New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 76 - Compliance With Community Reinvestment Act Requirements
Section 76.10 - Service test
Current through Register Vol. 46, No. 12, March 20, 2024
(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 Banking 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 Banking 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:
(e) Performance criteria. The Banking Department evaluates community development services pursuant to criteria which may include the following:
(f) Other performance criteria.