...