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ECIP Instructions for Initial Supplemental Report for IDIs, BHCs and SLHCs with M&A Activity

OMB Number: 1505-0275, expiration 6/30/2026, Version #1 1

U.S. DEPARTMENT OF THE TREASURY

Emergency Capital Investment Program

Instructions for the Initial Supplemental Report for Insured 

Depository Institutions, Bank Holding Companies, and 

Savings and Loan Holding Companies that have Completed 

M&A Activity with a Non-Participating Institution

CONTENTS

I. General Instructions_______________________________________________________ 2

A. Who Must Report on Which Forms_______________________________________________ 2

B. Definitions and Rules of Practice _________________________________________________ 2

C. Organization of These Instructions _______________________________________________ 3

D. Submission of the Report: Schedule A–Baseline Qualified Lending Calculation__________ 3

E. Submission of the Report: Schedule B–Disaggregated Data on Qualified Lending and Deep 

Impact Lending ___________________________________________________________________ 5

F. Lending Activity _______________________________________________________________ 5

G. Qualified Lending____________________________________________________________ 7

II. Schedule A–Baseline Qualified Lending Calculation___________________________ 9

A. General Instructions for Schedule A–Baseline Qualified Lending Calculation ___________ 9

B. Line Item Instructions for Schedule A–Baseline Qualified Lending Calculation __________ 9

III. Schedule B – Disaggregated Data on Qualified Lending and Deep Impact Lending _ 10

A. General Instructions for Schedule B – Disaggregated Data on Qualified Lending and Deep 

Impact Lending __________________________________________________________________ 10

B. Line Item Instructions For Schedule B – Disaggregated Data on Qualified Lending and Deep 

Impact Lending __________________________________________________________________ 11

IV. Glossary ______________________________________________________________ 12
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I. GENERAL INSTRUCTIONS 

A. WHO MUST REPORT ON WHICH FORMS

An institution (Participant) participating in the Emergency Capital Investment Program (ECIP) of the 

U.S. Department of the Treasury (Treasury) that has merged with, acquired, or completed another 

business combination with another institution that is not participating in the ECIP (the Acquired 

Institution) is required to submit an Initial Supplemental Report for the Acquired Institution. 

The purpose of the Initial Supplemental Report is to establish the baseline amount of Qualified Lending, 

as defined in the Glossary, by the Acquired Institution, which will be used to measure increases in 

Qualified Lending in subsequent years during the ECIP investment period. The baseline is established by 

measuring the amount of Qualified Lending during the baseline year, which is the annual period ending 

on the last day of the last completed quarter before the merger, acquisition or other business combination 

was completed. For example, if the Participant’s acquisition of another institution closed on April 15, 

2025, submit an Initial Supplemental Report for the Acquired Institution covering the annual period 

ending on March 31, 2025. For Acquired Institutions that are bank holding companies or savings and 

loan holding companies, the baseline is established by measuring the aggregate amount of Qualified 

Lending by the bank holding company or savings and loan holding company’s insured depository 

institution subsidiaries during the baseline year.

The Initial Supplemental Report for the Acquired Institution is due concurrently with the Participant’s 

first Quarterly Supplemental Report that includes the lending of the Acquired Institution. Please refer to 

the Instructions for the Quarterly Supplemental Report for Insured Depository Institutions, Bank Holding 

Companies, and Savings and Loan Holding Companies for more information on when the Participant’s 

first Quarterly Supplemental Report that includes the lending of the Acquired Institution is due. 

Insured depository institutions, bank holding companies, and savings and loan holding companies should

use these instructions to complete the Initial Supplemental Report. Credit unions should use the 

Instructions for the Initial Supplemental Report for Credit Unions that have Completed M&A Activity 

with a Non-Participating Credit Union, not this document. Participants must prepare and file the Initial 

Supplemental Report in accordance with these instructions.

The Initial Supplemental Report has two schedules. Schedule A–Baseline Qualified Lending Calculation 

is used to calculate the baseline amount of Qualified Lending. Schedule B–Disaggregated Data on 

Qualified Lending and Deep Impact Lending is used to present further detail on the composition of the 

Acquired Institution’s Qualified Lending. Both schedules must be completed using a spreadsheet 

template, available on the ECIP website, and uploaded to the ECIP Portal, as described below. 

If you have general questions regarding this form, please contact the Emergency Capital Investment 

Program at ECIP@treasury.gov. 

B. DEFINITIONS AND RULES OF PRACTICE

Unless otherwise stated, the Initial Supplemental Report and the Instructions for the Initial Supplemental 

Report incorporate the definitions and general rules of practice embodied in the Consolidated Reports of 

Condition and Income for Banks (Call Report), as well as the instructions pertaining thereto, or the Call 
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Report of the bank holding company or savings and loan holding company’s insured depository 

institution subsidiaries.

C. ORGANIZATION OF THESE INSTRUCTIONS 

These instructions are divided into three sections:

1. General Instructions describing overall reporting requirements.

2. General Instructions and Line-Item Instructions for Schedule A–Baseline Qualified Lending 

Calculation and Schedule B–Disaggregated Data on Qualified Lending and Deep Impact Lending 

3. A Glossary of terms. 

D. SUBMISSION OF THE REPORT: SCHEDULE A–BASELINE QUALIFIED LENDING 

CALCULATION

The Participant must file the Schedule A–Baseline Qualified Lending Calculation for the Acquired 

Institution through the ECIP Portal using the following steps:

1. The person filling out the report must have a sign-on account with ID.me to validate his or her 

identity prior to accessing the ECIP Portal. Instructions for registering for an ID.me account can 

be found here: ID.me registration instructions. 

2. Download the Baseline Qualified Lending Summary Template corresponding to your institution 

type from the ECIP Portal. There are separate templates for credit unions and banks or holding 

companies. Do not change any formatting, add rows or columns, or make any other 

alteration to the template. Once filled out, the template must be uploaded in a .csv format.

3. Prepare the Qualified Lending data in accordance with these instructions and fill out the template. 

Do not enter commas, decimal points, dollar signs, letters, or symbols. Participants are strongly 

encouraged to enter zeros in any column or row for which the Participant does not have 

origination data to report. Blank cells will be treated as zeros. All fields must be completed. 

Please double-check all figures before submitting a report. Save the completed template as a 

local file on your computer or your network. 

4. Log into the ECIP Portal online, click on the “Supplemental Reporting” tab, and upload your 

template using the “Upload Files” option. 

5. Once uploaded, the “Baseline Qualified Lending” tab will generate an output report based on the 

data entered in the template, which will look similar to the example table below. Review the 

output report and confirm that the data is presented accurately. If any data is incorrect, make 

changes to your .csv file and repeat the steps to upload the corrected report. 
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6. You will be presented with a Data Output table, like the example below, which will display the 

Total Originations and Total Qualified Lending calculated based on the data reported in your .csv 

file. Please see the Line-Item Instructions for Schedule A–Baseline Qualified Lending 

Calculation (Section II.B) in these instructions for more information on how items 12A and 12B 

are calculated. Review items 12A and 12B for accuracy. If the results do not match your 

expected results, please review the .csv file for any errors and upload a corrected version.

7. You will be presented with Recipient Input fields, like the example below. Report your Baseline 

Qualified Lending in item 13A. Please see the Line-Item Instructions for Schedule A–Baseline 

Qualified Lending Calculation (Section II.B) in these instructions for more information on how to 

determine Baseline Qualified Lending. You will be required to attach a narrative explanation if 

the Participant reports an amount in item 13A that is different than the amount listed in item 12B.

8. Attach a narrative explanation of the methodology the Participant used to generate the data in 

lines 1-11, to enable Treasury to assess consistency with ECIP program requirements. Provide a 

level of detail in the narrative that would allow your organization to reproduce the report at a later 

point in time. If there are specific systems or datasets that were used to produce the report, it may 

be helpful to provide specific references to those sources (e.g., a report out of system X was used 

to calculate Y). Upload the narrative explanation as a PDF file, using the “Upload Files” option 

under the “Summary of Qualified Lending Calculation” heading in the ECIP Portal.
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9. Either the CEO or CFO of the Participant must print their name in item 13D to sign the report, 

certifying that all of the amounts listed in the report are complete and accurate. Print the title of 

the person certifying the report in item 13E.

10. Once the required fields are completed and the narrative uploaded, click “Save.”

E. SUBMISSION OF THE REPORT: SCHEDULE B–DISAGGREGATED DATA ON 

QUALIFIED LENDING AND DEEP IMPACT LENDING 

1. The person filling out the report must have a sign-on account with ID.me to validate his or her 

identity prior to accessing the ECIP Portal.

2. Download the Disaggregated Data template corresponding to your institution type from the ECIP 

Portal. There are separate templates for credit unions and banks or holding companies. Do not 

change any formatting, add rows or columns, or make any other alteration to the template. 

Once filled out, the template must be uploaded in a .csv format.

3. Prepare your disaggregated data in accordance with these instructions and fill out the template. 

Do not enter commas, decimal points, dollar signs, letters, or symbols. Participants are strongly 

encouraged to enter zeros in any column or row for which the Participant does not have 

origination data to report. Blank cells will be treated as zeros. All fields must be completed. 

Please double-check all figures before submitting a report. Save the completed template as a 

local file on your computer or your network. 

4. Log into the ECIP Portal online, click on the “Supplemental Reporting” tab, and upload your 

template using the “Upload Files” option. 

5. Once uploaded, the “Disaggregated Qualified Lending” tab will generate an output report based 

on the data entered in the template. Review the output report and confirm that the data is 

presented accurately. If any data is incorrect, make changes to your .csv file and repeat the steps 

to upload the corrected report.

6. Either the CEO or CFO of the Participant must print their name to submit the report. Print the 

title of the person submitting the report.

7. Click “Submit” to complete submission of Schedule B.

F. LENDING ACTIVITY

The Participant must report all Qualified Lending by the Acquired Institution, as defined in the Glossary,

for the annual period ending on the last day of the last completed quarter before the merger, acquisition or 

other business combination was completed (the baseline year or reporting period). Qualified Lending is a 

subset of Lending Activity, as defined in the Glossary and in this section of these instructions, and thus, a 

Participant should first identify the Acquired Institution's Lending Activity. Only Lending Activity that 

can be verified as meeting the definition of Qualified Lending should be included in the Initial 

Supplemental Report.
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Institutions that are bank holding companies or savings and loan holding companies should aggregate 

data for all of the holding company’s insured depository institution subsidiaries.

Components of Lending Activity. For purposes of the baseline, Lending Activity includes: 

• all new extensions of credit that would be reportable during the baseline year in the Call Report 

or equivalent regulatory report; 

• loans originated and sold during the baseline year, even if not reportable in the Call Report or 

equivalent regulatory report due to such sale; 

• purchases of or participations in loans during the baseline year made by non-depository CDFI 

loan funds that were originated within one year of purchase by the institution; 

• open-ended extensions of credit if the credit was originated during the baseline year; and

• direct and indirect investments during the baseline year in real estate ventures and equity 

investments without readily determinable fair values.

Exclusions. Notwithstanding anything to the contrary in these instructions, Lending Activity excludes:

• any loans made under the Paycheck Protection Program;

• the portion of any loan for which, on the date of origination, a third party other than the U.S. 

government assumed the credit risk of the loan; and

• any loan that is an extension or renewal of any existing loan unless it involves an increase of 20% 

or more in the principal amount of the loan, in which case the entire loan amount, including the 

increase, is eligible for inclusion.

Originations. Report new loans and extensions of credit completed during the reporting period. Report 

loans originated and sold during the baseline year as long as the loan was not sold on the day of 

origination. 

Lines of Credit. Report the full amount authorized (the maximum credit limit) for an open-ended 

extension of credit if the credit was established during the baseline year. For example, if the Acquired 

Institution established a $2 million line of credit during the baseline year, include $2 million in Lending 

Activity. A line of credit that is an extension or renewal of an existing line of credit is excluded from 

Lending Activity unless it involves an increase of 20% or more in the principal amount of the line of 

credit, in which case the entire authorized amount, including the increase, is eligible for inclusion. Funds 

drawn on a line of credit that was established before the baseline year must not be included in Lending 

Activity. 

Loan Purchases. Report the purchase price for purchases of or participations in loans during the baseline 

year made by non-depository CDFI loan funds that were originated within one year of purchase by the 

institution. 

Investments. Direct and indirect investments in real estate and equity investments without readily 

determinable fair values should be calculated on a cash basis. These investment categories include equity 

investments that are public welfare investments and community development investments. Do not report 

unfunded investment commitments. 
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Lending Activity Categories. The Lending Activity categories are defined based on the instructions to 

the Call Report. For example, Lending Activity reportable on Line 1 in Schedule A–Baseline Qualified 

Lending Calculation is originations of loans that would be classified as “Loans secured by construction, 

land development, and other land loans” on the Call Report or equivalent regulatory report. The Initial 

Supplemental Report measures loan originations, not loan balances. Do not report balances from the Call 

Report Schedule RC. 

Total Originations. In Schedule A and Schedule B, Participants should report the Acquired Institution's

total Lending Activity for the baseline year in the columns that ask for “Total Originations,” including 

Lending Activity that is not Qualified Lending or Deep Impact Lending. In Schedule A–Baseline 

Qualified Lending Calculation, “Total Originations” are reported in columns A and B. In Schedule B–

Disaggregated Data on Qualified Lending and Deep Impact Lending, “Total Originations” are reported in 

column A. Activity that is excluded from Lending Activity, such as loan extensions or renewals unless 

there is an increase of 20% or more in the principal amount of the loan, must not be included in “Total 

Originations.”

G. QUALIFIED LENDING 

Target Communities. Qualified Lending is a subset of Lending Activity. Lending Activity is 

considered Qualified Lending or Deep Impact Lending if it is made to one of the Target Communities in 

the table below. Refer to the Glossary to these instructions for further information on the categories of

Target Communities. 

Place-based Categories of Target Communities. To determine whether a loan is made to a place-based 

Target Community in the table below (for example, whether a loan is made to a Rural Community), use 

the address of the real property for loans collateralized by real property, and the address of the borrower 

for all other lending. 

Purchases of Loans Made by Non-depository CDFI Loan Funds. As noted above, Lending Activity

includes purchases of or participations in loans during the baseline year made by non-depository CDFI 

loan funds that were originated within one year of purchase by the institution. These purchases or 

participations are only eligible to qualify as Qualified Lending or Deep Impact Lending if the underlying 

loan is made to a Target Community listed in the table below. 

TABLE 1–TARGET COMMUNITIES

Categories of Target 

Communities

Qualified Lending Deep Impact Lending

People • LMI Borrowers

• Other Targeted Populations

• Low-income Borrowers

• Mortgage lending to 

Other Targeted

Populations

Places • Rural Communities 

• Urban Low-Income 

Communities 

• Underserved Communities 

• Minority Communities 

• Persistent Poverty Counties

• Indian Reservations and Native 

Hawaiian Homelands

• U.S. Territories
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Businesses • Small Businesses or Farms • Underserved Small Business

Borrowers or projects 

that create direct 

benefits for LMI 

communities or to 

Other Targeted 

Populations

• Affordable Housing: 

• Public Welfare and 

Community Development 

Investments if they primarily 

benefit LMI Borrowers or 

communities.

• Community Service Facility

• Deeply Affordable Housing

• Public Welfare and Community 

Development Investments if they 

primarily benefit Low-income 

Borrowers, Minority borrowers, or 

Minority Businesses. 
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II. SCHEDULE A–BASELINE QUALIFIED LENDING 

CALCULATION 

A. GENERAL INSTRUCTIONS FOR SCHEDULE A–BASELINE QUALIFIED LENDING 

CALCULATION 

Qualified Lending and Deep Impact Lending. For the purposes of the baseline, Qualified Lending and 

Deep Impact Lending count equally. Report Deep Impact Lending as part of Qualified Lending in 

Schedule A–Baseline Qualified Lending Calculation. 

Loans to Multiple Target Communities. A loan or investment may be to more than one target 

community. For example, a loan may be made to a Low-income Borrower in a Persistent Poverty 

County. In Schedule A–Baseline Qualified Lending Calculation, each loan must only be counted towards 

Qualified Lending once. That is, a loan should be counted towards Qualified Lending if it is made to any 

of the target communities outlined above. 

Narrative Explanation. Institutions may determine which of their Lending Activity meets the 

definitions of Qualified Lending by: (i) geocoding their loans against the Place-based categories of Target 

Communities; (ii) using Home Mortgage Disclosure Act data; and (iii) any other methodology or data 

which reasonably identifies Qualified Lending. The narrative should describe which methodology, or 

combination of methodologies, institutions used to identify their Qualified Lending. 

B. LINE ITEM INSTRUCTIONS FOR SCHEDULE A–BASELINE QUALIFIED LENDING 

CALCULATION 

1 - 11. For each of lines 1 through 11, report originations of the loans or investments described in the 

line number. For example, in line 1, report originations of loans that would be classified as 

“Loans secured by construction, land development, and other land loans” on the Call Report or 

equivalent regulatory report. In column A, report the total number of loan originations or 

investments. In column B, report the dollar value of total loan originations or investments. In 

column C, report the number of loan originations or investments that meet the definition of 

Qualified Lending. In column D, report the dollar value of originations or investments that meet 

the definition of Qualified Lending. 

12A. Total Originations. This is the sum of all Lending Activity of the Acquired Institution for the 

baseline year. This amount should equal the sum of column B (items 1B through 11B).

12B. Total Qualified Lending. This is the sum of all Qualified Lending (including Deep Impact 

Lending) reported for the Acquired Institution for the baseline year. This amount should equal 

the sum of column D (items 1D through 11D). 

13A. Baseline Qualified Lending. Report the Baseline Qualified Lending for the Acquired 

Institution, which should equal total Qualified Lending in item 12B. 

Treasury will use the value reported in item 13A, subject to Treasury review as necessary, as the 

Acquired Institution’s Baseline Qualified Lending, which will be added to the Participant’s 

Baseline Qualified Lending for purposes of calculating the dividend or interest rate payable on 

the ECIP instruments issued by the Participant in accordance with the terms of the instruments. 
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13B. Narrative Explanation for Schedule A. Attach a narrative explanation of the methodology the 

Participant used to generate the data in lines 1-11.

13C. Narrative Explanation for Baseline Qualified Lending. Enter a narrative explanation if the 

amount entered in item 13A is different than the amount in item 12B.

13D. CEO or CFO Certification. Either the CEO or CFO (or persons performing equivalent 

functions) of the Participant must electronically certify the accuracy of Schedule A by typing 

their name in item 13D. 

13E. CEO or CFO Title. Identify whether the certification in item 13D was provided by the CEO or 

CFO (or equivalent) of the Participant. 

III. SCHEDULE B – DISAGGREGATED DATA ON QUALIFIED 

LENDING AND DEEP IMPACT LENDING 

A. GENERAL INSTRUCTIONS FOR SCHEDULE B – DISAGGREGATED DATA ON 

QUALIFIED LENDING AND DEEP IMPACT LENDING 

Schedule B – Disaggregated Data on Qualified Lending and Deep Impact Lending collects Lending 

Activity by Qualified Lending or Deep Impact Lending category. Since Schedule B collects historical 

data based on demographic or other borrower characteristics the Acquired Institution may not have access 

to, Participants should report data in Schedule B for the Acquired Institution on a best-efforts basis using 

data that is reasonably available to the institution. Participants are not required to collect demographic or 

other borrower characteristics that they do not already have access to solely for the purpose of completing 

Schedule B. 

Loans to Multiple Target Communities. A loan or investment may be to more than one target 

community. For example, a loan may be made to a Low-income Borrower in a Persistent Poverty County. 

In Schedule B – Disaggregated Data on Qualified Lending and Deep Impact Lending, report each loan in 

each applicable target community category. For example, a loan made to a Low-income Borrower in a 

Persistent Poverty County must be included in both columns D and J. The same loan or investment may 

be included in both Qualified Lending and Deep Impact Lending. Since a single loan may be reported in 

more than one column, Treasury expects that aggregating lending activity across columns (such as adding 

together items 2B through 2S) will not equal values reported in Schedule A-Baseline Qualified Lending 

Calculation and the aggregated value will not be a useful data point. 

Purchases of Loans Made by Non-depository CDFI Loan Funds. As noted above, Lending Activity

includes purchases of or participations in loans during the baseline year made by non-depository CDFI 

loan funds that were originated within one year of purchase by the institution. In Schedule B, include as 

Deep Impact Lending purchases of or participations in loans during the baseline year made by non-profit

non-depository CDFI loan funds that were originated within one year of purchase by the institution AND

that were made to a Target Community listed under Deep Impact Lending in the table above (e.g.,

Persistent Poverty Counties). Purchases of or participations in loans during the baseline year made by 

for-profit non-depository CDFI loan funds may only be included as Qualified Lending and not Deep 

Impact Lending even if they were made to a Target Community listed under Deep Impact Lending in the 

table above. 
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B. LINE ITEM INSTRUCTIONS FOR SCHEDULE B – DISAGGREGATED DATA ON 

QUALIFIED LENDING AND DEEP IMPACT LENDING 

1 – 11. For each of lines 1 through 11, report originations of the loans or investments described in the 

line number. For example, in line 1, report originations of loans that would be classified as 

“Loans secured by construction, land development, and other land loans” on the Call Report or 

equivalent regulatory report. In column A, report the dollar value of total loan originations or 

investments. In columns B through S, report the dollar value of originations or investments that 

can be identified as having been made to the Target Community in the column heading, as 

defined in the Glossary. For example, in column B, report originations or investments that were 

made to LMI Borrowers, as defined in the Glossary. In column P, report originations or 

investments that are Public Welfare and Community Development Investments, as defined in the 

Glossary, if they primarily benefit LMI Borrowers or communities. In column S, report 

originations or investments that are Public Welfare and Community Development Investments, as 

defined in the Glossary, if they primarily benefit Low-Income Borrowers, Minority borrowers, or 

Minority Businesses.

12. Total. Report the total for each column (lines 1 through 11). 

13A. CEO or CFO Submission. Either the CEO or CFO (or persons performing equivalent functions) 

of the Participant must electronically submit Schedule B by typing their name in item 13A. 

13B. CEO or CFO Title. Identify whether the confirmation in item 13A was provided by the CEO or 

CFO (or equivalent) of the Participant. 
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IV. GLOSSARY

The following definitions apply to the Initial Supplemental Report and these instructions. 

“Affordable Housing” means financing for any affordable housing development project that has received 

a funding allocation under a state’s Low-Income Housing Tax Credit (LIHTC) program (9% or 4% 

credits) or from a U.S. Department of Housing and Urban Development grantee utilizing HOME or 

Housing Trust Fund grant funds.

“Area Median Income” means the estimated median family income as defined in the “Census and Federal

Financial Institutions Examining Council Estimated MSA/MD Median Family Income for 2020 

CRA/HMDA Reports” file located at: https://www.ffiec.gov/Medianincome.htm. 

“Community Service Facility” means financing of a facility that is a “community service facility” as 

defined in 26 USC § 42(d)(4)(C)(iii) and that is underwritten on the basis of primarily serving LowIncome Borrowers or Other Targeted Populations or are sponsored by a unit of government to serve LowIncome Borrowers or Other Targeted Populations. 

“Deep Impact Lending” is a subset of Qualified Lending. Lending Activity is considered Deep Impact 

Lending if it is made to one of the Target Communities listed in the “Deep Impact Lending” column in 

Table 1–Target Communities in these instructions.

“Deeply Affordable Housing” means financing for any (1) affordable housing units restricted to 

households earning below 30% of area median income1 for a period not less than 10 years, prorated based 

on the percentage that such units make up of the total number of housing units; or (2) Affordable Housing 

in a “high opportunity area” as defined by the Federal Housing Finance Agency in 12 C.F.R. § 1282.1(b). 

“Indian Reservations and Native Hawaiian Homelands” means (1) an “Indian Reservation” as defined in 

the CDFI Fund regulations at 12 C.F.R § 1805.104 (i.e., any geographic area that meets the requirements 

of section 4(10) of the Indian Child Welfare Act of 1978 (25 U.S.C. 1903(10)), and shall include: land 

held by incorporated Native groups, regional corporations, and village corporations, as defined in or 

established pursuant to the Alaska Native Claims Settlement Act (43 U.S.C. 1602); public domain Indian 

allotments; and former Indian reservations in the State of Oklahoma); or (2) Hawaiian Home Lands. 

“Lending Activity” means loan originations, investments or other activity that is eligible to be included in 

the Initial Supplemental Report, as explained further in the section of the General Instructions titled 

“Lending Activity.”

“LMI Borrower” means having an income of not more than: (1) for borrowers in Metropolitan Areas, 120 

percent of the area median income; and (2) for borrowers in Non-Metropolitan Areas, the greater of 120 

percent of the area median income; or 120 percent of the statewide Non-Metropolitan area median 

income.

“Low-income Borrower” means having an income of not more than: (1) for borrowers in Metropolitan 

Areas, 80 percent of the area median income; and (2) for borrowers in Non-Metropolitan Areas, the 

1 For the purposes of defining “Deeply Affordable Housing” only, “area median income” refers to the definition 

used in the restricting covenant or contract or by the developer of the housing unit. That is, if an affordable housing 

developer restricts units to households earning below 30% of area median income for a period not less than 10 years, 

those units would be considered “Deeply Affordable Housing.” 
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greater of 80 percent of the area median income; or 80 percent of the statewide Non-Metropolitan area 

median income.

“Metropolitan Area” means an area designated as such by the Office of Management and Budget pursuant 

to 44 U.S.C. 3504(e) and 31 U.S.C. 1104(d) and Executive Order 10253 (3 C.F.R., 1949–1953 Comp., p. 

758), as amended. For the Initial Supplemental Report, Participants must use the list of Metropolitan 

Areas posted to the ECIP website.

“Minority” means any Black American, Native American, Hispanic American, Asian American, Native 

Alaskan, Native Hawaiian, or Pacific Islander.

“Minority Business” means a business that is 51% or more owned by a Minority.

“Minority Communities” means a census tract where the majority of the population consists of 

Minorities. For the Initial Supplemental Report, Participants must use the list of Minority Communities 

posted to the ECIP website.

“Other Targeted Populations” means Minorities and, solely for CDFIs, populations designated as Other 

Targeted Populations for that CDFI pursuant to any regulation issued by the CDFI Fund.

“Persistent Poverty Counties” means any county, including county equivalent areas in Puerto Rico, that 

has had 20% or more of its population living in poverty over the past 30 years, as measured by the 1990 

and 2000 decennial censuses and the 2011–2015 5- year data series available from the American 

Community Survey of the Bureau of the Census or any other territory or possession of the United States 

that has had 20% or more of its population living in poverty over the past 30 years, as measured by the 

1990, 2000 and 2010 Island Areas Decennial Censuses, or equivalent data, of the Bureau of the Census. 

For the Initial Supplemental Report, Participants must use the list of Persistent Poverty Counties posted to 

the ECIP website.

“Public Welfare and Community Development Investments” means Public Welfare Investments made 

pursuant to 12 U.S.C. 24(eleventh) or 12 U.S.C. 338a as reported to a Participant’s primary federal 

financial regulator. 

“Qualified Lending” is a subset of Lending Activity. Lending Activity is considered Qualified Lending if 

it is made to one of the Target Communities listed in Table 1–Target Communities in these instructions. 

“Rural Communities” means areas within a county not contained within a Metropolitan Statistical Area, 

as defined in OMB Bulletin No. 15-01 and applied using 2010 census tracts. For the Initial Supplemental 

Report, Participants must use the list of Rural Communities posted to the ECIP website. 

“Small Businesses or Farms” means a business or farm with gross annual revenues of $1 million or less at 

the time of underwriting.

“Underserved Communities” means a local community, neighborhood, or rural district that is an 

“investment area” as defined in the CDFI Fund regulations at 12 CFR § 1805.201(b)(3)(ii). For the Initial 

Supplemental Report, Participants must use the list of Underserved Communities posted to the ECIP 

website.

“Underserved Small Business” means a business with gross annual revenues that do not exceed $100,000 

or that is majority owned by individual(s) who are Low-Income Borrowers or Other Targeted 

Populations.
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“Urban Low-Income Communities” means a local community, neighborhood, or rural district in which 

the median family income (MFI) does not exceed (1) with respect to a census tract or block numbering 

area located within a Metropolitan Area, 80% of the Metropolitan Area MFI or the national Metropolitan 

Area MFI, whichever is greater, or (2) with respect to a census tract or block numbering area located 

outside of a Metropolitan Area, 80% of the statewide Non-Metropolitan Area MFI or the national NonMetropolitan Area MFI, whichever is greater. For the Initial Supplemental Report, Participants must use 

the list of Urban Low-Income Communities posted to the ECIP website.

“U.S. Territories” means Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, and the Northern 

Mariana Islands. 
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Paperwork Reduction Act Notice.

OMB Approval No. 1505-0275

Expiration Date: June 30, 2026

The information collected will be used for the U.S. Government to set the dividend and interest rates for 

ECIP investments. The estimated burden associated with this collection of information is 160 hours per 

response. Comments concerning the accuracy of this burden estimate and suggestions for reducing this 

burden should be directed to the Office of Privacy, Transparency and Records, Department of the 

Treasury, 1500 Pennsylvania Ave., N.W., Washington, D.C. 20220. DO NOT send the form to this 

address. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of 

information unless it displays a valid control number assigned by OMB.