 Federal Financial Institutions Examination Council |
Press Release |
| For Immediate Release | January 29, 2001 |
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The Federal Financial Institutions Examination Council (FFIEC) today announced the publication of "A Guide to CRA Data Collection and Reporting" (the CRA Data Guide) on the FFIEC's website. (www.ffiec.gov/cra). The CRA regulations generally require the annual reporting of data on small business, small farm, and community development lending by independent commercial banks and savings associations having assets of $250 million or more. Commercial banks and savings associations of any size are also generally subject to the reporting requirements, if owned by a holding company having total banking and thrift assets of $1 billion or more. In response to requests and inquiries from institutions required to report CRA data, the FFIEC developed the CRA Data Guide as a resource for these institutions as they prepare to report the data for 2000, which are due March 1, 2001.
The FFIEC was established in March 1979 to prescribe uniform principles,
standards, and report forms and to promote uniformity in the supervision
of financial institutions. The Council has five member agencies:
the Board of Governors of the Federal Reserve System, the Federal
Deposit Insurance Corporation, the National Credit Union Administration,
the Office of the Comptroller of the Currency, and the Office of
Thrift Supervision. The Council's activities are supported by interagency
task forces and by an advisory State Liaison Committee, comprised
of five representatives of state agencies that supervise financial
institutions. |
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