Logo: Independent Community Bankers of America - ICBA The Nation's Voice for Community Banks (R)
Username:
Password:

Graphic: Arrow Forgot password?
Graphic: Arrow Request Login
Contact ICBA Site Map Search ICBA
ArrowICBA Home





Members Only = Access Restricted
Last update: 04/23/14

OCC Proposes Simplifying Public Welfare Investments

WWR ARTICLE
JANUARY 17, 2003

 

OCC Proposes Simplifying Public Welfare Investments

The OCC is proposing to simplify its rules governing community development and public welfare investments by national banks to reduce regulatory burden to encourage investments. Well-managed and well-capitalized banks with a CRA rating of "satisfactory" or "outstanding" could use a shorter after-the-fact notice. Other banks would need prior OCC approval for public welfare investments, but would use a streamlined application. The proposal would redefine public welfare investments to take into account investments that have recently become more common. And finally, the proposal would eliminate the need to demonstrate community support for the investment. The proposal is available at www.occ.treas.gov. Comments are due by March 11.






ArrowsPrintable version



Button: Share

All contents copyright 2014 Independent Community Bankers of America. All rights reserved.
Privacy Statement | Legal Notice