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FRS RIN: 7100-AD39 Publication ID: Spring 2011 
Title: Regulation BB--Community Reinvestment Act (Docket No. R-1360) 
Abstract: In October 2010, the Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision (the Agencies) issued final rules under the Community Reinvestment Act (CRA) to implement a provision of the Higher Education Opportunity Act. The provision requires the Agencies to consider low-cost higher education loans to low-income borrowers as a positive factor when assessing a financial institution's record of meeting community credit needs under the CRA. The rule also incorporates a CRA statutory provision that allows the Agencies to consider a financial institution's capital investment, loan participation, and other ventures with minority-owned financial institutions, women-owned institutions and low-income credit unions as factors in assessing the institution's CRA record. 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
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 Issued Joint Final Rule  10/04/2010  75 FR 63105   
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