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Community Development Corporation and Project Investments

banking-occ · OCC · Rule · Published 1995-12-28 · Effective 1996-01-01 · 60 FR 67049

Document

Document number
95-31020
Federal Register citation
60 FR 67049
CFR reference
12 CFR 24
Type
Rule
Action
Final rule.
Category
banking-occ
Sub-agency
OCC
Publication date
1995-12-28
Effective date
1996-01-01
Treasury docket
Docket No. 95-33

Abstract

The Office of the Comptroller of the Currency (OCC) is amending its Community Development Corporation and Project Investments regulation. This final rule removes a provision that requires a bank to reinvest profits, dividends, and other distributions from community development investments in activities that promote the public welfare. The purpose of the final rule is to encourage public welfare investments by national banks.

Source

Authoritative
Federal Register document
Machine
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