CRA examiners will be busy in the coming months.
The Federal Deposit Insurance Corp. plans to examine nearly a thousand state nonmember banks for CRA compliance during the second quarter. The FDIC will do the most reviews in the Midwest, where 337 banks supervised by the agency's Kansas City office are scheduled to undergo CRA exams.
The Office of the Comptroller of the Currency has 277 national banks scheduled CRA exams in the quarter while the Federal Reserve has 239 exams set, and the Office of Thrift Supervision has 186.
The new CRA rules require regulators to provide a notice every quarter listing the banks that could be examined.