CRA Public File Update

Just a friendly reminder that your Community Reinvestment Act (CRA) public file must be updated by April 1, 2011.  This includes the BSA Training and Banking Regulations Compliance Consulting amy11 - CRA Public File Updatepublic files kept at both the main office and each branch (if applicable).  The following are some required file disclosures commonly overlooked:

  • Any branches opened or closed by the financial institution in the current year and each of the prior two calendar years;
  • Current services offered by the financial institution;
  • Up to date transaction fees charged by the financial institution; and,
  • For small and intermediate small financial institutions only, an up to date loan to deposit ratio for each quarter of the prior calendar year.

The branch file must include:

  • A copy of the public section of the bank’s most recent CRA Performance Evaluation and a list of services provided by the branch; and,
  • Within five calendar days of the request, all the information in the public files relating to the assessment area in which the branch is located.

Amy Kudlacek

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