← Treasury Federal Register rules

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

banking-occ · OCC · Rule · Published 2009-04-07 · Effective 2009-04-07 · 74 FR 15657

Document

Document number
E9-7861
Federal Register citation
74 FR 15657
CFR reference
12 CFR 24
Type
Rule
Action
Final rule.
Category
banking-occ
Sub-agency
OCC
Publication date
2009-04-07
Effective date
2009-04-07
Treasury docket
Docket ID OCC-2009-0006

Abstract

The Office of the Comptroller of the Currency (OCC) is adopting in final form and without change the interim final rule, issued on August 11, 2008, which implemented the statutory change to national banks' community development investment authority made in the Housing and Economic Recovery Act of 2008 (HERA). The OCC also is revising Appendix 1 to part 24, the CD-1 National Bank Community Development (Part 24) Investments Form, to make technical changes that are consistent with the HERA provision and the revised regulation. Section 2503 of the HERA revised the community development investment authority in section 24(Eleventh) to restore a national bank's authority to make investments designed primarily to promote the public welfare.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown