No coin nor oath required. For personal study only.
On September 26, 1994 the federal banking regulatory agencies proposed a new Community Reinvestment Act Regulations, 12 CFR Parts 25, 228, 345, and 563e. The proposal implements a 1993 Presidential request to "replace paperwork and uncertainty with greater performance, clarity, and objectivity." The proposed regulations inlroduce new reporting requirements and three tests for compliance under the Act. Reporting coverage, while supposedly streamlined, was actually expanded to include loans to small businesses owned by minorities and women. The tests consist of a lending test, an investment test, and a service test.
๐ SIMILAR VOLUMES
In August, the federal bank regulatory agencies each proposed rules to implement an important part of Section 305 of the FDIC Improvement Act of 1991. The proposed rule responds to the requirement that risk-based capital standards be revised to account for interest rate risk. The Shadow Financial Re
In November 1994, the Office of the Comptroller of the Currency (OCC) published amendments to Part 5 of its regulation concerning policies for conducting banking activities. These amendments were proposed to reduce the regulatory burden on banks and to modernize the OCC's regulations to meet the dyn