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United States Government Accountability Office Washington, DC 20548 August 28, 2012, The Honorable Judy Biggest Chairwoman Subcommittee on Insurance, Housing and Community Opportunity Committee on

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What is gao-12-869r community reinvestment act?

The GAO-12-869R Community Reinvestment Act is a report published by the United States Government Accountability Office (GAO) that assesses the implementation and effectiveness of the Community Reinvestment Act (CRA).

Who is required to file gao-12-869r community reinvestment act?

Financial institutions regulated by federal banking agencies, including banks, savings associations, and credit unions, are required to file the gao-12-869r community reinvestment act report.

How to fill out gao-12-869r community reinvestment act?

The specific instructions on how to fill out the gao-12-869r community reinvestment act report can be found in the official guidance provided by the federal banking agencies. Financial institutions must follow these instructions and provide the required information accurately.

What is the purpose of gao-12-869r community reinvestment act?

The purpose of the gao-12-869r community reinvestment act report is to evaluate and ensure that financial institutions are meeting the credit needs of their local communities, particularly low- and moderate-income neighborhoods, consistent with safe and sound banking practices.

What information must be reported on gao-12-869r community reinvestment act?

Financial institutions must report various information on the gao-12-869r community reinvestment act report, including details about their lending, investments, and services provided to meet community needs, as well as their assessment areas and the geographic distribution of their activities.

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