CRA data from 2018 small business, farm, community development lending available

Data from 2018 on small business, small farm, and community development lending reported by banks and savings associations under Community Reinvestment Act (CRA) requirements is now available, the federal banking agencies said Monday.

In a release, the umbrella Federal Financial Institutions Examination Council (FFIEC) said the CRA data released by the Federal Deposit Insurance Corporation (FDIC), Federal Reserve, and the Office of the Comptroller of the Currency (OCC) is available for each reporting commercial bank and savings association.

The FFIEC said it also prepared aggregate disclosure statements of small business and small farm lending for all of the metropolitan statistical areas (MSAs) and non-metropolitan counties in the United States and its territories. These statements are available for public inspection on the FFIEC website, the umbrella group said.

Under the banking agencies’ regulations, banks and savings associations with total assets of approximately $1.252 billion or more are required to collect and report data regarding their small business and small farm lending and community development lending. The mandatory reporting threshold adjusts annually based on changes to the Consumer Price Index, the FFIEC noted.

The FFIEC, however, drew a distinction between the CRA data reported for small business, small farm and community development lending. “The small business and small farm lending data reported under the CRA regulations provide useful information about such lending, but they are less comprehensive than the data reported on home mortgage lending under the Home Mortgage Disclosure Act,” the group stated.

Federal Banking Agencies Announce Availability of 2018 Small Business, Small Farm, and Community Development Lending Data

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