A total of 308 banks across the United States are on the Federal Deposit Insurance Corp.’s (FDIC) Community Reinvestment Act (CRA) evaluation schedules for the first and second quarters of 2022, according to information released by the agency Tuesday.
The agency has 148 banks on its anti-redlining review schedule in the first quarter and 160 slated for the second. Overall, the states with the most banks expecting the CRA evaluations are Illinois (28), Texas (22), Minnesota (19), and Wisconsin (17).
The FDIC notes that the 1977 CRA seeks to encourage insured banks and thrifts to help meet the credit needs of the communities in which they are chartered to do business, including low- and moderate-income neighborhoods, “consistent with safe and sound operations.”
As noted previously, regulators encourage public comments on the institutions scheduled for CRA reviews.