CRA Related News Releases

July 31, 2008

OTS 08-033 - Federal Financial Institution Regulators Announce Availability of 2007 Small Business, Small Farm, and Community Development Lending Data

FOR RELEASE at 2:00 P.M. EDT                                     For further information 
Thursday, July 31, 2008                                                Contact: William Ruberry 
OTS 08-033                                                                   (202) 906-6677

Joint Release

Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Office of Thrift Supervision

WASHINGTON — The four federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC)—the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision—announced today the availability of data on small business, small farm, and community development lending reported by certain commercial banks and savings institutions pursuant to the Community Reinvestment Act (CRA).

An FFIEC disclosure statement on the reported 2007 CRA data is available in electronic form for each reporting commercial bank and savings institution. The FFIEC also has prepared aggregate disclosure statements of small business and small farm lending for each metropolitan statistical area and each non-metropolitan county in the United States and its territories. These statements are available for public inspection on the FFIEC web site (www.ffiec.gov/cra)

Attachments:

Fact Sheet 

Tables 

Media Contacts:

Federal Reserve Deborah Lagomarsino     (202)  452-2955
FDIC David Barr                                          (202)  898-6992
OCC Dean DeBuck                                      (202)  874-5770
OTS William Ruberry                                   (202)  906-6677

The FFIEC was established in March 1979 to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions and to promote uniformity in the supervision of financial institutions. The Council has six voting members: the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the National Credit Union Administration, the Office of Thrift Supervision, and the State Liaison Committee. 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.