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Public Welfare Investments: A Catalyst for Community Development
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A Look Inside ... 
Today, as the U.S. economy regains strength, banks are helping to revitalize and stabilize their local neighborhoods with investments that are mutually beneficial to banks and the communities they serve.
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Public Welfare Investment Authority Encourages Broad Array of Investment Activities National banks are using their public welfare investment authority to invest capital in much-needed community and economic development and affordable housing projects. Banks are investing in affordable housing, community and economic development, small business ventures, historic preservation, and renewable energy projects.
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Similarities, Differences Between CRA and Public Welfare Investment Authority
When planning and making community development investments, national banks must understand and comply with two regulations that share a common purpose but have somewhat differing criteria.
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Eligibility and Submission Requirements
National banks interested in making public welfare investments must comply with certain standards, make investments that benefit the public welfare, and notify the OCC of their investment plans. This article outlines public welfare investment authority standards, describes some of the more popular investments permitted, explains the OCC notification process, and provides links for further information.
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