A total of 153 evaluations of banks for their efforts under the anti-redlining Community Reinvestment Act (CRA) are slated over the fourth quarter of 2021 and the first quarter of 2022 across 37 states and the District of Columbia, according to the federal agency that charters national banks and thrifts.
The Office of the Comptroller of the Currency (OCC), announcing its schedule Wednesday, also said it encouraged public comment on the institutions scheduled for the evaluations. The schedule published Wednesday gives the dates of the planned exams.
“Public comments should be submitted to the institutions themselves at the mailing addresses listed on the schedule or to the appropriate OCC supervisory office prior to the month in which the evaluation is scheduled,” the agency said. “The OCC, however, will consider all public comments received prior to the close of the CRA evaluation.”
The two states with the single-largest numbers of banks on the Q4-Q1 schedule are Texas (with 28 banks slated) and Illinois (19).
A bank may receive one of four possible ratings for its CRA performance: outstanding, satisfactory, needs to improve, and substantial noncompliance.