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Get the free FDIC: CRA - What is a Performance Evaluation?

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FEDERAL DEPOSIT Insurance CORPORATION CRA EVALUATIONS RELEASED FOR PUBLIC INSPECTION SEPTEMBER, 1993ZipCRA * WingStreet AddressCitySTLitchfield Ban corp Manchester State Bank The Dime Savings Bank
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Gather all necessary information and documentation such as financial statements, loan data, and community development activities.
02
Review the guidelines and requirements provided by the FDIC CRA to understand what information needs to be reported.
03
Complete the required forms accurately, ensuring all data is entered correctly and all supporting documentation is included.
04
Submit the filled-out forms and documentation to the FDIC according to the specific deadlines and procedures outlined.

Who needs fdic cra - what?

01
Financial institutions such as banks and credit unions are required to fill out FDIC CRA reports to demonstrate compliance with the Community Reinvestment Act.
02
Regulatory agencies use this information to assess the bank's commitment to meeting the credit needs of the local community, including low and moderate-income individuals and families.
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The FDIC Community Reinvestment Act (CRA) is a law that encourages depository institutions to meet the credit needs of their entire community, including low and moderate-income neighborhoods.
Depository institutions that meet certain asset thresholds are required to file FDIC CRA reports.
FDIC CRA reports can be filled out online through the FDIC's website using the required forms and guidance provided.
The purpose of FDIC CRA is to ensure that depository institutions are meeting the credit needs of all members of their community, particularly those in low and moderate-income areas.
Depository institutions must report information on their lending, investment, and service activities in their community.
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