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#500499 - 02/17/06 06:00 PM CRA FILING WITH FFIEC
biz Offline
Diamond Poster
Joined: Nov 2005
Posts: 1,032
Midwest
We are an OTS, small institution (waslarge). Am I correct in assuming we don't have to file a CRA report with FFIEC?
We have filed the HMDA report.

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CRA
#500500 - 02/17/06 07:35 PM Re: CRA FILING WITH FFIEC
Len S Offline
Diamond Poster
Joined: Oct 2004
Posts: 2,152
Connecticut
If you are under $1 billion in assets you don't have to file your CRA small business loan data, although you should continue to collect it and monitor your activity so you can anticipate performance problems and correct them before you are examined next time. Remember, even if you are not a reporting institution, you are still accountable to perform under CRA and are subject to periodic examination. And the negative consequences of a composite SNC or NI rating are the same for all institutions. So don't report if you don't want to, but continue to monitor your own performance unless you want to suffer terminal anxiety waiting for your next exam.
_________________________
CRA Exam Preparation, CRA Performance Evaluations, Key Performance Benchmarks, & maps

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#500501 - 02/17/06 08:15 PM Re: CRA FILING WITH FFIEC
biz Offline
Diamond Poster
Joined: Nov 2005
Posts: 1,032
Midwest
Thanks-

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