Although this example addresses an equity investment in a public purpose corporation, a grant to such a corporation would be considered similarly. In sum, a contribution to the Clinic would receive positive consideration under the old CRA regulations. The new CRA regulations provide a more detailed framework for evaluating an institution's CRA performance. The new rule sets out a number of different tests for examiners to use, depending on the type of activity and the size and type of institution. Large institutions' CRA performance is typically evaluated under the lending, investment and service tests.
Examiners consider large institutions' qualified investments under the investment test.
See 60 Fed. See 60 Fed. Qualified investments may also be considered to determine if a small institution merits an outstanding CRA rating. See 60 Fed. The community development test, which is appropriate for wholesale and limited purpose institutions, evaluates, inter alia , the number and amount of qualified investments.