Community and Economic Development Entities, Community Development Projects, and Other Public Welfare Investments

banking-occ · OCC · Rule · Published 2008-08-11 · Effective 2008-08-11 · 73 FR 46532

Document

Document number: E8-18410
Federal Register citation: 73 FR 46532
CFR reference: 12 CFR 24
Type: Rule
Action: Interim final rule with request for comment.
Category: banking-occ
Sub-agency: OCC
Publication date: 2008-08-11
Effective date: 2008-08-11
Treasury docket: Docket ID OCC-2008-0010

Abstract

On July 30, 2008, the President signed into law the Housing and Economic Recovery Act of 2008 (HERA). Section 2503 of the HERA revises the community development investment authority in 12 U.S.C. 24(Eleventh) to permit a national bank to make a broader range of investments designed primarily to promote the public welfare. This interim final rule implements the changes made to section 24(Eleventh) by the HERA.

Source

Authoritative: Federal Register document
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