The Community Reinvestment Act (CRA) evaluation schedules for the two top banking regulators show 567 banks slated for such reviews over the first two quarters of 2024.
The schedules, released last week by the Federal Deposit Insurance Corp. (FDIC) and Office of the Comptroller of the Currency (OCC), show the OCC with a total of 139 banks on its evaluation schedule during that period and the FDIC with 428.
At the OCC, the three single-largest groups to banks to be reviewed over the two quarters, by state, are in Texas (19), Ohio (17), and Illinois (15).
The FDIC published separate schedules for the first and second quarters. The first-quarter schedule shows 220 banks slated for CRA reviews, the three largest groups of them, by state, being in Minnesota (18), Texas (14), and Illinois (13). In the second quarter, among the 208 banks scheduled, the largest groups are in Iowa (19), Texas (16), and Illinois (13).
The FDIC noted that CRA examinations are scheduled based on an institution’s asset size and CRA rating. “Absent reasonable cause, an institution with $250 million or less in assets and a CRA rating of Satisfactory can be subject to a CRA examination no more frequently than once every 48 months,” it said. “Absent reasonable cause, an institution with $250 million or less in assets and a CRA rating of Outstanding can be subject to a CRA examination no more frequently than once every 60 months.”
The published review schedules are subject to change, the agencies noted.
OCC Issues First and Second Quarter 2024 CRA Evaluation Schedule
FDIC Issues CRA Examination Schedules for First Quarter 2024 and Second Quarter 2024