WASHINGTON - Supporters and opponents of the Community Reinvestment Act each declared victory Monday when the Federal Reserve Board reported that most banks make money lending to struggling communities but have to cope with higher delinquency rates in the process.

The central bank sent Congress its long-awaited study of the profitability and performance of CRA-related lending last year at the nation's 500 largest banking organizations. The study, required by the Gramm-Leach-Bliley Act of 1999, was part of a package of compromises involving reinvestment requirements that helped propel the landmark law's enactment.

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