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F ederal reserve Ba n k DALLAS. TEXAS of Dallas 75222 C irc u la r No. 79-68 A pril 9, 1979 REGULATION BB—AMENDMENT TO THE COMMUNITY REINVESTMENT ACT (Regarding Banks Predominantly Serving M ilita ry Personnel) TO ALL MEMBER BANKS AND BANK HOLDING COMPANIES IN THE ELEVENTH FEDERAL RESERVE DISTRICT: The Board of Governors has adopted an amendment to Regulation BB (Community Reinvestment Act) which reflects a November 1978 change by Congress In the underlying Community Reinvestment Act of 1977. The change relates to those banks and other financial institutions whose business predom inantly consists of serving the needs of m ilitary personnel and related parties who are located outside the institutions' local communities. The new amendment permits those institutions whose most important aspect of business relates to meeting the financial needs of m ilitary personnel to delineate two communities for Community Reinvestment Act purposes, a "local community" and a "m ilitary community." Those community definitions for "m ilitary communities" should be delineated by w ritten description rather than a map. The amendment is effective A p ril 26, 1979. Printed on the reverse of this c irc u la r is a copy of the amendment. Member banks and others that maintain Regulations Binders should file the amendment in their binders. Any questions concerning Regulation BB should be directed to our Consumer A ffairs Section of the Bank Supervision and Regulations Department, E xt. 6171. Additional copies of this amendment w ill be furnished upon request to the Secretary's Office of this Bank, Ext. 6267. Sincerely yours, Robert H . Boykin F irst V ice President Banks and others are encouraged to use the follow ing incoming W A T S numbers in contacting this Bank: 1-8 0 0 -4 9 2 -4 4 0 3 (intrastate) and 1 -8 00 -527 -49 70 (interstate). F o r 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) BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM COMMUNITY REINVESTMENT AMENDMENT TO REGULATION BBf Effective April 26, amended as follows: 1979, Section 228.3 is SECTIO N 228.3— D E L IN E A T IO N O F C O M M U N IT Y * * * * * (1) Paragraph (b) is revised by deleting the word “A ” at the beginning o f the first sentence o f the paragraph and inserting, “ Except as pro vided in paragraph (c) o f this section, a” .. .. (c) A state member bank whose business predom inantly consists o f serving persons who are active duty or retired military personnel or their de pendents and who are located outside o f its local community or communities, may delineate a “ mili tary community” for those customers in addition to its local community or communities. Provisions o f this part concerning local communities shall also apply to military communities, except that military communities shall be delineated by a written description rather than a map. (2) New paragraph (c) is added: * * * * * tFor this Regulation to be complete as amended effective April 26. 1979, retain: 1) Printed Pamphlet as amended effective November 6, 1978; and 2 ) This slip sheet. 4-26-79
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