CRA Public File
Community Reinvestment Act (CRA) Public File
In 1977 congress enacted the Community Reinvestment Act (CRA) to encourage banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations. The CRA requires federal regulators to assess the record of each bank in helping to fulfil its obligations to the community. This record will then be used to evaluate applications for future approval of bank mergers, charters, acquisitions, branch openings and deposit facilities.