Regulators next week will release a list of the first banks to be examined under streamlined Community Reinvestment Act rules.

The list, originally scheduled for an early December release, will permit the public to comment on a bank's performance prior to an exam. The agencies will rely on these comments when determining how a bank meets the community's credit needs.

Regulators completed a two-year review of the reinvestment rules last spring, replacing a paperwork-intensive system with one based on performance. The new rules kick in Jan. 1 for banks with less than $250 million of assets. Larger banks have until July 1997.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.