   


financing, including public benchmarks. It clarifies eligible activities focused on low- and moderate-income, underserved and rural communities.


• Tailor CRA evaluations and data collection to bank size and type and local conditions. Smaller banks would continue to be evaluated under the existing CRA framework, with an option to be evaluated under aspects of the new proposed framework. Te proposal breaks banks into small (less than $600 million in assets), intermediate ($600 million to $2 billion in assets) and large (more than $2 billion in assets) banks.


• Maintain a unified approach (among regulators). All banks subject to CRA will abide by the same regulations, regardless of federal regulator.


WEIGHING IN Te CRA was enacted 45 years ago to encourage banks to meet the credit needs of the communities they serve, including low- and moderate-income communities, in a safe and sound manner. Although the goals of the CRA have not changed, the banking industry has changed significantly since 2005, when the last major revisions were made to CRA regulations. Tis proposal recognizes that CRA regulations need to evolve in order to address these industry changes.


Changes to regulations, especially regulations as significant as those related to CRA, are best made aſter robust public comment and engagement. All stakeholders are encouraged to take advantage of the public comment period to ensure that the final rule that is ultimately craſted benefits from a diverse set of views and input.


   within safety and soundness, beginning his career as an examiner. Visit stlouisfed.org to learn more.


WHAT DO YOU WANT TO ACHIEVE TODAY? 


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