Joint Final Rule Regarding Community Reinvestment Act
March 30, 2005
Circular No. 11695

To All Depository Institutions and Others  
    Concerned in the Second Federal Reserve District:

The Federal Reserve Board, the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision (Agencies) adopted, in final form, without any change, the joint interim rule that was published in the Federal Register on July 8, 2004. The joint final rule conforms their regulations implementing the Community Reinvestment Act (CRA) to changes in:

  •  the Standards for Defining Metropolitan and Micropolitan Statistical Areas published by the U.S. Office of Management and Budget (OMB) in December 2000
  •  census tracts designated by the U.S. Bureau of the Census (Census), and
  •  the Board’s Regulation C, which implements the Home Mortgage Disclosure Act (HMDA).

The joint final rule also makes a technical correction to a cross-reference within the CRA regulations.

The joint final rule does not make substantive changes in the requirements of the CRA regulations, and it is identical to the joint interim rule adopted by the agencies.

The joint final rule is effective on March 28, 2005.

Federal Register notice OFFSITE pdf
Joint interim rule OFFSITE pdf

Robert Gutierrez
Examining Officer
Legal and Compliance Risk Department

William L. Rutledge
Executive Vice President