three. The performance threshold to get a “Reduced Satisfactory” supporting summary is definitely the lesser of possibly:
The Board calculates the Geographic Local community Benchmark for designated census tracts for every important product line in Each and every facility-primarily based evaluation location or retail lending evaluation place.
(B) The extent to which the system has adequately justified the necessity for any program and every facet of the approach as essential in paragraph (d) of this section.
(B) The housing is found in the census tract in which the median revenue of renters is small- or moderate-cash flow and the median rent would not exceed 30 % of 80 p.c of the realm median cash flow;
(B) Inside five calendar days with the ask for, all the data the financial institution is needed to maintain beneath this section in the public file regarding the power-based assessment region where the department is found.
has precisely the same that means as that expression is defined by the Director on the Workplace of Administration and Funds.
The Board may possibly take into account a bank's Group advancement loans, Group progress investments, and Neighborhood enhancement expert services furnished outside of its facility-dependent assessment regions, as provided With this component.
two. Summing, over time in the analysis interval, the annual quantity of documented loans in the most important product or service line in the ability-based mostly assessment area or retail lending evaluation location originated by all lenders.
For every of the large lender's facility-primarily based evaluation locations, and as relevant, its retail lending assessment parts, the Board publishes within the Board's Web-site:
two. Calculating the weighting for each part geographic area and main product line as the percentage on the lender's loans in the major solution line originated or bought in the outside retail lending spot which are in the ingredient geographic area, according to loan count.
For the bank's exterior retail lending location, the Board calculates the Geographic Group Benchmark for each group of designated census tract and for each main product or service line by using a weighted common of benchmarks for each part geographic click here region as follows:
For each key product line, a Borrower Neighborhood Benchmark, calculated pursuant to paragraph IV.c of appendix A to this aspect for facility-based assessment regions and retail lending evaluation spots, and paragraph IV.e of appendix A to this component for out of doors retail lending parts.
(i) The retail lending requires of its facility-dependent assessment regions, retail lending assessment places, and outdoors retail lending location which might be lined with the prepare. A financial institution that originates or purchases loans in an item line evaluated pursuant to your Retail Lending Take a look at in § 228.
Pursuant to 12 U.S.C. 2906, the Board delivers conclusions derived below this section separately for metropolitan parts wherein a bank maintains a number of domestic department offices and for that nonmetropolitan region of a Point out if a bank maintains one or more domestic department places of work in this kind of nonmetropolitan place.