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Federal Reserve Bank of Philadelphia
Cascade
Federal Reserve Study Finds Evidence of Significant Impact of the Community Reinvestment Act
Kyle DeMaria
Lei Ding
Abstract

The Community Reinvestment Act (CRA) of 1977 incentivizes depository institutions to meet the credit needs of low- and moderate-income (LMI) people and neighborhoods. Federal regulators periodically examine CRA-regulated depository institutions’ (banks, hereafter)1 performance in lending and financial services. Banks’ CRA ratings are considered when regulators approve bank mergers, acquisitions, and branch openings


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Kyle DeMaria & Lei Ding, "Federal Reserve Study Finds Evidence of Significant Impact of the Community Reinvestment Act" , Federal Reserve Bank of Philadelphia, Cascade, volume 2, number 96, Summer 2017.
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Keywords: community development; CRA
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