March 6, 2017 12:24 pm

By Elva Coffey-Sears, CRCM

On January 18, 2017, the regulatory agencies published amendments to the CRA regulations. These changes reflected adjustments to the asset-size thresholds used to define small bank and intermediate small banks in the Federal Register. The FDIC also included changes to its CRA Notice requirements reflecting two technical changes regarding the manner in which they will receive public comments considered in the CRA examination process.

The FDIC Notice requirements can be found in Appendix B, 12 CFR 345. The first technical change involves the title of the official responsible for receiving public comments. Any public comments should be addressed to the Regional Director instead of the Regional Manager. The second technical change indicates public comments can be made via a new web page so comments can be submitted electronically.

What is the purpose of the CRA notice change?

If you are an FDIC regulated bank, you will need to revise your CRA notices posted in the lobby of the main office and each branch location. Your new notice should direct public comments to the FDIC Regional Director. Comments may also be submitted electronically through the FDIC’s website, so be sure to let others know.

You can find the Federal Register publication here, with the notice changes outlined on page 5356:

The CRA Notice changes were effective as of the date of publication in the Federal Register, January 18, 2017. So even though the FDIC has not issued any further notification of the change, we recommend banks update their CRA Notices as soon as possible.

American Bank Systems is here to help with any questions you might have. Connect with us at or call us at (405) 607-7000.