Category: United States Federal Government

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Press Release: FDIC Issues CRA Examination Schedules for Fourth Quarter 2023 and First Quarter 2024

Source: US Federal Deposit Insurance Corporation FDIC

WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter 2023 and first quarter 2024.  CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. 

The Community Reinvestment Act is a 1977 law intended to encourage insured banks and thrifts to help meet the credit needs of the communities in which they are chartered to do business, including low- and moderate-income neighborhoods, consistent with safe and sound operations.  CRA examinations allow federal regulators to assess an institution’s record of helping to meet those needs.

CRA examinations are scheduled based on an institution’s asset size and CRA rating.  Absent reasonable cause, an institution with $250 million or less in assets and a CRA rating of Satisfactory can be subject to a CRA examination no more frequently than once every 48 months.  Absent reasonable cause, an institution with $250 million or less in assets and a CRA rating of Outstanding can be subject to a CRA examination no more frequently than once every 60 months.  

The schedules of institutions to be examined October 1, 2023, through December 31, 2023, and January 1, 2024, through March 31, 2024, are based on the best information now available and are subject to change.  For example, a regulated financial institution not otherwise scheduled for an examination may be examined in connection with the application for a deposit facility.  Alternatively, some institutions may require more time and resources than originally allotted, thus delaying other scheduled examinations.  If an institution is rescheduled for a different quarter, that information will be included on a later list. 

Federal bank and thrift regulators encourage public comment on the institutions to be examined under the CRA. Comments about FDIC-supervised institutions should be directed to the institutions themselves or to the Deputy Regional Director of the appropriate FDIC regional office (attached).  All public comments received prior to completion of a CRA examination will be considered.

The CRA examination schedules for the fourth quarter of 2023 and first quarter of 2024 are attached.  Schedules also can be obtained by calling (703) 562-2200 or (877) 275-3342, faxing a request to (703) 562-2296, or writing to:

FDIC Public Information Center
3501 Fairfax Drive
Room E-1002
Arlington, VA 22226

ATTACHMENTS:

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MEDIA CONTACT: 
LaJuan Williams-Young
202-898-3876
lwilliams-young@FDIC.gov

FDIC: PR-68-2023

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Statement by Secretary of Defense Lloyd J. Austin III Marking Two Years Since the End of the Afghanistan War

Source: United States Department of Defense

As we mark two years since the conclusion of the U.S. war in Afghanistan, we salute the valor, patriotism, and selflessness of the American service members and civilians who fought and served there over the course of 20 years.
Throughout America’s longest war, our troops showed great courage and compassion. My thoughts today are with all of the brave Americans who answered the call to duty after al-Qaeda’s terrorists attacked America—including the Pentagon itself—on September 11, 2001. We bow our heads today in memory of the 2,461 U.S. service members who never made it home, including the 13 courageous troops taken from us in the attack at Abbey Gate in the final hours of the war. We also remember the hundreds of service members from allied and partner countries who lost their lives during this 20-year war. And we honor the more than 20,000 Americans who were injured waging war in Afghanistan, including many who still bear wounds that are not visible.
In the war’s final days, the United States, along with our allies and partners, safely evacuated more than 124,000 civilians from Afghanistan, in the midst of the pandemic and in the teeth of danger. In recognition of teams that operated and excelled under these difficult and dangerous conditions, I am proud to announce the approval of the Presidential Unit Citation for the 24th Marine Expeditionary Unit, the Special Purpose Marine Air Ground Task Force-Crisis Response-Central Command, and Joint Task Force 82 of the 82nd Airborne Division and its supporting units.
We remain deeply committed to supporting the Afghan allies who fought by our sides and to helping those who are now building new lives outside their troubled homeland. We will continue to push to help resettle our Afghan allies, and I am proud that we have welcomed more than 115,000 Afghans who stood by our side to the United States over the past two years.
Today, our hearts and our prayers are with the brave Americans who volunteered to keep our country safe, with the Gold Star families whose loved ones fell in Afghanistan, with the military families who endured so much over those two decades, and with the veterans who still carry the memories and the scars of war. The war in Afghanistan is over, but our gratitude to the Americans who fought it is unending.