Federal bank regulators have released Community Reinvestment Act (CRA) examination schedules showing 508 banks and savings associations scheduled for evaluation for compliance with anti-redlining rules over the fourth quarter of this year and the first quarter of 2021.
The Federal Deposit Insurance Corp. (FDIC) will handle the lion’s share of these CRA examinations, with 195 banks on its schedule over the coming quarter and another 238 slated for the first quarter of next year. The Office of the Comptroller of the Currency (OCC), which released a consolidated list for both quarters, has 75 banks on its schedule.
The OCC and FDIC, as of Oct. 1, also will be supervising under different sets of CRA rules. The OCC published a revised CRA regulation on its own this May and gave that rule an Oct. 1 effective date. However, the agency in its final rule said full compliance with the new regulations will not be required until Jan. 1, 2023, “and the number of these now qualifying activities will likely be very small.”
The FDIC breaks down its CRA exam schedule over six regions; the Kansas City region will see the greatest number of examinations in both quarters, with 57 slated for the fourth quarter 2020 and 60 slated for first quarter 2021. The OCC plans to examine banks across 24 states for their performance under the CRA; the greatest number scheduled are in Ohio (10) and Texas (14).
FDIC Issues CRA Examination Schedules for Fourth Quarter 2020 and First Quarter 2021