Nearly 200 national banks and federal savings associations are expected to receive evaluations under the anti-redlining Community Reinvestment Act (CRA) during the first and second quarters of 2022, according to the schedule released Monday by the Office of the Comptroller of the Currency (OCC).
In all, the two-quarter schedule shows 194 banks across 41 states and the District of Columbia set to receive the evaluations, with the largest numbers slated to be found in Illinios (24), Minnesota (10), New York (12), Texas (34), and Wisconsin (8).
The OCC said it encourages public comment on the institutions slated to be evaluated. Comments should be submitted to the banks themselves at the mailing addresses listed on the schedule or to the appropriate OCC supervisory office before the month in which the evaluation is scheduled (also shown), it said. That said, the agency added that it will consider all public comments received before the close of the institution’s CRA evaluation.
Possible ratings for performance under the anti-redlining law are Outstanding, Satisfactory, Needs to Improve, and Substantial Noncompliance.
OCC Issues First and Second Quarter 2022 CRA Evaluation Schedule