Full text of District Notices (Federal Reserve Bank of Dallas) : Public Information Statement, Circular No. 80-187

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Ba n k

federal reserve

DALLAS, TE X A S

Dallas

of

7S222

Circular No. 80-187
October 2, 1980

P U B L IC

IN F O R M A T IO N

C o m m u n ity

TO

A LL
A N D

M EM BER

C O N C E R N E D

ELEVENTH

The

m u n ity

of

FED ER A L

F ed e ra l

s ta te m e n t

R e in v e s tm e n t

re q u ire m e n ts

of

th e

m a k e a v a ila b le

to th e

in d iv id u a l

a

e x p la in

copy

of

th e

s ta te m e n t
S u p e rv is io n

th e

and

th e

p u b lic ,

th e

th e
B o ard

next

d ire c te d

days,

The

m o re

by

th e

D e p o s it

th e

Com ­
th e

B o ard

In s u ra n c e

O ffic e

of

th e

C o u n c il p la n s t o

d e ta ile d

in fo rm a tio n

p ro ced u res.

pages
Any

to

and

is s u e d a n
th e

d e s c rib e s

ta k e n

F ed eral

th is s t a t u t e .
90

has
in

b rie fly

a p p ro a c h

Bank

in fo rm a tio n

a c tio n .

th e

S y s te m ,

im p le m e n tin g
th e

C o u n c il

in te re s te d

s ta te m e n t

in d ic a te s

Loan

fo llo w in g

R e g u la tio n s

E x a m in a tio n

o rg a n iz a tio n s
The

R e s e rv e

and

C o u n c il's

be

and

w ith in

p o lic ie s

on

and

Hom e
in

D IS T R IC T :

1977.

A ct

F ed e ra l

C o u n c il's

s h o u ld

of

C u rren c y

agency

P rin te d
and

Act

THE

In s titu tio n s

p erson s

F ed eral

C o m p tro lle r o f

on

by

th e

th e

IN

RESERVE

F in a n c ia l
fo r
A ct

im p o s e d

G o v ern o rs

C o rp o ra tio n ,

R e in v e s tm e n t

BANKS

O THERS

in fo rm a tio n

STA TEM EN T

th e

is a c o p y

q u e s tio n s
Consum er

D e p a rtm e n t,

of

s ta te m e n t.

E x t.

th e

B o a r d 's

These

c o n c e rn in g
A ffa irs

p ress re le a s e

pages
th e

S e c tio n

m o re

fu lly

in fo rm a tio n
of

our

Bank

6169.

S in c e re ly

y o u rs ,

R o b e rt

H.

B o y k in

F ir s t

V ic e

P r e s id e n t

Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank:
1-800-442-7140 (intrastate) and 1-800-527-9200 (interstate). For calls placed locally, please use 651 plus the
extension referred to above.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

^

Federal Financial Institutions E x a m i n a t i o n Council, Washington, D.C. 20219

____________________________________________________

_

_

Press Release
For

im m e d ia te

re le a s e

The

F ed e ra l

in fo rm a tio n

s ta te m e n t

R e in v e s tm e n t
Task

F o rce

a ffa irs

Act

on

is s u e d
Four

a re

th e

In s u ra n c e

ju r is d ic tio n
p ro te c tio n

la w s

and

im p le m e n tin g
a

C itiz e n s

in fo rm a tio n

on

The

d e v e lo p e d

by

th e

th e

o f

s e n io r

C o u n c il's

CBA

in fo rm a tio n

s ta te m e n t

is

s im ila r

th e

F e d e ra l

not

R eserve

re p re s e n te d

G o v e rn o rs
th e

o f

F ed e ra l

on

on Jan u a ry
th e

th e

F ed e ra l

Home L o a n

As

n o te d

by

co vered

C o u n c il

in

CBA b u t

it

n o n -d is c rim in a to ry

have

S y s te m ,

s ta te m e n t,

p o lic ie s

in

is s u e d

an

C o m m u n ity
C o u n c il's

consum er
to

a

CR A r e s p o n s i b i l i t i e s .

B o ard

re q u ire s

1980

1980.

R e serve

Bank

th e

3 ,

17,

E x a m in a tio n

c o m n itte e

C u rren c y .

and

and

th e

th e

c re d it

th e

F e d e ra l

O ffic e

N a tio n a l
u n io n s

c o n fo rm a n c e

o f

th e

C re d it

under
w ith

D e p o s it

U n io n

its

consum er

re g u la tio n s .
CBA

g en e ra l
The

G u id e

o f

in fo rm a tio n

p o lic ie s
C o u n c il

to

in d iv id u a l
te x t

was

in

in te ra g e n c y

fo llo w

CBA.

s ta te m e n t

in te re s te d

to d a y

an

C o u n c il's

th e

o rg a n iz a tio n s

C o u n c il

C o m p lia n c e ,

of

th e

to

The

w ith

by

is

The

and

E x a m in a tio n

The

B o ard

o f

In s titu tio n s

p erson s

1977.

a g e n c ie s

A d m in is tra tio n

Act

fo r

C o rp o ra tio n ,

C o m p tro lle r

th e

F in a n c ia l

Consum er

o ffic ia ls .

s ta te m e n t

They

o f

S e p te m b e r

th e

o f

th e

e x p e c ts

p ro ce d u re s

agency

s ta te m e n t
a g e n c ie s
soon

under

to

d e s c r ib e s
re p re s e n te d

fo llo w

CRA t o

th e

up

p ro v id e

on

its

re q u ire m e n ts
th e

C o u n c il

in fo rm a tio n

m o re

o f
in

s ta te m e n t

d e ta ile d

p o lic ie s .

E x a m in a tio n

C o u n c il's

in fo rm a tio n

s ta te m e n t

is

a tta c h e d .

* * * * * * * * * * * * * *

Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Federal Home Loan Bank Board,
National Credit Union Administration, Office of the Comptroller of the Currency

FEDERAL F IN A N C IA L

IN S T IT U T IO N S

C O M M U N IT Y R E IN V E S T M E N T A C T

AGENCY:

F e d e ra l

A C T IO N :

P u b lic

SUMMARY:
and

In

F in a n c ia l

re s p o n s e

o rg a n iz a tio n s

agency

re g u la tio n s

is s u in g

th is

d e s c r ib e s
ta k e n

by

F ed e ra l
B o ard
th is

in

th e

th e
to

a g e n c ie s ,

a

p ro v id e

of

In s u ra n c e
o f

W ith in
th e

next

p art
o f

A c t,

th e

th e

th e

to

o f

The
Act

th e
th e

on

Home

C o u n c il

th e s e

fo u r

Loan
in

a ls o

F ed e ra l

p ro ce d u re s

in d iv id u a l

agency

th e

S y s te m ,

C u rren c y

(C R A )

fe d e ra l
is

b rie fly

in d ic a te s

R e serve

th e

CRA c o m n e n t

in fo rm a tio n

and

Act

in d iv id u a ls
and

C o u n c il

s ta te m e n t

F e d e ra l

of

o f

1977

E x a m in a tio n

F ed e ra l

days,

b e h a lf

G u id e "

d e ta ile d

th e
Act

by

of

90

R e in v e s tm e n t

on

C o m p tro lle r

on

C o u n c il

C o m m u n ity

in te re s t

C o rp o ra tio n ,

th e

p u b lic ,

" C itiz e n s

m o re

im p o s e d

th e

th e

s ta te m e n t.

G o vern o rs

STATEMENT

E x a m in a tio n

on

C O U N C IL

R e in v e s tm e n t

th e

in fo rm a tio n

O ffic e

s ta tu te .

a v a ila b le

c o n tin u in g
C o m m u n ity

re q u ire m e n ts
B o ard

D e p o s it

and

s ta te m e n t

im p le m e n tin g

p u b lic

th e

to
th e

IN F O R M A T IO N

In s titu tio n s

in fo rm a tio n

E X A M IN A T IO N

a p p ro a c h
th e

Bank

im p le m e n tin g

p la n s

to

m ake

re g u la to ry

w h ic h

w ill

p o lic ie s

and

p ro ce d u re s.

DATE:

S e p te m b e r

FOR FURTHER
F in a n c ia l
S .W .,

The

IN F O R M A T IO N
F lo o r,

of

th e

th e

Act

F ed e ra l
and

o f

and

1977

th e

Loan

O ffic e

S y s te m ,
th e

C re d it

A d m in is tra tio n ^ ,

CRA w a s

e n a c te d

out

o f

b o rro w e rs

and

d iffe re n t
o f

in s titu tio n s '
th e ir

The

e n tire

N a tio n a l

c re d it
needs

o f

a ll

re g u la tio n s
and

consum er

in

o f
and

U n io n
its

th e ir

in

c o m m u n itie s
In

m em bers
o f

p ro te c tio n

as

to

to

la w s .

In s u ra n c e
U n io n

fiv e

C o rp o ra tio n ,
A d m in is tra ­

F in a n c ia l

except

N a tio n a l

th e

o f

b e tw e e n

le n d e rs .

I t

e m p h a s iz e s

m eet

th e

c re d it

re q u ire s

th e

a g e n c ie s

h o w e v e r,

re s p o n s iv e
by

p ro s p e c tiv e

p a tte rn s

h e lp

does,

F ed e ra l

th e

C u rren c y .

by

i t

e v id e n c e d

th e

o f

of

CRA.

s e rv e d

be

th is

G o v ern o rs

tre a tm e n t

A d m in is tra tio n

is s u in g

C o m m u n ity

com posed

le n d in g

a d d itio n ,

is
th e

B o ard
C re d it

th e
to

o b lig a tio n s

s u p e rv is io n

e n fo rc e m e n t

c re d it

o f

u n fa ir

In

D e p o s it

a g e n c ie s ,

s u b je c t

fo r

is

N a tio n a l

d iffe r e n c e s

c o m m u n itie s .

under

th e

C o u n c il

th e

F ed e ra l
th e

a re

a ffirm a tiv e

C re d it

u n io n s

of

c o n c e rn

n e ig h b o rh o o d s

th e

a ll

u n w a rra n te d

C o u n c il

C o m p tro lle r

re g u la te d

U n io n

by

th e

F ed e ra l
P la z a ,

4 4 7 -0 9 3 9 .

in te re s te d

a g e n c ie s :

B o ard ,

in s titu tio n s

(2 0 2 )

E x a m in a tio n

The

L aw ren ce,
L 'E n fa n t

STATEMENT:

o rg a n iz a tio n s
(C R A ).

J.
490

20219

IN F O R M A T IO N

Bank
o f

R o b e rt

C o u n c il,

D .C .

re g u la to ry

R e s e rv e

Home

M r.

In s titu tio n s

p erson s

in s titu tio n

F ed e ra l

tio n ,

W a s h in g to n ,

F in a n c ia l

fo r

R e in v e s tm e n t
fin a n c ia l

CONTACT:
E x a m in a tio n

R E IN V E S T M E N T A C T

F ed e ra l

s ta te m e n t

1980

In s titu tio n s

E ig h th

C O M M U N IT Y

12,

its

equal

to

expect
th e

needs

a ll

c re d it

" a n ti-re d lin in g "
c re d it

o p p o rtu n ity

to :

- 2 -

o

enco urage
th e
w ith

o

re g u la te d

lo c a l
s a fe

assess

and

th e

sound

c o m m u n ity ,

hoods ;

to

h e lp

w h ic h

m eet

th e y

th e

a re

c re d it

needs

c h a rte re d ,

of

c o n s is te n t

re c o rd

of

c o n s id e r

th o s e

p aren t

re c o rd s

a c tiv itie s

its
la s t

in c lu d in g

m e e tin g

o f

th e

h o ld in g

re q u ire m e n t

in

lo w -

th e

and

c re d it

needs

of

its

and

th e

T h is

in

o p e ra tio n ;

le n d e r 's

e n tire

o

le n d e rs

c o m m u n itie s

m o d e ra te -in c o m e

a p p lic a tio n s

e v a lu a tin g

le n d e r

o r,

in

n e ig h b o r­

expand

c e rta in

to

cases,

th o s e

one

th e

o f

com pany.

a p p lie s

to

each

a p p lic a tio n

to

o f

a g e n c ie s

fo r:

o

a

c h a rte r

fo r

a

n a tio n a l

bank

or

fe d e ra l

s a v in g s

and

lo a n

a s s o c ia tio n ;
o

d e p o s it

o

th e

e s ta b lis h m e n t

w ith
ot h e

in s u ra n c e ;

th e

a b ility

th e

or

c o n s o lid a tio n

m erg er
or

a

h o ld in g

or

a s s u m p tio n

such

a

e m p h a s iz e s

a ffirm a tiv e

o f,

a

h o ld in g
th a t

c o m m u n itie s ,
s is te n t

th e

o

s a fe

re g u la tio n s
d e fin e
th o s e

o

a

its

a

w ith ,

b ra n c h

o ffic e ;

o r a c q u is itio n
o f

a

o w n e rs h ip ,

s a v in g s

and

in s titu tio n s
m eet

and

o f

th e

re g u la te d

or

lo a n ,

th e

o p e ra tio n

and

o f

re q u ire

c o m m u n ity

lo w -

have

c re d it

c o n tro l
or

a

of

shares

fo r m a tio n

c o n tin u in g

needs

m o d e ra te -in c o m e

sound

lo c a l

o f

of

lo c a l

by th e

con­

in s titu tio n s .

each in s titu tio n

s erved

and

th e ir

n e ig h b o rh o o d s ,

th o s e

m o d e ra te -in c o m e

fo r

s ta te m e n t,

is

a

CRA

c re d it

a b le

and

CRA

e s ta b lis h

th e

fa c ility

to :

in s titu tio n

w ith o u t

n e ig h b o rh o o d s

in

a re a s ;

p re p a re

on

or

h e lp

lo w -

any

in s titu tio n
o

or

lia b ilitie s

a c q u ire

s p e c ific a lly

th e

e x c lu d in g

o th e r

com pany.

to

in c lu d in g

CRA

to

bank

fin a n c ia l

o b lig a tio n

w ith

o ffic e

o f

or

or

com pany

a s s e ts

hom e

b ra n c h

d e p o s its ;

th e

in s titu tio n ;

The

d o m e s tic

of

a s s e ts ,

CRA

a

accept

re lo c a tio n

o

o

o f
to

w illin g

f ile

on

s ta te m e n t
needs

th e

of

p u b lic

a ll
or
its
to

lis tin g

to

m ake

th e

in

c o m m e n ts
on

its

a t

o f

each

an

and

o f

lo c a l

re c e iv e d

re c o rd

c o m m u n ity
re a d

ty p e s

its

o f

by

th e

h e lp in g

m ake

o ffic e

lo a n s

o f

th e

c o m m u n ity ;

th is
th e

in s titu tio n
to

m eet

f ile

a v a il­

in s titu tio n ;

and

o

p la c e
p u b lic

in

a

p u b lic

n o tic e

lo b b y

re q u ire d

by

o f

th e

re g u la tio n s

in s titu tio n
o f

each

th e

agency.

CRA

- 3 -

A lth o u g h
i t

was

d ir e c te d

to w a rd

CRA r e g u l a t i o n s

th e ir

th e ir
a re

is

in te n d e d

The

tio n .
m ake

CRA

not

own

th a t

c re d it

c o n m u n itie s .

in

th e

c o m m u n ity
ta tiv e

best

The

to

s h o u ld

lo c a l

be

an

and

th e

c re d it
c re d it

fin a n c ia l

th a t

th o s e

and

in te g ra l

p art

to

o f

m e e tin g s

and
of

needs

in s titu tio n s

th a t

o ffic ia ls

needs,
a llo c a ­

in s titu tio n s

c re d it

fin a n c ia l

needs

g o v e rn m e n t

e a rly

im p o s e

a s s e s s in g

b e lie v e

assess

c o m m u n ity

w o u ld

in d iv id u a l

a fte r

a g e n c ie s

p o s itio n

sound

a g e n c ie s

d ir e c t

d e c is io n s

o rg a n iz a tio n s ,

g ro u p s

m e e tin g

fe d e ra l

o th e r

th e

w ith

re p re s e n ­

assessm ent

p ro cess.
S e veral

c o m m u n ity

in s titu tio n s
c e rta in

o rg a n iz a tio n s

have

poor

n e ig h b o rh o o d s

The

a g e n c ie s

b e lie v e

may

g e n e ra te

m o re

th is

d is p a rity

c re d it

in
th a t

is

not

p ra c tic e s .

on

tie s

w ith

its

th a t

accept

a re

m any

re a s o n s

th a n

lo a n

re q u e s ts ,

e v id e n c e

o f

a g e n c ie s

th e

and

c re d it

fro m

a

in

to

v e rs a ,

co n cern ed
th e

to

d e p o s its .

n e ig h b o rh o o d

v ic e

o f

fin a n c ia l

re tu rn

d is c r im in a tio n

needs

re s p o n s e

not

th e m

why

or

a re

m e e tin g

s e n s itiv ity

do

th e y

fa c e

in

p a r tic u la r

th e y

because

w hat

th e re
its

s u g g e s te d

re g u la to ry

The

p e rfo rm a n c e

have

re c o rd s

lo a n s

d e p o s its

le n d e r 's
and

le n d in g

its

and
or

w ith

th e

lo c a l

needs

o f

th a t

im p ro p e r

c o m m u n i­

each

n e ig h b o rh o o d .

F in a n c ia l
c re d it

e x a m p le ,
re la te d
w ith

in s titu tio n s

needs
th e

a g e n c ie s

in

and

th e

th e

th e

c re d it
la c k
an

e x te n t

absence

of

in

p ra c tic e s
a g a in s t,

or

th a t

an

re c o rd

of

a

o ffe rs

on

c re d it

a g e n c ie s

to

to

m eet

th e

In

a c tin g

v ie w e d

w e ig h t

to

as

g iv e

needs

upon
For
as
an

p e rfo rm a n c e .

" la c k

a ls o

th ro u g h o u t

fro m ,

in s titu tio n

re c o rd ,

has

m eet

th e

adapt

re c o rd
of

in d ic a to r

needs

w e ig h t
its

and

of

th e

d e fin e d

fa v o ra b le
lo w -

of

its
of
to

to

e x te n t

based

re a s o n

in

a

a
fo r

p a rtic u la r

and

to

p u b lic iz e

p o lic ie s

a g e n c ie s

or

an

v ie w

by

p e rfo rm a n c e

CRA r e c o r d
p o te n tia l

CRA,

fo r

its

a g e n c ie s

w ith

o th e r

fo r

p e rfo rm a n c e ,
im p ro v e m e n t

th a t

The

a

s e rv ic e s
c o m m u n ity .

c o n s id e r

an

re le v a n t

fu tu re
but
in

th e

and

c o n c e rte d

re la te d
in

of

In

c o m m u n ity .

a re a s

th e

a lo n g

ty p e s

fa v o ra b ly

in s t itu tio n 's

c o m m itm e n ts
of

th e

re a s o n a b ly

e n tire

m o d e ra te -in c o m e

co vered

d is c r im in a te

c o m m u n ity .

c o m m u n ity
its

or

its
on

s u b s ta n tia l

o ffe r

its

c r e d i t p ro g ram s and

in s titu tio n s ,
th e

any

o cc u r,

c o m m u n ity .

s ta te m e n t

o f

needs

fo r

fin a n c ia l

and

m ade

and

fu lly

p u b lic iz e

le n d in g

had

a p p lic a tio n s

com pared
dem and

and

a d e q u a te

c re d it

lo o k

n a tu re

dem and"

o f

le n d e r

CRA

th a t

h o u s in g -

d is p a r itie s

and

th e

For

account

an

as

le v e l

a s c e rta in

in

o f

each

e x is tin g
p art

th e

to

needs

c re d it

a p p lic a tio n s
CRA

lo w e r

th a t
to

such

a c c e p te d

id e n tify

h o u s in g

s p e c ific

le n d e r 's

th e

h e lp

ta ilo r

be

a

as

appear

c re d it

o f

a g e n c ie s

in s t itu t io n 's

in s t itu t io n 's
fa c to rs .

The

its

le n d e r

a ls o

e ffo rts

not

e v id e n c e

d is c o u r a g e

expect

lis te d

c la im

not
th e

to

n e ig h b o rh o o d s ,
such

W hen

a s c e rta in

s u b s ta n tia lly

o f

do

f a il

c o m m u n itie s .

d is p a ritie s

F a c to rs

d e te rm in e

n e ig h b o rh o o d

p o rtio n s

a g e n c ie s

to

w ill

s e rv ic e s .

a s s e s s in g

not

a

to

le n d e r 's

w ith o u t

such

c re d it

c re d it

A

a re a s .

or

th e ir

som e

d is p a ritie s .

e ffo rts

in

m o d e ra te -in c o m e

c o n s id e ra tio n s

a p p lic a tio n s ,

e ffo rts

The

in c o m e

th e s e

s e rv ic e s .

n e ig h b o r h o o d

its

of

o v e rlo o k

b o rro w e rs

d is c o v e r e d

and

in v e s tig a te

le n d e r 's

of

s o m e tim e s

have

lo w -

h ig h e r

a g e n c ie s

of

in

soundness

fo r

m ay

c re d itw o rth y

le n d in g

th a t

s a fe ty

of

a c tio n

m ay b e

are

g iv e n

le n d e r 's

- 4 -

The

a g e n c ie s

expect

p ro ce d u ra l

a ll

S ta ffs

p ro ce d u re s.

o f

re q u ire m e n ts

th a t

c o m m u n ity

tio n

of

when
but

th e
not

to

su p p o rt

a re

The

th e ir

in fo rm a tio n

on

be

in s tru c tiv e

or

not

fo r

h e lp in g ,

expect
to

to

tra n s fe rs

m eet

m ay

to

p ro v id e

th e

on

th e

To

d a te ,

th a t
th e

n e c e s s a ry

th e ir

a

re c o rd

The

fo r

th e
an

th e

a tte n ­

H o w ever,
en co u rag e,
and

to

e v id e n c e

p ro v id e

m o rtg a g e

lo a n

le n d e r 's

a g e n c ie s '

e x a m p le ,
dem and

ro le

in

s ta ffs

a p p lic a tio n

in fo rm e d

on

hoped

to

a g e n c ie s

For

in d ic a te

is

a p p lic a n ts

p o s s ib le .

p a rtic u la r
o f

th e

p ro te s ta n ts

dem and.

m e rits

I t

a p p lic a tio n s .

b e tw e e n

a g e n c ie s '

p a rtie s

c o m p la in ts

p ro te s tin g

e x te n t

th e

a d v is e

a p p lic a tio n s .

b rin g

th e

o b s e rv e
to

and

w ill

th e

d e c is io n

and

h e lp in g ,

to

p ro te s t
be

re a c h ed

a p p lic a tio n .
several

had

s h o u ld
o

been
be

p ro te s ts
re s o lv e d

n o te d

have
by

of

c a re fu lly

assess

A lth o u g h

o

The

w ith in

th e

w ill

in

le n d e rs

w ith

s a fe ty

re la te d

have

c re d it

p re s e n te d

th e

a d o p te d

The
th o s e

to

d e v e lo p m e n t,

s m a ll

In

d e s ig n in g

p ro ce d u re s

o f

th e

b u s in e s s
to

F in a n c ia l

le n d in g

in s titu tio n s ,

w e lc o m e

a d d itio n a l

lo c a l

a re a s

s m a ll

e x p la in

a g re e m e n ts

a re

b e tw e e n

p a rtie s

by

been

ad h ered

th e

c re d it

to
or

or

to

p ro g ram s
g o a ls ,

and

a g e n c ie s
th e ir

th e

th e

th e

p ro g ram s

to

c o n s is te n t

c o m m u n ity -

s p e c ia l

c o m m e n ts

of

p ilo t

"ta rg e t"

C R A 's

by

en co u rag e,

E x a m in a tio n

and

re c o rd

in d iv id u a ls

fo r

to

w ill
to

needs.

c re d it
w is h

fa rm

u s e fu l
The

to

n e g o tia te

th e

assess

e ffo rts

in s titu tio n s

m eet
to

a g e n c ie s

has

g o v e rn m e n ts ,

s u g g e s tio n s .

fin a n c ia l

o b lig a tio n s

th e

p urpo se

a c c o m p lis h
th e

w ill

e n fo rc e

lo c a l

In s titu tio n s

a p p re c ia te

a g e n c ie s '

th e m ,

to

In v e s tm e n ts
and

th e

H o w ever,

a g e n c ie s

g e o g ra p h ic

d is a d v a n ta g e d .

b e tw e e n

its

s p e c ia l

e c o n o m ic a lly

re s p o n s ib ilitie s

is s u e s

H o w ever,

CRA r e c o r d s .

d e c is io n s

or

a g e n c ie s

m e e tin g

soundness,

and

s p e c ific

p a rtie s .

d is c r e tio n .

agreem ent

o ffe rin g s .

in v e s tm e n ts

F ed e ra l

p a rtie s '

th e

when

new

th e

th e

p a rtie s

g ro u p s.

th a t

a lte r

any

a p p ro ve

in s titu tio n

te s t

a ll

not

in s titu tio n

M any

hope

p o s itio n s ,

e v id e n c e

a g re e m e n t,

not

a p p lic a n ts '

c o m m u n ity

and

c o n s id e r

does

th e

a g e n c ie s
th e ir

a g e n c ie s

le n d e rs

p ro te s ts

th e

and’ c la r if y
e n tire ly

a fte r

b e tw e e n

th a t:

W ith d ra w a l

o

b ee n w ith d ra w n

n e g o tia tio n

and

tio n

on

CRA g r o u n d s ,

th e

d e m o n s tra tin g

in v e s tig a g e

it

on

to

a v a ila b le

c o m m u n ic a tio n

a g e n c ie s

th o ro u g h ly

ra is e d

w ill

p ro te s te d

c o m p la in ts

in

a re

b e fo re

fu rth e r

deed

a p p lic a tio n s

c o m m e n tin g

in v o lv e d

re q u ire ,

p ro te s ta n ts .

to

a g e n c ie s

re p re s e n ta tiv e s

le n d e rs

a p p lic a tio n s
do

p a rtie s
th e

th a t

a re

h o u s in g ,
a re

th e

a ls o
fo u r

C o u n c il

th e y

have

c o m m u n ity
b e lie v e

c o m m u n ity
enco uraged .

a g e n c ie s

h a v in g

g ro u p s.
th a t

c o m m u n itie s

CRA

re c e iv e d

fro m

They

c o m m u n ic a ­
can

h e lp

- 5 en s u re

th a t

d e p o s ito ry

DATED:

S e p te m b e r

(s ig n e d )

R o b e rt

sound

J .

E x e c u tiv e

c re d it

needs

in s titu tio n s .

R o b e rt

J .

12,

1980

L aw ren ce

L aw ren ce
S e c re ta ry ,

F F IE C

a re

m et w ith in

th e

le n d in g

c a p a c ity

o f