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WBK Industry News - Federal Regulatory Developments

FDIC Releases CRA Examination Schedule for Q2 2016

The Federal Deposit Insurance Corporation (FDIC) has issued the public list of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter of 2016.

This list is published pursuant to revised CRA regulations published in May 1995 that require each federal bank and thrift regulator to publish a quarterly CRA examination schedule at least 30 days before the beginning of each quarter. The examination schedule reflects the effects of an institution’s size and CRA rating on examination frequency. Absent reasonable cause, an institution with $250 million or less in assets and a CRA rating of Satisfactory can be subject to a CRA examination no more frequently than once every 48 months. Absent reasonable cause, an institution with $250 million or less in assets and a CRA rating of Outstanding can be subject to a CRA examination no more frequently than once every 60 months. The schedule of institutions to be examined April 1, 2016, through June 30, 2016, is based on the best information now available. Examination schedules may change.