January 2017 FDIC List Of Banks Examined For CRA Compliance

The Federal Deposit Insurance Corporation (FDIC) provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. The FDIC examines and supervises certain financial institutions for safety and soundness. The FDIC performs certain consumer-protection functions, and manages failed banks. On January 4, 2017 the FDIC released its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in October 2016. The CRA is a law intended to encourage insured banks and thrifts to meet local credit needs, including those of low and moderate income neighborhoods, consistent with safe and sound operations. As part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Congress mandated the public disclosure of an evaluation and rating for each bank or thrift that undergoes a CRA examination on or after July 1, 1990. To view the January 2017 complete FDIC list of banks examined for CRA compliance click on the picture below.