Community Reinvestment Act (CRA)
The Community Reinvestment Act of 1977 (CRA) encourages certain insured depository institutions to help meet the credit needs of the communities in which they are chartered, including low- and moderate-income (LMI) neighborhoods, consistent with the safe and sound operation of such institutions.
The CRA requires federal banking agencies to
- assess the institution's record of meeting the credit needs of its entire community, including LMI neighborhoods, consistent with the safe and sound operation of such institution, and
- take such record into account in its evaluation of an application for a deposit facility by such institution.
On October 24, 2023, the OCC, the Federal Reserve Board (FRB), and the Federal Deposit Insurance Corporation (FDIC) jointly issued a final rule to strengthen and modernize the Community Reinvestment Act (CRA) regulations to better achieve the purpose of the CRA.
Note: The OCC continues to assess banks' CRA performance under the 1995/2021 regulatory framework. The text of the 1995/2021 regulation can be found in: (i) the 2022, 2023, or 2024 bound versions of Title 12 of the Code of Federal Regulations; (ii) the historical version of the OCC's CRA regulation as of March 29, 2024, in the eCFR; (iii) appendix G to 12 CFR part 25 in the eCFR; or (iv) PDF form.
2023 Interagency Final Rule on CRA
- News Release 2024-32, Agencies Extend Applicability Date of Certain Provisions of their Community Reinvestment Act Final Rule
- OCC Bulletin 2024-9, Community Reinvestment Act: Supplemental Final Rule
- OCC Bulletin 2023-32, Interagency Final Rulemaking to Implement the CRA
- Community Reinvestment Act Final Rule
- News Release 2023-117, Agencies Issue Final Rule to Strengthen and Modernize Community Reinvestment Act Regulations
- Community Reinvestment Act Final Rule Fact Sheet (PDF)
- Interagency Overview of the Community Reinvestment Act Final Rule (PDF)
- News Release 2023-119, Acting Comptroller Issues Statements at FDIC Board Meeting on CRA, Special Assessments and Climate-Related Financial Risk Management
- Interagency Questions and Answers on Community Reinvestment applicable to Appendix G
