3 CRR-NY 76.9NY-CRR
3 CRR-NY 76.9
3 CRR-NY 76.9
76.9 Investment test.
(a) Scope of test.
The investment test evaluates a banking institution's record of helping to meet the credit needs of its assessment area(s) through qualified investments that benefit its assessment area(s) or a broader statewide or regional area that includes the banking institution's assessment area(s).
(b) Exclusion.
Activities considered under the lending or service tests may not be considered under the investment test.
(c) Affiliate investment.
At a banking institution's option, the department will consider, in its assessment of a banking institution's investment performance, a qualified investment made by an affiliate of the banking institution, if the qualified investment is not claimed by any other institution.
(d) Performance criteria.
The department evaluates the investment performance of a banking institution pursuant to criteria which may include the following:
(1) the dollar amount of qualified investments;
(2) the innovativeness or complexity of qualified investments;
(3) the responsiveness of qualified investments to credit and community development needs; and
(4) the degree to which the qualified investments are not routinely provided by private investors.
3 CRR-NY 76.9
Current through January 31, 2023
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