Circular
Agencies Issue Revised Interagency Questions and Answers on Community Reinvestment
January 6, 2009
Circular No. 12054

The federal financial institution regulatory agencies have announced the publication of new and revised Interagency Questions and Answers Regarding Community Reinvestment that, among other things, encourage financial institutions to take steps to help prevent home mortgage foreclosures.

The Questions and Answers interpret the agencies' Community Reinvestment Act (CRA) regulations and provide guidance to financial institutions and the public. The agencies proposed the Questions and Answers on July 11, 2007. After considering the comments, the agencies adopted the majority of the Questions and Answers as they were proposed or with revisions in response to the comments.

The Questions and Answers were first published under the auspices of the Federal Financial Institution Examination Council (FFIEC) in 1996, and were revised on July 12, 2001. The Questions and Answers issued today consolidate and supersede all previously published Interagency Questions and Answers.

See the press release for full details.

Press release offsite