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FDIC | RIN: 3064-AC33 | Publication ID: Fall 2000 |
Title: Disclosure and Reporting of CRA-Related Agreements | |
Abstract: This rulemaking implements the requirements of section 711 of the Gramm-Leach-Bliley Act. Section 711 requires an insured depository institution to disclose any agreement with nongovernmental entities in connection with the CRA, if the agreement involves a grant of more than $10,000 or a loan of more than $50,000 to the community group annually. In addition, annual reports must be made by the depository institutions and the nongovernmental entities to the appropriate Federal banking agency of the institutions containing information about the payments, loans, and fees paid under the agreement, and how the nongovernmental entity used the funds. | |
Agency: Federal Deposit Insurance Corporation(FDIC) | 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 346 | |
Legal Authority: PL 106-102 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Included in the Regulatory Plan: No | |
Agency Contact: Deanna Caldwell Senior Policy Analyst, Division of Supervision and Consumer Protection Federal Deposit Insurance Corporation Washington, DC 20429 Phone:202 942-3366 |