3 CRR-NY 76.10NY-CRR
3 CRR-NY 76.10
3 CRR-NY 76.10
76.10 Service test.
(a) Scope of test.
The service test evaluates a banking institution's record of helping to meet the credit needs of its assessment area(s) by analyzing both the availability and effectiveness of a banking institution's systems for delivering retail banking services and the extent and innovativeness of its community development services.
(b) Area(s) benefited.
Community development services must benefit a banking institution's assessment area(s) or a broader statewide or regional area that includes the banking institution's assessment area(s).
(c) Affiliate service.
At a banking institution's option, the department will consider, in its assessment of a banking institution's service performance, a community development service provided by an affiliate of the banking institution, if the community development service is not claimed by any other institution.
(d) Performance criteria.
The department evaluates the availability and effectiveness of a banking institution's systems for delivering retail banking services, pursuant to criteria which may include the following:
(1) the current distribution of the banking institution's branches among low-, moderate-, middle-, and upper-income geographies, giving additional consideration to branches located adjacent to low- or moderate-income geographies when such branches can be shown to serve the needs of low- or moderate-income individuals;
(2) in the context of the current distribution of its branches, the banking institution's record of opening and closing branches, particularly branches located in low- or moderate-income geographies or branches in adjacent geographies when such branches can be shown to serve the needs of low- or moderate-income individuals;
(3) the availability and effectiveness of alternative systems for delivering retail banking services (e.g., ATMs, ATMs not owned or operated by or exclusively for the banking institution, banking by telephone or computer, loan production offices, and bank-at-work or bank-by-mail programs) in low-and moderate-income geographies or primarily serving low- or moderate-income individuals; and
(4) the range of services provided in low-, moderate-, middle- and upper-income geographies and to low-, moderate-, middle- and upper-income individuals and the degree to which the services are tailored to meet the needs of those geographies and individuals.
(e) Performance criteria.
The department evaluates community development services pursuant to criteria which may include the following:
(1) the extent to which the banking institution provides community development services; and
(2) the innovativeness and responsiveness of community development services.
(f) Other performance criteria.
(1) The department will favorably consider a banking institution's marketing and/or advertising of its basic banking account as defined in section 14-f of the New York Banking Law and Part 9 of this Title or offering an approved alternative account which provides more advantageous terms for consumers than is required by section 14-f of the New York Banking Law and Part 9 of this Title.
(2) The department will favorably consider a banking institution's efforts to establish a Banking Development District, as defined in section 96-d of the New York Banking Law and Part 8 of this Title, within one or more of the institution's assessment areas.
3 CRR-NY 76.10
Current through January 31, 2023
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