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FDIC RIN: 3064-AD60 Publication ID: Fall 2010 
Title: ●Community Reinvestment Act Regulations 
Abstract: The OCC, the Board, the FDIC, and the OTS (collectively, the Agencies) are issuing this proposed rule to revise provisions of our rules implementing the Community Reinvestment Act (CRA). The rule proposes to revise the term “community development” to include loans, investments, and services by financial institutions that support, enable, or facilitate projects or activities that meet the criteria described in Section 2301(c)(3) of the Housing and Economic Recovery Act of 2008 (HERA) and are conducted in designated target areas identified in plans approved by the United States Department of Housing and Urban Development (HUD) under the Neighborhood Stabilization Program, established pursuant to the HERA and the American Recovery and Reinvestment Act of 2009. The rule would provide favorable CRA consideration to such activities that, pursuant to the requirements of the program, benefit low-, moderate-, and middle-income individuals and geographies in designated target areas. Such consideration would include covered activities within an institution’s assessment area(s) and outside of its assessment area(s), as long as the institution has adequately addressed the community development needs of its assessment area(s). Favorable consideration under the new rule would only be available until two years after the last date appropriated funds for the program are required to be spent by the grantees. The Agencies will provide reasonable advance notice to institutions in the Federal Register regarding termination of the rule once a date certain has been identified. 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 25    12 CFR 228    12 CFR 345    12 CFR 563e    ...     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 USC 21    12 USC 22    12 USC 26    12 USC 27    ...   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Public Hearing  06/23/2010  75 FR 35686   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: http://www.fdic.gov/regulations/laws/index.html  
RIN Data Printed in the FR: No 
Related Agencies: Joint: TREAS/OCC, TREAS/OTS, FRS; 
Agency Contact:
Janet R Gordon
Senior Policy Analyst
Federal Deposit Insurance Corporation
550 17th Street NW.,
Washington, DC 20429
Phone:202 898-3850

Richard M. Schwartz
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-7424
Email: rischwartz@fdic.gov