Circular No. 11095
October 5, 1998

FFIEC Interagency CRA Ratings Database

To All State Member Banks, and Others
Concerned, in the Second Federal Reserve District:

Following is a statement by the Federal Financial Institutions Examination Council (FFIEC):

The FFIEC has added a new CRA Rating Search function to its Internet site. This web site provides electronic access to the latest CRA ratings of financial institutions regulated by the Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision and allows consumers, researchers, community groups, and others to perform queries against a population of CRA ratings from all four regulatory agencies. The database contains CRA ratings for all examinations dating back to July 1, 1990 and will be updated quarterly with recent examination ratings.

The Community Reinvestment Act (CRA) requires the federal banking and thrift regulators, in connection with their examinations of certain depository institutions, to assess the institution’s CRA performance. A financial institution’s performance is evaluated in the context of information about the institution (financial conditions and business strategies), its community (demographic and economic data), and its competitors. Upon completion of a CRA examination, an overall CRA rating is assigned using a four-tiered rating system (Outstanding, Satisfactory, Needs to Improve, and Substantial Noncompliance).

The FFIEC Interagency CRA Rating Search allows the user to search CRA Rating Regulatory Agency ID Number, Bank Name, Regulatory Agency, City, State, Examination Method, Examination Period, and Asset Range. The results of the search can be customized via on-screen selection of fields to display, and by sort order. Links to the individual agency web also provided.

Also available is the Board of Governors CRA ratings search function. Any questions you may have on this matter may be directed, at this Bank, to Thomas C. Whitford, Bank Examiner.

Chester B. Feldberg
Executive Vice President