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.
The Federal Reserve Board released the hypothetical scenarios for its annual stress test, which helps ensure that large banks can lend to households and businesses even in a severe recession.
During the first three months of 2025, more than 1.3 million transactions were settled on the FedNow Service, a 43 percent increase over the prior quarter.
The National Federal Reserve Financial Services website presents the products and services available for institutions in the Fifth District.
Any qualified state-chartered bank may become a member of the Federal Reserve System. Learn more and view our current state member banks, bank holding companies and savings and loan holding companies.
