Authority, purposes, and scope.

CFR · 2024-01-01 · US · Title 12

(a) (2) (b) (1) Establishing the framework and criteria by which the Office of the Comptroller of the Currency (OCC) or the Federal deposit Insurance Corporation (FDIC), as appropriate, assesses a bank's or savings association's record of helping to meet the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of the bank or savings association; and (2) Providing that the OCC takes that record into account in considering certain applications. (c) (ii) With respect to subparts A, B, C, and D, and Appendices A and B— (A) The OCC has the authority to prescribe these regulations for national banks, Federal savings associations, and State savings associations and has (B) The FDIC has the authority to enforce these regulations for State savings associations. (iii) With respect to subparts A, B, C, and D, and appendix A, references to appropriate Federal banking agency will mean the OCC when the institution is a national bank or Federal savings association and the FDIC when the institution is a State savings association. (2) (ii) Except as provided in paragraph (c)(2)(i) of this section, this part does not apply to Federal branches that are uninsured, limited Federal branches, or Federal agencies, as those terms are defined in part 28 of this chapter. (3)

official document · source cfr-2024 · id 12:§ 25.11