# Community Development Corporation and Project Investments and Other Public Welfare Investments
> **OCC** · Final rule. · Published 1996-09-23 · Effective 1996-10-23 · 61 FR 49654
## Document
- **Document number:** 96-23986
- **Category:** banking-occ
- **Sub-agency:** OCC
- **Federal Register citation:** 61 FR 49654
- **CFR reference:** 12 CFR 24
- **Publication date:** 1996-09-23
- **Effective date:** 1996-10-23
- **Treasury docket:** Docket No. 96-21
## Abstract

As part of its Regulation Review Program, the Office of the Comptroller of the Currency (OCC) is revising its regulation governing national bank investments designed primarily to promote the public welfare. This final rule clarifies banks' authority; renumbers and reorganizes sections of the regulation; modifies the test for determining whether investments primarily promote the public welfare; and simplifies the regulation's investment self-certification and prior approval processes. This final rule reduces regulatory burden and inconsistencies while enhancing the ability of national banks to make community development and other public welfare investments.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1996/09/23/96-23986/community-development-corporation-and-project-investments-and-other-public-welfare-investments)
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