OCC: National Bank Public Welfare Investment Authority (12 CFR 24)
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OCC: National Bank Public Welfare Investment Authority (12 CFR 24) Go Home About the OCC News and Issuances Publications Tools and Forms Topics Community Affairs Home Community Outreach Publications Resource Directories Banking the Underbanked CD Bank and CD Financial Institution Financial Literacy Foreclosure Prevention Multifamily Rental Resource Directory Native American Banking Neighborhood Stabilization Public Welfare Investments Rural Economic Development Small Business Tax Credits http://www.occ.gov/...s/resource-directories/public-welfare-investments/national-bank-public-welfare-investment-authority.html[1/9/2014 6:28:12 PM] OCC: National Bank Public Welfare Investment Authority (12 CFR 24) National banks may make investments that are primarily designed to promote the public welfare under the investment authority in 12 USC 24 (Eleventh) and the implementing regulation, 12 CFR 24. This authority allows banks to make investments if those investments primarily benefit low- and moderate-income individuals, low- and moderate-income areas, or other areas targeted by a government entity for redevelopment, or if the investments would receive consideration under 12 CFR 25.23 (the Community Reinvestment Act regulation) as a "qualified investment.” Examples of public welfare investments include those supporting affordable housing and other real estate development, providing equity for start-up and small business expansion, and revitalizing or stabilizing a government-designated area. If you need additional assistance, please call the Community Affairs Department at (202) 649-6420 or contact your District Community Affairs Officer. Public Welfare Investments Authority and Regulation 12 USC 24 (Eleventh) 12 CFR 24 Regulation OCC 2009-14 CD-1 Investment Submission Form for 12 CFR 24 Investments Requiring Prior OCC Approval Under 12 CFR 24 Part 24 Procedures and Guides CD-1 Investment Submission Form for 12 CFR 24 Common 12 CFR 24 Questions and Answers Compendium of National Bank Public Welfare Investments (1997 to 2013) Investments Requiring Prior OCC Approval Under 12 CFR 24 National Bank Public Welfare Investment "At - A - Glance" Charts Listing Investments by Year Community Development Investment Precedent Letters Quick Reference Guide to Public Welfare Investments Regulation W Special Analysis: Impact on Community Development Corporations Common 12 CFR 24 Questions and Answers are listed here to provide guidance on national bank investments using the public welfare authority or other appropriate national bank authority. After-the-Fact Notification http://www.occ.gov/...s/resource-directories/public-welfare-investments/national-bank-public-welfare-investment-authority.html[1/9/2014 6:28:12 PM] OCC: National Bank Public Welfare Investment Authority (12 CFR 24) Calculating Aggregate Outstanding Investments When Determining 12 CFR 24 Investment Limits Calculating Capital and Surplus When Determining 12 CFR 24 Investment Limits CRA Regulation and Public Welfare Investments Direct Versus Indirect Investments in CEDEs Formation of Subsidiary CDCs Government Targeted Areas Legal Authority for Community Development Investments Legal Authority for Investments in Subsidiary Community Development Entities and New Markets Tax Credits Legal Lending Limits and Public Welfare Investments Maintaining Investment Files Minority- and Women-Owned Banks and Thrifts Requesting an Increase in 12 CFR 24 Investment Limits Compendium of National Bank Public Welfare Investments (1997 to 2013) is an alphabetic listing of investments made using the public welfare investment authority of 12 CFR 24. Investments Requiring Prior OCC Approval Under 12 CFR 24 (PDF) OCC publishes this list of investments which have been determined to be inappropriate for banks' selfcertification. National Bank Public Welfare Investment "At - A - Glance" Charts lists national bank investments made under the 12 CFR 24 authority. 2nd Quarter 2013 (April 1, 2013 - June 30, 2013) (PDF) and Excel Spreadsheet 1st Quarter 2013 (January 1, 2013 - March 31, 2013) (PDF) and Excel Spreadsheet Annual 2012 (January 1, 2012 - December 31, 2012) (PDF) and Excel Spreadsheet Annual 2011 (January 1, 2011 - December 31, 2011) (PDF) and Excel Spreadsheet Annual 2010 (January 1, 2010 - December 31, 2010) (PDF) and Excel Spreadsheet Annual 2009 (January 1, 2009 - December 31, 2009) (PDF) and Excel Spreadsheet Annual 2008 (January 1, 2008 - December 31, 2008) (PDF) and Excel Spreadsheet Archive (Pre-2008) http://www.occ.gov/...s/resource-directories/public-welfare-investments/national-bank-public-welfare-investment-authority.html[1/9/2014 6:28:12 PM] OCC: National Bank Public Welfare Investment Authority (12 CFR 24) Community Development Investment Precedent Letters The OCC posts its precedent setting community development investment letters in the Electronic Interpretations and Actions section of OCC's Web site. These investments were made consistent with the 12 CFR 24 authority and reflect precedent setting actions that are consistent with the public welfare and other requirements of the regulation. Browse index of Community Development Precedent Letters. Quick Reference Guide to Public Welfare Investments (PDF) describes the guidelines for community development investments covered by 12 CFR 24. It gives an easy-to-follow list of requirements and examples of how banks make investments. Regulation W Special Analysis: Impact on Community Development Corporations (CDC) (PDF) provides guidance for 12 CFR 24 investment proposals that: (1) present issues under sections 23A and 23B of the Federal Reserve Act, and (2) involve a holding company's transfer of an interest in its CDC to one or more subsidiary banks. Upcoming Events Webinar: CRA Examination for ISBs, Wholesale and Limited Purpose Banks (New York, NY - January 16, 2014) Carolinas CRA Resource Collaborative (Charlotte, NC - February 13, 2014) National Interagency Community Reinvestment Conference (Chicago, IL - March 30, 2014- April 2, 2014) Community Affairs News E-mail List E-mail address: Type your e-mail Your Name (optional): Subscribe What's New Financing Business Development and Expansion in Rural America - November 2013 Investing in Wind Energy Using the Public Welfare Investment Authority - Fall 2013 Financial Literacy Update - January/February 2014 Year in Review Fiscal Year 2012 Extending Credit in Indian Country - August 2013 http://www.occ.gov/...s/resource-directories/public-welfare-investments/national-bank-public-welfare-investment-authority.html[1/9/2014 6:28:12 PM] OCC: National Bank Public Welfare Investment Authority (12 CFR 24) Top Tasks Contact a Community Affairs Officer Public Welfare Investments (12 CFR) Resource Directory Request a Community Affairs Print Publication Accessibility | Web Site Privacy Policy | Privacy Impact Assessments | Contact Us | Department of the Treasury | USA.gov | No Fear Act | Freedom of Information Act | HelpwithMyBank.gov | Contact Webmaster http://www.occ.gov/...s/resource-directories/public-welfare-investments/national-bank-public-welfare-investment-authority.html[1/9/2014 6:28:12 PM]
