View Rule

View EO 12866 Meetings

Printer-Friendly Version Download RIN Data in XML

FDIC

RIN: 3064-AC33

Publication ID: Spring 2001

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: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 12 CFR 346
Legal Authority: 12 USC 1831y

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	05/19/2000	65 FR 31962
NPRM Comment Period End	07/21/2000
Final Action	01/10/2001	66 FR 2052
Final Action Effective	04/01/2001

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