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Community Reinvestment Act

The Federal Reserve Bank of New York evaluates banks' records of meeting the credit needs of communities—including low- and moderate-income neighborhoods—as set forth in the Community Reinvestment Act (CRA). A bank's record of meeting the credit needs of its community is taken into account when we consider an application to expand, merge or acquire another institution.

Features

The Community Reinvestment Act Testimony of Sandra F. Braunstein, Director, Division of Consumer and Community Affairs before the Committee on Financial Services, U.S. House of Representatives February 13, 2008

Community Reinvestment: Does Your Bank Measure Up? Learn about the Congressional Act enacted in 1977 to encourage insured banks and other depository institutions to help meet the credit needs of their communities.

Recent Ratings and Evaluations The 2006 performance ratings and evaluations made public to date.

What Do CRA Ratings Mean? "Outstanding," "Satisfactory," "Needs to improve" or "Substantial noncompliance": The key to these four ratings.

The Twenty-Fifth Anniversary of the Community Reinvestment Act: Past Accomplishments and Future Regulatory Challenges 23 pages / 208 kb