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OCC Bulletin 2020-103
November 25, 2020
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Chief Executive Officers of All National Banks, Federal and State Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties
The Office of the Comptroller of the Currency (OCC) issued a proposed rule and request for comment on its proposed approach to determine the Community Reinvestment Act (CRA) evaluation measure benchmarks, retail lending distribution test thresholds, and community development minimums under the June 2020 CRA final rule's (2020 final rule)1 general performance standards. The proposal also explains how the OCC would treat significant declines in CRA activities levels in connection with performance context following the establishment of the benchmarks, thresholds, and minimums. Further, the proposed rule would make clarifying and technical amendments to the 2020 final rule.
The CRA's general performance standards apply to national banks and federal and state savings associations (collectively, banks) with more than $2.5 billion in assets that are not evaluated under a strategic plan and that are not wholesale or limited purpose banks. Small, intermediate, wholesale, and limited purpose banks can also opt into and elect to be evaluated under the general performance standards. Accordingly, the proposal's provisions regarding the general performance standards apply only to community banks with assets greater than $2.5 billion or those that opt into and elect to be evaluated under the general performance standards. Further, the proposal's clarifying and technical amendments would apply to community banks to the extent that the amendments affect sections of the 2020 final rule that are applicable to those banks.
Please contact Ioan Voicu, Director, Compliance Risk Analysis Division, at (202) 649-5550; or Daniel Borman, Senior Attorney, or Jean Xiao, Attorney, Chief Counsel's Office, at (202) 649-5490.
Jonathan V. Gould
Senior Deputy Comptroller and Chief Counsel
1 85 Fed. Reg. 34734.