Banking & Supervision

The third in our Community Reinvestment Act (CRA) procedures series outlines how community development activities are evaluated for large banks, specifically under the investment test. The investment test assesses a bank’s performance of supporting community development activities through donations and qualified investments. For large banks, innovation and responsiveness also are considered factors for evaluation in the investment test. Learn more about how our examiners are evaluating community development investments in the large bank test.                          

It’s important to recognize and understand risks to the financial sector, including cybersecurity. The Richmond Fed wants to ensure our financial institutions are prepared when the FFIEC’s Cybersecurity Assessment Tool (CAT) sunsets in August 2025. Take a look at some of the resources available to help  assess cyber risk at your institution after we say goodbye to the CAT.