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TREAS/OCC RIN: 1557-AC86 Publication ID: Spring 2004 
Title: ●Community Reinvestment Act Regulations 
Abstract: The OCC, Board of Governors of the Federal Reserve (Board), the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision (the banking agencies) are considering issuing a joint rulemaking to conform the banking agencies regulations implementing the Community Reinvestment Act (CRA) to changes in: the Standards for Defining Metropolitan and Micropolitan Statistical Areas published by the U.S. Office of Management and Budget (OMB) in December 2000; census tracts designated by the U.S. Bureau of the Census (Census); and the Board's Regulation C (12 CFR part 203), which implements the Home Mortgage Disclosure Act (HMDA). The agencies also would make a technical correction to an incorrect cross-reference within the CRA regulations. This rulemaking is technical in nature and will make no substantive changes in the requirements of the CRA regulations because the changes made by OMB, Census, and the Board already have become effective. Beginning January 1, 2004, financial institutions had to use OMB's statistical area standards, Census' geographies, and the Board's Regulation C when adjusting assessment area delinations and collecting CRA loan data. This rule simply conforms regulations to current practices. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 25   
Legal Authority: 12 USC 21    12 USC 22    12 USC 26    12 USC 27    12 USC 30    12 USC 36    12 USC 93a    12 USC 161    12 USC 215    12 USC 215a    12 USC 481    12 USC 1814    12 USC 1816    12 USC 1828c    12 USC 1835a    12 USC 2901 to 2907    12 USC 3101 to 3111   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Rule  07/00/2004    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
Agency Contact:
Margaret Hesse
Senior Counsel
Department of the Treasury
Comptroller of the Currency
Community and Consumer Law Division, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-6219
Email: margaret.hesse@occ.treas.gov