# Community Development Corporation and Project Investments
> **OCC** · Final rule. · Published 1995-12-28 · Effective 1996-01-01 · 60 FR 67049
## Document
- **Document number:** 95-31020
- **Category:** banking-occ
- **Sub-agency:** OCC
- **Federal Register citation:** 60 FR 67049
- **CFR reference:** 12 CFR 24
- **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
- [Federal Register document](https://www.federalregister.gov/documents/1995/12/28/95-31020/community-development-corporation-and-project-investments)
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