Weathering the Storm: A Framework for Meeting CRA Obligations

Conclusion

The CRA is not prescriptive. It provides illustrations and examples that may qualify for consideration during examination. When conducting CRA-related activities, it is important that banks tell their story. This means accurately depicting the performance context of their assessment area. This framework is designed to help CRA and compliance officers develop and share their community development story internally with management and colleagues as well as externally with community partners and leaders, customers and examiners. This publication has also been developed to assist banks in making thoughtful and strategic decisions about disaster-related activities both inside and outside their assessment areas. These activities should be supported with clear and comprehensive reasoning so that examiners are able to appropriately determine not only the responsiveness of such activities but their impact as well.

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