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" ... the convenience and needs of communities include the need for credit services as well as deposit services; and (3) regulated financial institutions have continuing and affirmative obligation to help meet the credit needs of the local communities in... "
Community Reinvestment Act Compliance: New York City Banks : Hearing Before ... - Page 155
by United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee - 1982 - 223 pages
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Summary of the Housing and Community Development Act of 1977

United States. Department of Housing and Urban Development - Community development - 1977 - 24 pages
...Reserve System, Federal Deposit Insurance Corporation and the Federal Home Loan Bank Board) to use their authority, when examining financial institutions,...such institutions to help meet the credit needs of their local communities, "consistent with the safe and sound operation of such institutions." Requirements....
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August 8, 9, 10; September 21, 1978; and appendix

United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance - Banking law - 1978 - 848 pages
...one-time occurrence — i .e., required only when the charter is granted. Instead, the law requires . . .each appropriate Federal financial supervisory agency...help meet the credit needs of the local communities. . . and requires the agencies to -. . . .assess the institution's record of meeting the credit needs...
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Hearings, Reports and Prints of the House Committee on Banking, Currency ...

United States. Congress. House. Committee on Banking, Currency, and Housing - Banking law - 1978 - 1612 pages
...one-time occurrence — ie, required only when the charter is granted. Instead, the law requires . . .each appropriate Federal financial supervisory agency...help meet the credit needs of the local communities . . . and requires the agencies to . . .assess the institution's record of meeting the credit needs...
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Community credit needs: hearings before the Subcommittee on ..., Part 2

United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance - Credit - 1978 - 822 pages
...granted. Instead, the law requires ...each appropriate Federal financial supervisory agency to use ih authority when examining financial institutions, to...help meet the credit needs of the local communities. . . and requires the agencies to . . .assess the institution's record of meeting the credit needs of...
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July 20, 25, 26; August 1, 2, and 3, 1978

United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance - Banking law - 1978 - 742 pages
...neighborhoods. However, the CRA is not limited just to housing credit; its objective is to encourage financial institutions to help meet the credit needs of the local communities in which they are chartered. This broader objective recognizes that stable, viable neighborhoods require credit for activities other...
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Tax treatment of mortgage subsidy bonds: hearings before the Committee on ...

United States. Congress. House. Committee on Ways and Means - Housing - 1979 - 388 pages
...deposit services; and (3) regulated financial institutions have continuing and affirmative obligation to help meet the credit needs of the local communities in which they are chartered. (b) It is the purpose of this title to require each appropriate Federal financial supervisory agency...
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Reinvestment and Housing Equality in Michigan: Local Decisions and Federal ...

United States Commission on Civil Rights. Michigan State Advisory Committee - Discrimination in housing - 1980 - 134 pages
...to serve credit needs: Regulated financial institutions have continuing and affirmative obligation to help meet the credit needs of the local communities in which they are chartered. The meaning which is and will be attributed to the terms "affirmative and continuing" in this passage...
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Home Mortgage Disclosure Act Extension Amendments: Hearings Before the ...

United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance - Disclosure of information - 1980 - 822 pages
...deposit services; and regulated .'financial institutions have a continuing and affirmative obligation to help meet the credit needs of the local communities in which they are chartered." On September 18th at 2:30pm, 3600 East West Highway the members of Neighborhoods Unting Project will...
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Targeting Community Development: Third Report on the Brookings Institution ...

Paul R. Dommel, Brookings Institution - Community development - 1980 - 394 pages
...mortgage loans, while the latter provides that financial institutions have an "affirmative obligation to help meet the credit needs of the local communities in which they are chartered," including lowand moderate-income areas. In addition to these varied Federal initiatives of the 1970...
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Remaking the City

John Pipkin, Mark La Gory, Judith R. Blau - Political Science - 1983 - 428 pages
...these tendencies by members of the private banking community. The Act was designed to compel banks "to meet the credit needs of the local communities in which they are chartered," and to "pay particular attention to the credit needs of low and moderate income neighborhoods." The...
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