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Advanced Search About the Fed News & Events Monetary Policy Supervision & Regulation Payment Systems Economic Research Data Consumers & Communities Board of Governors of the Federal Reserve System The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. Home > News & Events > Press Releases Joint Press Release September 08, 2014 Agencies request comment on proposed questions and answers regarding community reinvestment Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For immediate release Share The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today requested comment on proposed revisions to the "Interagency Questions and Answers Regarding Community Reinvestment." The Questions and Answers provide additional guidance to financial institutions and the public on the agencies' regulations that implement the Community Reinvestment Act (CRA). The proposed new and revised guidance addresses questions raised by bankers, community organizations, and others regarding the agencies' CRA regulations. The proposed new and revised questions and answers: Address alternative systems for delivering retail banking services. Add examples of innovative or flexible lending practices. Address community development-related issues by: (i) clarifying guidance on economic development; (ii) providing examples of community development loans and activities that are considered to revitalize or stabilize an underserved nonmetropolitan middleincome geography; and (iii) clarifying how community development services are evaluated. Offer guidance on how examiners evaluate the responsiveness and innovativeness of an institution's loans, qualified investments, and community development services. The Federal Register notice is attached. Comments will be due 60 days after publication. For more information on the CRA, the agencies' CRA regulations, and the agencies' Questions and Answers, please visit the Federal Financial Institutions Examination Council website at www.ffiec.gov. Media Contacts: Federal Reserve Board OCC FDIC Susan Stawick Stephanie Collins Greg Hernandez 202-4522955 202-6496870 202-8986984 Federal Register notice: HTML | PDF Comments on this proposal: Submit | View Last Update: September 08, 2014 BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM About the Fed News & Events Monetary Policy Supervision & Regulation Payment Systems Economic Research Data Consumers & Communities Financial Stability TOOLS AND INFORMATION STAY CONNECTED Contact Publications Freedom of Information (FOIA) Office of Inspector General Budget & Performance | Audit No FEAR Act Español Website Policies | Privacy Program Accessibility BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM 20th Street and Constitution Avenue N.W., Washington, DC 20551