On October 1, the OCC released its CRA performance evaluations for September. The OCC evaluated 21 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 21 evaluations reported by the OCC, 16 entities were rated “Satisfactory,” five entities were rated “Outstanding,” and none were rated either “Needs to Improve” or “Substantial Noncompliance.”
