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OCC Bulletin 2024-1 | January 8, 2024

State Small Business Credit Initiative 2.0: Frequently Asked Questions


Chief Executive Officers of All National Banks, Federal 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) today published answers to frequently asked questions (FAQ) about the State Small Business Credit Initiative 2.0 (SSBCI) based on the facts and circumstances presented in the questions. These FAQs are not regulations and do not have the force and effect of law.

Note for Community Banks

These FAQs apply to community banks.1


These FAQs address the following topics:

  • Reporting on loans to businesses owned by socially and economically disadvantaged individuals.
  • Regulatory treatment for loans using certain SSBCI-supported credit enhancements.
  • Considerations for loans in Indian Country.
  • Community Reinvestment Act considerations.

Further Information

Please contact David Black, Community Development Expert, OCC Community Affairs, at 202-649-6420.


Grovetta N. Gardineer
Senior Deputy Comptroller for Bank Supervision Policy

Related Link

1 “Banks” refers collectively to national banks, federal savings associations, and federal branches and agencies of foreign banking organizations.