On September 3, the OCC released its Community Reinvestment Act (CRA) performance evaluations for August. The OCC evaluated 17 entities, including national banks, federal savings associations and insured federal branches of foreign banks. The assessment framework has four ratings: Outstanding, Satisfactory, Needs to Improve, and Substantial Noncompliance. Of the 17 evaluations reported by the OCC, 10 entities were rated “Satisfactory,” seven entities were rated “Outstanding,” and none were rated “Needs to Improve” or “Substantial Noncompliance.” A full list of the bank evaluations can be found here.
