other · Treasury · Rule · Published 2005-03-02 · Effective 2005-04-01 · 70 FR 10023
Document
Document number
05-4016
Federal Register citation
70 FR 10023
CFR reference
12 CFR 563
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Treasury
Publication date
2005-03-02
Effective date
2005-04-01
Treasury docket
No. 2005-09
Abstract
In this final rule, OTS is making changes to its Community Reinvestment Act (CRA) regulations to reduce burden, provide greater flexibility to meet community needs, and restore the focus of CRA to lending. Specifically, OTS is providing additional flexibility to each savings association evaluated under the large retail institution test to determine the combination of lending, investment, and service it will use to meet the credit needs of the local communities in which it is chartered, consistent with safe and sound operations.