Version 2 — January 8, 2024

ECIP Instructions for Quarterly Supplemental Report for IDIs, BHCs, and SLHCs

OMB Number: 1505-0275, expiration June 30, 2026. 1

U.S. DEPARTMENT OF THE TREASURY

Emergency Capital Investment Program

Instructions for the Quarterly Supplemental Report for 

Insured Depository Institutions, Bank Holding Companies, 

and Savings and Loan Holding Companies

CONTENTS

I. Revisions ________________________________________________________________ 3

II. General Instructions_______________________________________________________ 6

A. Introduction__________________________________________________________________ 6

B. Organization of the Quarterly Supplemental Report ________________________________ 6

C. When Reports are Due _________________________________________________________ 7

D. Definitions and Rules of Practice_________________________________________________ 7

E. Submission of the Report _______________________________________________________ 8

F. Lending Activity _____________________________________________________________ 10

G. Qualified Lending ____________________________________________________________ 13

III. Schedule A–Summary Qualified Lending _____________________________________ 15

A. General Instructions for Schedule A–Summary Qualified Lending ___________________ 15

B. Line-item Instructions for Schedule A–Summary Qualified Lending __________________ 16

IV. Schedule B–Disaggregated Qualified Lending _________________________________ 17

A. General Instructions for Schedule B–Disaggregated Qualified Lending________________ 17

B. Line-item Instructions For Schedule B–Disaggregated Qualified Lending______________ 18

V. Schedule C–Additional demographic data on Qualified Lending __________________ 18

A. General Instructions for Schedule C–Additional Demographic Data on Qualified Lending 18

B. Line-item Instructions For Schedule C–Additional Demographic Data on Qualified Lending

20

VI. Schedule D–Additional Place-based data on Qualified Lending ___________________ 20

A. General Instructions for Schedule D–Additional Place-Based Data on Qualified Lending_ 20
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B. Line-item Instructions For Schedule D–Additional Place-Based Data on Qualified Lending

21

VII.Glossary________________________________________________________________ 23
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ECIP Instructions for Quarterly Supplemental Report for IDIs, BHCs, and SLHCs

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I. REVISIONS 

Section Correction

II “ECIP Portal” to “ECIP IMPACT Portal”

II.B “Schedule A–Summary Qualified Lending” to “Schedule A–Summary Qualified 

Lending (quarterly data)”

“Schedule B–Disaggregated Qualified Lending” to “Schedule B–Disaggregated 

Qualified Lending (quarterly data)”

“Schedule C–Additional Demographic Data on Qualified Lending” to “Schedule 

C–Additional Demographic Data on Qualified Lending (annual data)”

“Schedule D–Additional Place-based Data on Qualified Lending” to “Schedule 

D–Additional Place-based Data on Qualified Lending (annual data)”

II.E “Do not change any formatting, add rows or columns, or make any other 

alteration to the template” to “Do not change any formatting, add rows or 

columns, or make any other alteration to the template, as all altered templates will 

be rejected and will require resubmission.”

II.E Remove “Blank cells will be treated as zeros. All fields must be completed. 

Please double-check all figures before submitting a report.”

II.E “The template contains some basic validation to assist Participants with 

identifying errors. If an error is identified, the corresponding cell will be 

highlighted” to “The template contains some basic data validation to assist 

Participants with identifying errors. If an error is identified, the corresponding 

cell will be highlighted orange.”

II.E Add “If in any of the Schedule Ds, there are more than 1000 rows of data to 

report, submit additional template(s) labeled “Additional Template Sch D”.”

II.E “Be sure to follow technical directions to ensure that each report is correctly 

identified with its corresponding quarter” to “Please ensure that each report is 

correctly submitted with its corresponding quarter.”

II.E Add “The system will not require the CEO or CFO to submit the report or 

certification themselves. That is, third parties may submit the report or 

certification in the system as long as they are authorized by the CEO or CFO to 

do so, and the Participant maintains clear documentation that the CEO or CFO is 

making the certification to Treasury.”

II.G “Underserved Small Business” to “Underserved Business”

II.G (Table 1) “Small Businesses or Farms” to “Qualified Businesses, including Small 

Businesses or Farms”

“Underserved Small Business” to “Underserved Business”
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ECIP Instructions for Quarterly Supplemental Report for IDIs, BHCs, and SLHCs

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“Public Welfare and Community Development Investments if they primarily 

benefit LMI Borrowers or communities (Qualified PWI)” to “Public Welfare and 

Community Development Investments if they primarily benefit LMI Borrowers 

or communities, Minority borrowers, or Minority businesses (Qualified PWI).”

III.A “Only report Qualified Lending that is not Deep Impact Lending in columns C 

and D” to “Only report Qualified Lending that is not also Deep Impact Lending 

in columns C and D (denoted as “Qualified Lending Originations*” in the 

template). The Total Originations in columns A and B include all Lending 

Activity (i.e., the amounts in columns A and B should be at least as much as the 

sum of columns C + E and columns D + F, respectively).”

III.A Add “Any loans counted in Qualified Lending or in Deep Impact Lending should 

also be included in Total Originations.”

III.B “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” to “In 

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

definition of Qualified Lending and are not also Deep Impact Lending. In column 

D, report the dollar value of originations or investments that meet the definition of 

Qualified Lending and are not also Deep Impact Lending.”

IV.A Add “For example, a loan made to a Low-income Borrower in a Persistent 

Poverty County must also be included in columns A/B, as a Low-income 

Borrower is, by definition, also an LMI Borrower. 

Note, however, that a single loan should not be included in both a “People” 

category and a “Business” category, though both loans to People and loans to 

Businesses can also be included under the “Places” columns. For example, a 

business loan to an Underserved Business which is Minority-owned would be 

included in columns Y/Z for Underserved Business, but would not also be 

included in columns C/D for “Other Targeted Populations,” since columns C/D 

are for loans to People.”

V.A “Underserved Small Business” to “Underserved Business”

V.A “For example, a loan to a borrower who identifies as Hispanic American, 

regardless of their race, should be reported in the Hispanic American category” to 

“For example, a loan to a borrower who identifies ethnically as Hispanic 

American, regardless of their race, should be reported in the Hispanic American 

category”.

V.A Add “If that borrower also identifies as a Hispanic American, they should be 

reported in the Multiracial Borrower and Hispanic American categories.”

V.A “A loan to a small business with gross annual revenues that do not exceed 

$100,000 and that is majority owned by a Minority should likewise be reported in 

both demographic categories” to “A loan to an Underserved Business with gross 

annual revenues that do not exceed $100,000 and that is majority owned by a 
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ECIP Instructions for Quarterly Supplemental Report for IDIs, BHCs, and SLHCs

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Minority should likewise be reported in both demographic categories in Schedule 

C2”.

VI.A Add “Loans may be double counted in Schedule D8. For example, if a loan 

qualifies as both Affordable Housing and Deeply Affordable Housing and is 

therefore included in both columns AA/AB and AG/AH in Schedule B, that loan 

should be entered in Schedule D8 for each category, therefore appearing in two

rows.”

VII Add “"Qualified Business" means a Small Business or Farm, or an Underserved 

Business.”

VII “"Qualified PWI" means Public Welfare and Community Development 

Investments that primarily benefit LMI Borrowers or communities” to 

“"Qualified PWI" means Public Welfare and Community Development 

Investments that primarily benefit LMI Borrowers or communities, Minority 

borrowers, or Minority Businesses.”

VII “"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” to “"Rural Communities" means areas within a county 

not contained within a Metropolitan Statistical Area, as defined in OMB Bulletin 

No. 20-01 and applied using 2020 census tracts.”

VII “Underserved Small Business” to “Underserved Business”
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ECIP Instructions for Quarterly Supplemental Report for IDIs, BHCs, and SLHCs

OMB Number: 1505-0275, expiration June 30, 2026. 6

II. GENERAL INSTRUCTIONS 

A. INTRODUCTION

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

U.S. Department of the Treasury (Treasury) is required to submit a Quarterly Supplemental Report 

covering each quarter beginning with the closing date of its ECIP investment (the reporting period).

The primary purpose of the Quarterly Supplemental Report is to establish the growth in Qualified 

Lending, as defined in the Glossary, by a Participant over the baseline amount of Qualified Lending 

reported in the Initial Supplemental Report submitted by the Participant (Baseline Qualified Lending). In 

addition, the Quarterly Supplemental Report may also be used to measure the impact of ECIP on targeted 

communities. For Participants that are bank holding companies or savings and loan holding companies, 

Qualified Lending 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 covered quarter.

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

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

Instructions for the Quarterly Supplemental Report for Credit Unions, not this document. Participants 

must prepare and file the Quarterly Supplemental Report in accordance with these instructions.

B. ORGANIZATION OF THE QUARTERLY SUPPLEMENTAL REPORT

The Quarterly Supplemental Report has four schedules:

• Schedule A–Summary Qualified Lending (quarterly data) is used to collect the Qualified 

Lending and Deep Impact Lending, as defined in the Glossary, of a Participant for a given 

quarter. Schedule A is therefore used to establish the growth in a Participant’s Qualified Lending 

over its Baseline Qualified Lending for the purposes of calculating the payment rate on the ECIP 

preferred shares or subordinated debt issued by the Participant. 

• Schedule B–Disaggregated Qualified Lending (quarterly data) is used to present further detail 

on the composition of the Participant’s Qualified and Deep Impact Lending. 

• Schedule C–Additional Demographic Data on Qualified Lending (annual data) collects 

additional demographic data on certain categories of Qualified Lending and Deep Impact 

Lending. 

• Schedule D–Additional Place-based Data on Qualified Lending (annual data) collects 

additional geographic data on certain categories of Qualified Lending and Deep Impact Lending. 

Schedules B, C and D will be used to better understand the composition of a Participant’s Qualified 

Lending and to assess the impact of ECIP on targeted communities. 

All schedules are required to be completed in accordance with these instructions and any supplemental 

instructions issued by Treasury. All schedules must be completed using a spreadsheet template, available 

through the ECIP IMPACT Portal or on the ECIP webpage, and uploaded to the ECIP IMPACT Portal, as 

described below. 
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ECIP Instructions for Quarterly Supplemental Report for IDIs, BHCs, and SLHCs

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

ECIP@treasury.gov. 

C. WHEN REPORTS ARE DUE

Participants are required to submit each Quarterly Supplemental Report concurrently with the 

Consolidated Reports of Condition and Income for Banks (Call Report) of the Participant or its insured 

depository institution subsidiary(ies) or the FR Y-9C for the quarter covered by the Quarterly 

Supplemental Report, as set out in the ECIP Securities Purchase Agreement. 

The Quarterly Supplemental Report has four schedules. Two schedules are due quarterly, and two 

schedules are due annually, as set forth below: 

• Schedule A – Quarterly, concurrent with the Call Report or FR Y-9C for the quarter covered by 

the Quarterly Supplemental Report. 

• Schedule B – Quarterly, concurrent with the Call Report or FR Y-9C for the quarter covered by 

the Quarterly Supplemental Report. 

• Schedule C – Annually for the prior calendar year, concurrent with the Call Report or FR Y-9C 

for the quarter ending on March 31. 

• Schedule D – Annually for the prior calendar year, concurrent with the Call Report or FR Y-9C 

for the quarter ending on March 31. 

For example, Schedules A and B for the quarter ending December 31, 2023 will be due concurrently with 

the Call Report or FR Y-9C for that quarter and Schedules C and D for calendar year 2023 will be due 

concurrently with the Call Report or FR Y-9C for the quarter ending March 31, 2024. 

Submission Deadlines for 2022 and Q1 2023 Quarterly Supplemental Reports

Participants that had an ECIP closing date in 2022 are required to follow an alternate report filing 

schedule for each quarter of calendar year 2022 and for the first calendar quarter of 2023: 

• Participants must submit a Quarterly Supplemental Report with Schedules A and B for each 

quarter since their ECIP closing date by June 30, 2023. The report for each quarter must be 

submitted separately. For Participants that closed during a quarter, the Quarterly Supplemental 

Report for that quarter must include all loans from the closing date and must not include any 

loans prior to the closing date. 

• Participants must submit Schedules C & D for the period from the Participant’s ECIP closing date 

through December 31, 2022 by June 30, 2023. 

D. DEFINITIONS AND RULES OF PRACTICE

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

Supplemental Report incorporate the definitions and general rules of practice embodied in the Call 

Report, or the Call Report of the bank holding company or savings and loan holding company’s insured 

depository institution subsidiaries, as well as the instructions pertaining thereto. 
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E. SUBMISSION OF THE REPORT

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

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

found here: ID.me registration instructions. 

The schedules must be completed and uploaded together as follows: 

1. Access the ECIP IMPACT Portal via the Treasury ECIP webpage here: ECIP Webpage. 

2. Download the reporting template through either the ECIP IMPACT Portal or ECIP webpage. 

Prepare your Qualified Lending data in accordance with these instructions and fill out the 

template. Users should note the following:

a. There are separate templates for credit unions (QSR Template - CU) and banks or 

holding companies (QSR Template – BHC). Be sure to use the correct template for your 

institution type. 

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

to the template, as all altered templates will be rejected and will require 

resubmission.

c. For quarters when only Schedules A and B are due, only complete Schedules A and B. 

Do not complete Schedules C and D. For quarters when Schedules C and D are due, 

complete all four schedules. 

d. Do not enter commas, decimal points, dollar signs, letters, or symbols. 

e. Participants must enter zeros in any column or row for which the Participant does not 

have origination data to report. 

f. The template contains some basic data validation to assist Participants with identifying 

errors. If an error is identified, the corresponding cell will be highlighted orange.

g. If in any of the Schedule Ds, there are more than 1000 rows of data to report, submit 

additional template(s) labeled “Additional Template Sch D”.

h. Save the completed template as a local file on your computer or your network.

3. Log into the ECIP IMPACT Portal and click through the following path: Supplemental 

Reporting → Quarterly Supplemental Reports (QSR) → Complete Report for the relevant 

reporting period. Please ensure that each report is correctly submitted with its corresponding 

quarter.

4. Uncheck the checkboxes next to any Schedules for which you have NO data to report (i.e., a 

checked box indicates that there is reported data). 
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5. Upload the completed template using the “Upload Files” field.

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

the Quarterly Supplemental Report, to enable Treasury to assess consistency with ECIP 

program requirements.1

 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 Add’l Doc” field.

7. You will be presented with Recipient Certification fields, like the example below. Either the 

CEO or CFO of the Participant must print their name and title in the relevant fields to certify 

that the amounts listed in the report are complete and accurate. The system will not require 

the CEO or CFO to submit the report or certification themselves. That is, third parties may 

submit the report or certification in the system as long as they are authorized by the CEO or 

CFO to do so, and the Participant maintains clear documentation that the CEO or CFO is 

making the certification to Treasury.

8. Once uploaded, the Participant will be able to review the submitted data. Review the data 

and confirm that the data is presented accurately. If any data is incorrect, make changes to 

your template and repeat the steps above to upload the corrected data. 

1 The Participant must provide a methodology narrative for each schedule. The Participant may combine 

these explanations into a single document and upload this document only once. Participants also have the 

option to provide and upload narratives for each schedule separately.
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9. Once the required fields are completed and the narrative has been uploaded, click “Save.” 

10. After the uploaded report has been accepted by the program, the system will generate a 

Summary Table for the relevant year, like the example below, that provides several data

points which will be aggregated by the system to inform the calculation of the payment rate. 

Please see the Line-Item Instructions for Schedule A–Summary Qualified Lending (Section 

II.B) in these instructions for more information on how items 13A – 13F are calculated. 

F. LENDING ACTIVITY

In each Quarterly Supplemental Report, the Participant must report the number and dollar value of all 

Qualified Lending, as defined in the Glossary, for each quarter covered by the Quarterly Supplemental 

Report. 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 its Lending Activity. Participants 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 Quarterly Supplemental Report, Lending 

Activity includes:

i. all new extensions of credit that would be reportable during the reporting period in the Call 

Report or equivalent regulatory report; 

ii. loans originated and sold during the reporting period, even if not reportable in the Call Report 

or equivalent regulatory report due to such sale; 

iii. purchases of loans or participations in loans that are: (a) acquired by the Participant during 

the reporting period; (b) made by non-depository CDFI loan funds; and (c) originated within 

one year of purchase by the institution; 

iv. the pro-rata share of the Participant’s purchase of a participation in a loan that is: (a)

originated by another ECIP Participant during the reporting period; and (b) purchased by the 

Participant during the reporting period; 

v. open-ended extensions of credit if the credit was originated during the reporting period; and

vi. direct and indirect investments during the reporting period in real estate ventures and equity 

investments without readily determinable fair values.
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Exclusions. Notwithstanding anything to the contrary in these instructions, Lending Activity excludes:

i. any loans made under the Paycheck Protection Program;

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

government, or any U.S. state, territory, or locality assumed the credit risk of the loan2

; 

iii. purchases of loans or participations in loans other than those listed in bullets (iii) and (iv) 

above; and

iv. 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 reporting period 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 reporting period. For example, if the 

Participant established a $2 million line of credit during the reporting period, 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 reporting period must not be included in Lending 

Activity.

Loan Purchases and Participations. Report the purchase price for purchases of loans or participations 

in loans during the reporting period that are: (a) acquired by the Participant during the reporting period; 

(b) made by non-depository CDFI loan funds; and (c) originated within one year of purchase by the 

institution. Report the Participant’s pro-rata share of the total loan amount of a purchase of a participation 

in a loan that is: (a) originated by another ECIP Participant during the reporting period; and (b) purchased 

by the Participant during the reporting period. For the purposes of the Quarterly Supplemental Report, a 

“participation” means a loan origination or financing structure in which the ECIP Participant has assumed 

at least some credit risk of the loan on the day of origination. Purchases of loans other than from nondepository CDFI loan funds, including purchases of loans from other ECIP Participants, must not be 

included in Lending Activity.

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 and Community Development Investments. Do not report unfunded 

investment commitments.

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–Summary Qualified 

Lending 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 Quarterly

2 Credit enhancement in the form of insurance, such as credit protection insurance, is not considered an 

assumption of credit risk when the enhancement is issued at the time of origination.
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Supplemental Report measures loan originations, not loan balances. Do not report balances from the Call 

Report Schedule RC. 

Mergers, Acquisitions or Business Combinations. If the Participant has completed a merger, 

acquisition, or other business combination with another institution after the date of closing of the ECIP 

investment, the Participant must begin including the lending of the acquired institution in the Participant’s 

Quarterly Supplemental Report by the earlier of: (i) the first full quarter after the Participant and the 

acquired institution have completed integrating data management systems; and (ii) the first quarter that 

begins on or after the date that is nine months after the merger, acquisition or other business combination 

is completed. For example, if the Participant’s acquisition of another institution closed on April 15, 2025, 

the lending of the acquired institution in the Participant’s Quarterly Supplemental Report will need to be 

included beginning no later than the Quarterly Supplemental Report covering April 1, 2026 to June 30, 

2026. In addition, the Participant must adjust its baseline as follows:

• If the acquired institution is also an ECIP participant, the Initial Supplemental Report that was 

submitted by the acquired ECIP participant will be used to calculate the Baseline Qualified 

Lending for the acquired institution. 

• If the acquired institution is not an ECIP participant, the Participant must submit an Initial 

Supplemental Report for the acquired institution covering 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. 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. The Initial Supplemental Report for the acquired 

institution will be used to calculate the Baseline Qualified Lending for the acquired institution.

The Participant’s Baseline Qualified Lending will be adjusted by adding in the Baseline Qualified 

Lending for the acquired institution, which will be calculated based on the Initial Supplemental Report 

submitted by the acquired institution. For any merger, acquisition, or other business combination, for 

purposes of calculating the Participant’s dividend or interest rate based on the amount of Qualified 

Lending during the year in which the transaction occurred, Treasury will prorate the Baseline Qualified 

Lending reported by the acquired institution in its Initial Supplemental Report based on the portion of the 

relevant year after the transaction occurred. Subsequent rate adjustments will include the full Baseline 

Qualified Lending reported by the acquired institution in its Initial Supplemental Report.

Total Originations. In Schedule A and Schedule B, Participants should report their total Lending 

Activity for the reporting period in the columns that ask for “Total Originations,” including Lending 

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

Lending, “Total Originations” are reported in columns A and B. 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.”
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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. Only Lending Activity that can be verified as meeting the definition of Qualified 

Lending should be included in the Quarterly Supplemental Report.

Demographic Data Collection. Participants are required to collect sufficient data to enable them to 

complete all the fields and all the schedules in the Quarterly Supplemental Report accurately. As required 

under the ECIP Securities Purchase Agreement, the Participant’s principal executive officer or principal 

financial officer will need to certify that the information provided on each Quarterly Supplemental Report 

is accurate. Treasury expects that it will not be possible for Participants to accurately complete the 

Quarterly Supplemental Report without processes in place to attempt to collect the data necessary to 

complete all the fields and all the schedules in the Quarterly Supplemental Report accurately. Participants 

are not expected to require their customers (also referred to in these instructions as borrowers) to provide 

demographic data; a Participant’s customers may leave any fields requesting demographic data blank. If 

the Participant cannot determine the demographic characteristics of the customer, the loan cannot be 

included as Qualified Lending under the People or Business categories below for which the demographic 

characteristics of the borrower are relevant, such as loans to Other Targeted Populations.

Participants may use the following methods for collecting demographic data from customers: (i) selfreporting by customers; (ii) methods that the Participant uses for the purposes of complying with the 

Home Mortgage Disclosure Act; and (iii) methods that the Participant uses for the purposes of complying 

with CDFI Fund certification or reporting requirements. However, Participants may not use geographical 

proxies, even if such proxies are accepted for the purposes of compliance with the Home Mortgage 

Disclosure Act or CDFI Fund certification or reporting requirements. Other than the methods outlined 

above, Participants may not use any other methods or proxies to determine the demographic 

characteristics of the customer. 

Because Participants may require time to develop sufficient data-collection systems, for each Quarterly 

Supplemental Report through the report for the quarter ending on June 30, 2024, Treasury will not 

consider the Quarterly Supplemental Report to be inaccurate or incomplete solely on the basis of a lack of 

demographic data. For each such Quarterly Supplemental Report, the Participant must provide a narrative 

explanation, uploaded through the “Upload Add’l Doc” field, of their plans to implement sufficient datacollection systems and their progress in implementing those plans. The narrative must include an 

estimate of the number and dollar value of originations of loans or investments during the reporting 

period for which demographic data was not collected,3 expressed as a percentage of Total Originations as 

reported on Schedule A. Beginning with the Quarterly Supplemental Report covering the quarter ending 

September 30, 2024, Treasury will consider a Quarterly Supplemental Report to be inaccurate and 

incomplete if the Participant is not collecting sufficient demographic data to enable them to complete all 

the fields and schedules in the Quarterly Supplemental Report. 

3 For the purposes of this narrative, “not collected” refers to instances where the Recipient did not attempt 

to collect demographic data from its borrowers. Do not include instances where borrowers were asked to 

provide demographic data but chose not to respond. 
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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. In situations where a loan is made to finance one real property but is collateralized 

by another, use the address of the real property that is being financed. For example, if a Recipient 

originates a loan to finance the construction, development or purchase of property X, located in County 

A, but the loan is secured by a lien on property Y, located in County B, use the address of property X to 

determine whether the loan is made to a place-based Target Community. For loans to businesses, 

Participants may use the census tract of the business collected in accordance with the CFPB’s Small 

Business Data Collection Rule at 12 C.F.R. Part 1002, Subpart B. 

Loans to Multiple Borrowers. Loans to two or more joint applicants, such as mortgage loans, should be 

reported in either the Qualified Lending category that applies to all of the joint applicants or the 

“Multiracial Borrower” category, as applicable. Please see the section titled “Loans to Borrowers in 

Multiple Demographic Categories” in Section IV.A below for more instructions on how to report these 

loans in Schedule C. However, loans must not be double-counted within a single aggregated category. 

For example, a mortgage loan to a couple where one individual is Black American and the other 

individual is Hispanic American must only be counted once towards Deep Impact Lending on Schedule 

A, and only reported once as a Mortgage Loan to Other Targeted Populations on Schedule B. This 

approach only applies to joint loans; the characteristics of any co-signers on a loan are not considered 

when determining if a loan is Qualified Lending, other than for the purposes of identifying LMI 

Borrowers and Low-income Borrowers.

4

 In addition, this approach only applies to loans to natural 

persons, not loans to businesses or other entities. Please see the instructions for Loans to Underserved 

Businesses in Section IV below for more information on how to report loans to businesses owned by 

multiple individuals. 

Purchases of Loans Made by Non-depository CDFI Loan Funds and Purchases of Participations in 

Loans Made by Other ECIP Participants. As noted above, Lending Activity includes certain 

purchases of loans or participations in loans. These purchases of loans 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.

In each Schedule, purchases of loans or participations in loans may only be included as Deep Impact 

Lending if:

• the loan is originated by a non-profit non-depository CDFI loan funds AND made to a Target 

Community listed under Deep Impact Lending in the table below (e.g., Persistent Poverty 

Counties); or 

• the loan is originated by another ECIP Participant and made to a Target Community listed under 

Deep Impact Lending in the table below. 

Purchases of loans or participations in loans that are originated 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.

4 Please see the definitions of LMI Borrower and Low-income Borrower in the Glossary for more 

information on how to consider the income of joint applicants and co-signers. 
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TABLE 1–TARGET COMMUNITIES

Categories of Target 

Communities

Qualified Lending Deep Impact Lending

People • LMI Borrowers

• Other Targeted Populations

• Low-income Borrowers

• Mortgage lending5 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

Businesses • Qualified Businesses, including 

Small Businesses or Farms

• Underserved 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, Minority 

borrowers, or Minority 

Businesses (Qualified PWI).

• Community Service Facility

• Deeply Affordable Housing

• Public Welfare and Community 

Development Investments if they 

primarily benefit Low-income 

Borrowers, Minority borrowers, or 

Minority Businesses (Deep Impact 

PWI). 

III. SCHEDULE A–SUMMARY QUALIFIED LENDING

A. GENERAL INSTRUCTIONS FOR SCHEDULE A–SUMMARY QUALIFIED LENDING 

Qualified Lending and Deep Impact Lending. In Schedule A–Summary Qualified Lending, report 

Deep Impact Lending in columns E and F. Only report Qualified Lending that is not also Deep Impact 

Lending in columns C and D (denoted as “Qualified Lending Originations*” in the template). The Total 

Originations in columns A and B include all Lending Activity (i.e., the amounts in columns A and B 

should be at least as much as the sum of columns C + E and columns D + F, respectively). 

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–Summary Qualified Lending, each loan must only be counted towards Qualified 

Lending or Deep Impact Lending once. If a loan is counted towards Deep Impact Lending, it may not 

also be counted towards Qualified Lending. Any loans counted in Qualified Lending or in Deep Impact 

Lending should also be included in Total Originations.

Narrative Explanation. Participants 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; (iii) using any additional data that the 

Participant collects on its lending; and (iii) any other methodology or data which identifies Qualified 

5 As defined in the Glossary.
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Lending and is consistent with the instructions above regarding demographic data collection. Participants 

may not use proxies to determine their Qualified Lending; only lending that the Participant can verify as 

meeting the definition of Qualified Lending should be included. The narrative should describe which 

methodology, or combination of methodologies, Participants used to identify their Qualified Lending. 

The narrative must include an estimate of the number and dollar value of originations of loans or 

investments during the reporting period for which borrowers did not report demographic data,6 expressed 

as a percentage of Total Originations as reported on Schedule A.

Calculation of Rate Reduction. Under the ECIP Securities Purchase Agreement, Certificate of 

Designations for ECIP Preferred Stock, and Form of Subordinated Security for ECIP Subordinated Debt, 

Participants are eligible for a reduction in the dividend or interest rate on the ECIP instruments beginning 

in the third year after the investment is made. The rate is adjusted annually based on the Participant’s 

increase in Qualified Lending and Deep Impact Lending in the preceding year compared to the Baseline 

Qualified Lending as a percentage of the ECIP investment in the Participant. The Annual Qualified 

Lending that is used to calculate the payment rate for each year is lending during the 12 months ending on 

the last day of the calendar quarter immediately preceding the anniversary of the Participant’s ECIP 

closing date. For example, if a Participant closed its ECIP investment on June 20, 2022, the Annual 

Qualified Lending that is used to calculate the payment rate for each year is lending for the 12 months 

ending on March 31. 

B. LINE-ITEM INSTRUCTIONS FOR SCHEDULE A–SUMMARY QUALIFIED LENDING

1 - 11. For each of lines 1 through 11, report the number and dollar value of originations of the loans or 

investments described in the line number. For example, in line 1, report the number and dollar 

value of 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 and are not also Deep 

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

definition of Qualified Lending and are not also Deep Impact Lending. In column E, report the 

number of loan originations or investments that meet the definition of Deep Impact Lending. In 

column F, report the dollar value of originations or investments that meet the definition of Deep 

Impact Lending. 

12A/B. Total Originations. These items are the sum of all Lending Activity by the Participant for the 

reporting period. These amounts should equal the sum of columns A (items 1A through 11A) and

B (items 1B through 11B), respectively. 

12C/D. Qualified Lending Originations. These items are the sum of all Qualified Lending (excluding

Deep Impact Lending) reported by the Participant for the reporting period. These amounts should 

equal the sum of columns C (items 1C through 11C) and D (items 1D through 11D), respectively. 

6 For the purposes of this narrative, the estimate should include instances where the borrower was asked 

to provide demographic data but chose not to respond. 
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12E/F. Deep Impact Lending Originations. These items are the sum of all Deep Impact Lending 

reported by the Participant for the reporting period. These amounts should equal the sum of 

columns E (items 1E through 11E) and F (items 1F through 11F), respectively.

13A. Baseline Qualified Lending. This item is the Baseline Qualified Lending reported by the 

Participant in its Initial Supplemental Report, adjusted as required in these instructions or 

otherwise. 

13B. Applicable Investment Amount. This item is the initial investment amount made by Treasury 

in the Participant under ECIP, adjusted as required in these instructions or otherwise. 

13C. Qualified Lending Reported by Year X Quarter. These items are the Qualified and Deep 

Impact Lending reported by the Participant in its Quarterly Supplemental Reports for a given 

year. 

13D. Annual Qualified Lending. This item is the total Qualified Lending for the Participant for a 

given year, calculated by adding the sum of Qualified Lending and two (2) times the sum of Deep 

Impact Lending reported by the Participant in its Quarterly Supplemental Reports for a given 

year.

13E. Increase in Qualified Lending. This item is the difference between the Annual Qualified 

Lending reported by the Participant in its Quarterly Supplemental Reports for a given year and 

the Baseline Qualified Lending reported by the Participant in its Initial Supplemental Report, 

adjusted as necessary, calculated by subtracting item 13A from item 13D (i.e., item 13D – item 

13A). 

13F. Percentage Change in Qualified Lending. This item is the Increase in Qualified Lending 

divided by the Applicable Investment Amount, calculated by dividing item 13E by item 13B (i.e., 

item 13E ÷ item 13B). 

IV. SCHEDULE B–DISAGGREGATED QUALIFIED LENDING 

A. GENERAL INSTRUCTIONS FOR SCHEDULE B–DISAGGREGATED QUALIFIED 

LENDING

Schedule B–Disaggregated Qualified Lending collects Lending Activity by Qualified Lending or Deep 

Impact Lending category. 

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 Qualified 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 E/F and Q/R. The same loan or investment may be included in 

both Qualified Lending and Deep Impact Lending. For example, a loan made to a Low-income Borrower 

in a Persistent Poverty County must also be included in columns A/B, as a Low-income Borrower is, by 

definition, also an LMI Borrower. 

Note, however, that a single loan should not be included in both a “People” category and a “Business” 

category, though both loans to People and loans to Businesses can also be included under the “Places” 
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columns. For example, a business loan to an Underserved Business which is Minority-owned would be 

included in columns Y/Z for Underserved Business, but would not also be included in columns C/D for 

“Other Targeted Populations,” since columns C/D are for loans to People. 

Since a single loan may be reported in more than one column, Treasury expects that aggregating lending 

activity across columns (such as adding together the number or dollar value of items in columns A 

through AJ) will not equal values reported in Schedule A–Summary Qualified Lending and the 

aggregated value will not be a useful data point. 

B. LINE-ITEM INSTRUCTIONS FOR SCHEDULE B–DISAGGREGATED QUALIFIED 

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 columns A through AJ, report the number and 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 columns A and B, report the 

number and dollar value of originations or investments that were made to LMI Borrowers, as 

defined in the Glossary. In columns AC and AD, report the number and dollar value of 

originations or investments that are Qualified PWI, as defined in the Glossary. In columns AI 

and AJ, report the number and dollar value of originations or investments that are Deep Impact 

PWI, as defined in the Glossary. 

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

V. SCHEDULE C–ADDITIONAL DEMOGRAPHIC DATA ON 

QUALIFIED LENDING 

A. GENERAL INSTRUCTIONS FOR SCHEDULE C–ADDITIONAL DEMOGRAPHIC 

DATA ON QUALIFIED LENDING

Schedule C–Additional Demographic Data on Qualified Lending collects additional demographic data on 

certain categories of Qualified Lending or Deep Impact Lending. 

For loans to LMI Borrowers (columns A and B in Schedule B), Other Targeted Populations (columns C 

and D in Schedule B), mortgage lending to Other Targeted Populations (columns G and H in Schedule B), 

and loans to Underserved Businesses (columns Y and Z in Schedule B), report the number and dollar 

value of loans disaggregated by the demographic categories in the column headings. There are two tabs 

for Schedule C – one for loans to LMI Borrowers, Other Targeted Populations, and mortgage lending to 

Other Targeted Populations (Schedule C1), and one for loans to Underserved Businesses (Schedule C2). 

Loans to Borrowers in Multiple Demographic Categories. Loans to borrowers who identify across 

multiple demographic categories should generally be reported in each category to which they identify, 
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with the exception of multiracial borrowers.

7 For example, a loan to a borrower who identifies ethnically

as Hispanic American, regardless of their race, should be reported in the Hispanic American category. A 

loan to a borrower who identifies as both Black American and Hispanic American should be reported in 

both categories. A loan to a borrower who identifies as more than one race, at least one of which is a 

Minority as defined in the Glossary, regardless of their ethnicity, should be reported in the Multiracial 

Borrower category. For example, a loan to a borrower that identifies as Black American and Asian 

American should be reported in the Multiracial Borrower category. If that borrower also identifies as a 

Hispanic American, they should be reported in the Multiracial Borrower and Hispanic American 

categories. 

Joint applicants should be treated similarly to the above. For example, a loan to a couple where one

person is Black American and one person is Hispanic American should be reported in both categories. A 

loan to a couple where one person is Black American and the other person is Asian American should be 

reported in the Multiracial Borrower category. 

A loan to an Underserved Business with gross annual revenues that do not exceed $100,000 and that is 

majority owned by a Minority should likewise be reported in both demographic categories in Schedule 

C2. 

Loans to Underserved Businesses. “Underserved Business” includes a business that is majority owned 

by Minorities. In Schedule C2, report in columns E through P and S through T loans to businesses that 

are majority owned by Minorities of a single race or ethnicity and otherwise owned by individuals who 

are not known to be Minorities.

8 For example, a loan to a business that is 60% owned by Black 

Americans and 40% owned by individuals who are not known to be Minorities should be reported in 

columns E and F. A loan to a business that is majority owned by individuals who identify across multiple 

demographics should be reported in each category to which they identify, with the exception of 

multiracial borrowers, consistent with the instructions above. For example, a loan to a business that is 

75% owned by an individual that identifies as both Black American and Hispanic American should be 

reported in columns E and F and S and T. A loan to a business that is 75% owned by an individual that 

identifies as both Black American and Asian American should be reported in columns Q and R. Report 

loans to businesses that are majority owned by more than one Minority individual of different races or 

ethnicities in columns Q and R. For example, a loan to a business that is 30% owned by a Black 

American and 30% owned by a Hispanic American should be reported in columns Q and R. A loan to a 

business that is 60% owned by a Black American and 30% owned by a Hispanic American should 

similarly be reported in columns Q and R. 

If a Participant is using the demographic data of a business’ principal owners, as defined by and 

consistent with the CFPB’s Small Business Data Collection Rule at 12 C.F.R. Part 1002, Subpart B, and 

the Participant does not have sufficient demographic data on a business’ principal owners to allocate the

loan to an appropriate column in Schedule C2, the loan should be reported in columns U and V 

(Incomplete Data on Principal Owners). For example, if a loan is identified as a minority-owned business 

7 For the purposes of QSR reporting, “Hispanic” is considered a borrower’s ethnicity, not race, consistent 

with the CFPB’s treatment of race and ethnicity under the Home Mortgage Disclosure Act and the Small 

Business Data Collection Rule. 

8 For the purposes of reporting loans to Underserved Businesses, individuals whose race or ethnicity is 

unknown are considered individuals who are not known to be Minorities. 
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under the CFPB’s Small Business Data Collection Rule but the Participant only has demographic data on 

one principal owner that owns 25% of the business, the loan should be reported in columns U and V. 

B. LINE-ITEM INSTRUCTIONS FOR SCHEDULE C–ADDITIONAL DEMOGRAPHIC 

DATA ON QUALIFIED 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 Schedule C—Additional Demographic Data for Qualified 

Lending, in each column, report the number or dollar value of total loan originations or 

investments, as applicable, to borrowers identified in the column heading. For example, in 

Schedule C1—Additional Demographic Data for Qualified Lending (People), report the number 

and dollar value of loans to borrowers with income at 50% or below of Area Median Income in 

columns A and B. In Schedule C2—Additional Demographic Data for Qualified Lending 

(Businesses), report the number and dollar value of loans to businesses with gross annual 

revenues that do not exceed $100,000 in columns A and B. 

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

VI. SCHEDULE D–ADDITIONAL PLACE-BASED DATA ON 

QUALIFIED LENDING 

A. GENERAL INSTRUCTIONS FOR SCHEDULE D–ADDITIONAL PLACE-BASED DATA 

ON QUALIFIED LENDING

Schedule D–Additional Place-based Data on Qualified Lending collects additional place-based data on 

certain categories of Qualified Lending or Deep Impact Lending. 

For the place-based categories of Qualified Lending and Deep Impact Lending, report the counties, 

census tracts, or other geographic area the lending or investment was made to and the total number and 

dollar value of originations to each geographic area. 

The following categories of lending or investment should be reported at the county level:

• Rural Communities (columns I and J in Schedule B) – Schedule D1

• Persistent Poverty Counties (columns Q and R in Schedule B) – Schedule D5

Reporting at the county level is subject to a de minimis exemption. Only for lending to Rural 

Communities (Schedule D1) and Persistent Poverty Counties (Schedule D5), counties that contain less 

than 5% of the Participant’s lending for that category by dollar value are excluded from reporting on 

Schedule D. For example, for lending to Rural Communities, the Participant should start with the total

dollar value of originations in Rural Communities reported in Schedule B, item 12J. That lending should 

then be disaggregated by county, and the Participant should report in Schedule D1 lending to any counties 

that have 5% or more of the lending reported in Schedule B, item 12J. 

The following categories of lending or investment should be reported at the census tract level:
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• Urban Low-Income Communities (columns K and L in Schedule B) – Schedule D2

• Underserved Communities (columns M and N in Schedule B) – Schedule D3

• Minority Communities (columns O and P in Schedule B) – Schedule D4

Report additional place-based data on lending to Indian Reservations and Native Hawaiian Homelands 

(columns S and T in Schedule B) on Schedule D6, disaggregated by the American Indian Area, as defined 

by the United States Census Bureau, to which the lending was made. 

Report additional place-based data on lending to U.S. Territories (columns U and V in Schedule B) on 

Schedule D7. Report the territory to which the lending or investment was made and for Puerto Rico, 

report the municipality name. That is, report lending or investment disaggregated by whether it was made 

to Guam, American Samoa, the U.S. Virgin Islands, the Northern Mariana Islands, and each municipality 

in Puerto Rico. 

For each of the following categories of borrowers or projects that create direct benefits for LMI 

communities or to Other Targeted Populations, report each county the lending or investment was made to 

and the total number and dollar value of originations to each county on Schedule D8. Loans may be 

double counted in Schedule D8. For example, if a loan qualifies as both Affordable Housing and Deeply 

Affordable Housing and is therefore included in both columns AA/AB and AG/AH in Schedule B, that 

loan should be entered in Schedule D8 for each category, therefore appearing in two rows.

• Affordable Housing (columns AA and AB in Schedule B)

• Deeply Affordable Housing (columns AG and AH in Schedule B)

• Qualified PWI (columns AC and AD in Schedule B)

• Deep Impact PWI (columns AI and AJ in Schedule B)

• Community Service Facility (columns AE and AF in Schedule B)

B. LINE-ITEM INSTRUCTIONS FOR SCHEDULE D–ADDITIONAL PLACE-BASED DATA 

ON QUALIFIED LENDING 

Schedule D1 (Rural Communities) and Schedule D5 (Persistent Poverty Counties)

Column A Report the state

Column B Report the name of the County or County Equivalent

Column C Report the 5-digit FIPS code for the state and county 

Column D Report the total number of originations in each county

Column E Report the total dollar value of originations in each county

Schedule D2 (Urban Low-Income Communities), Schedule D3 (Underserved Communities), and 

Schedule D4 (Minority Communities) 

Column A Report the state

Column B Report the name of the County or County Equivalent
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Column C Report the 11-digit FIPS code for the relevant census tract 

Column D Report the total number of originations in each census tract

Column E Report the total dollar value of originations in each census tract

Schedule D6 (Indian Reservations & Native Hawaiian Homelands)

Column A Report the American Indian Area name

Column B Report the American Indian Area code 

Column C Report the total number of originations in each area

Column D Report the total dollar value of originations in each area

Schedule D7 (U.S. Territories or Puerto Rico)

Column A Report the U.S. Territory (Guam, American Samoa, the U.S. Virgin Islands, and the 

Northern Mariana Islands) or for Puerto Rico, report the name of the municipality.

Column B Report the 11-digit FIPS code for municipalities in Puerto Rico or the 2-digit FIPS code 

for the other U.S. Territories. 

Column C Report the total number of originations in each area

Column D Report the total dollar value of originations in each area

Schedule D8 (Projects Benefiting LMI Communities or OTP)

Column A Report the project or investment type (Affordable Housing; Qualified PWI; Community 

Service Facility; Deeply Affordable Housing; Deep Impact PWI).

Column B Report the state

Column C Report the name of the county 

Column D Report the 5-digit FIPS code for the county

Column E Report the total number of originations in each county

Column F Report the total dollar value of originations in each county
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VII. GLOSSARY

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

referenced below that should be used to identify Qualified Lending and Deep Impact Lending will be 

updated periodically. 

“Affordable Housing” means financing for any (1) 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), from a U.S. Department of Housing and Urban Development grantee utilizing HOME or 

Housing Trust Fund grant funds, or a project that has received funding from the Farm Labor Housing 

Direct Loans & Grants program or Housing Preservation Grants program at the U.S. Department of 

Agriculture; or (2) financing for any affordable housing units restricted to households earning below 60% 

of area median income 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. 

“Area Median Income” means the estimated median family income as defined in the latest “CDFI 

Program Updated Investment Areas Eligibility ACS Data” (see, for example, 

https://www.cdfifund.gov/sites/cdfi/files/2023-01/CDFI_Investment_Areas_ACS_2016_2020.xlsb). 

“CFPB” means the Consumer Financial Protection Bureau. 

“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.

“Deep Impact PWI” means Public Welfare and Community Development Investments that primarily 

benefit Low-income Borrowers, Minority borrowers, or Minority Businesses. For the purposes of 

determining whether an investment primarily benefits Low-income Borrowers, Minority borrowers, or 

Minority Businesses, “primarily benefit” means the same as how it is used in the definition of Community 

Economic Development Entities in 12 C.F.R. § 24.2(c). 

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

households earning below 30% of area median income9 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 

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

of the area median income; or 120% of the statewide Non-Metropolitan area median income. For the 

purposes of identifying LMI Borrowers, Participants should aggregate the income of the applicant, any 

joint applicant, and any co-signers on the loan and compare that aggregated income to the relevant 

threshold of area median income. For the Quarterly Supplemental Report, Participants may use the 

threshold provided in the QSR Reference Dataset posted to the ECIP website.

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

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

80% of the area median income; or 80% of the statewide Non-Metropolitan area median income. For the 

purposes of identifying Low-income Borrowers, Participants should aggregate the income of the 

applicant, any joint applicant, and any co-signers on the loan and compare that aggregated income to the 

relevant threshold of area median income. For the Quarterly Supplemental Report, Participants may use 

the threshold provided in the QSR Reference Dataset posted to the ECIP website.

“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 Quarterly Supplemental Report, Participants must use the list of Metropolitan 

Areas in the QSR Reference Dataset 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 or farm that is majority-owned by a Minority. Alternatively, 

Participants may use the definition of “minority-owned business” in the CFPB’s Small Business Data 

Collection Rule at 12 C.F.R. Part 1002, Subpart B. For the purposes of identifying the demographics of 

the owners of a business, Participants may use either of the following two options: (i) Participants should 

identify the natural person Beneficial Owner(s) of a business, consistent with regulations issued by the 

U.S. Treasury’s Financial Crimes Enforcement Network at 31 C.F.R. § 1010.230 or any successive 

regulation; or (ii) Participants should use the demographic data of a business’ principal owners, as defined 

by and consistent with the CFPB’s Small Business Data Collection Rule at 12 C.F.R. Part 1002, Subpart 

B. 

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

Minorities. Where census tract-level data is unavailable, county-level data may be used. For the 

Quarterly Supplemental Report, Participants must use the list of Minority Communities in the QSR 

Reference Dataset posted to the ECIP website.

“Mortgage lending,” for the purposes of identifying loans that are Deep Impact Lending as Mortgage 

lending to Other Targeted Populations, means a closed-end mortgage loan as defined by the CFPB in 12 

C.F.R. § 1003.2(d) (i.e., an extension of credit that is secured by a lien on a dwelling and that is not an 

open-end line of credit under 12 C.F.R. § 1003.2(o)). 
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“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 Quarterly Supplemental Report, Participants must use the list of Persistent Poverty Counties in the 

QSR Reference Dataset posted to the ECIP website.

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

Community Economic Development Entities, as defined in 12 C.F.R. § 24.2(c), pursuant to 12 U.S.C. 

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

"Qualified Business” means a Small Business or Farm or an Underserved Business. 

“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. 

"Qualified PWI” means Public Welfare and Community Development Investments that primarily benefit 

LMI Borrowers or communities, Minority borrowers, or Minority Businesses. For the purposes of 

determining whether an investment primarily benefits LMI Borrowers or communities, “primarily 

benefit” means the same as how it is used in the definition of Community Economic Development 

Entities in 12 C.F.R. § 24.2(c).

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

as defined in OMB Bulletin No. 20-01 and applied using 2020 census tracts. For the Quarterly

Supplemental Report, Participants must use the list of Rural Communities in the QSR Reference Dataset 

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, excluding a business or farm that is wholly owned by a business or farm with 

consolidated gross annual revenues of more than $1 million. Gross annual revenue for this purpose shall 

be determined in accordance with regulations issued by the Small Business Administration at 13 C.F.R.

§121.104 defining “receipts,” or any successive regulation. Alternatively, Participants may use the “gross 

annual revenue” data field collected in accordance with the CFPB’s Small Business Data Collection Rule

at 12 C.F.R. Part 1002, Subpart B. 

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

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

Quarterly Supplemental Report, Participants must use the list of Underserved Communities in the QSR 

Reference Dataset posted to the ECIP website.

“Underserved Business” means: (i) a business or farm with gross annual revenues that do not exceed 

$100,000, excluding a business or farm that is wholly owned by a business or farm with consolidated 

gross annual revenues of $100,000 or more; (ii) a business or farm that is majority owned by individual(s) 

who are Low-Income Borrowers; or (iii) a Minority Business. Gross annual revenue for this purpose 

shall be determined in accordance with regulations issued by the Small Business Administration at 13 

C.F.R. §121.104 defining “receipts,” or any successive regulation. Alternatively, Participants may use the 
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“gross annual revenue” data field collected in accordance with the CFPB’s Small Business Data 

Collection Rule at 12 C.F.R. Part 1002, Subpart B. 

“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 Quarterly Supplemental Report, Participants must 

use the list of Urban Low-Income Communities in the QSR Reference Dataset 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 by the U.S. Government to set the dividend and interest rates for 

ECIP investments and to understand the impact of ECIP on target communities. The estimated burden 

associated with this collection of information is 180 hours for Schedules A & B and 180 hours for 

Schedules C & D 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.