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FRS RIN: 7100-AD39 Publication ID: Fall 2010 
Title: Regulation BB--Community Reinvestment Act (Docket No. R-1360) 
Abstract: The Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision (collectively, the Agencies) issued this notice of proposed rulemaking to revise our rules implementing the Community Reinvestment Act (CRA). The proposed rule would incorporate into our rules recently adopted statutory language that requires the Agencies when assessing an institution's record of meeting community needs, to consider as a factor, low-cost education loans provided by the financial institution to low-income borrowers. The proposal also would incorporate into our rules statutory language that allows the Agencies when assessing an institution's record, to consider as a factor, capital investment, loan participation, and other ventures undertaken by non minority-owned and non women-owned financial institutions in cooperation with minority and women-owned institutions and low-income credit unions. The final rule differs from the proposed rule by not providing CRA consideration for originations of federal education loans to conform to legislation passed after the proposed rule was issued, under which financial institutions will no longer originate federal education loans. 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 228   
Legal Authority: 12 USC 2901 et seq   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Requested Comment   06/30/2009  74 FR 31209   
Board Expects Further Action By  12/00/2010    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Brent Lattin
Senior Attorney
Federal Reserve System
Legal Division,
Phone:202 872-4905