SARC-95-04 (October 4, 1995)
The Supervision Appeals Review Committee (鈥淐ommittee鈥) of the Federal Deposit Insurance Corporation (鈥湺啾τ蜗废略剽), on September 22, 1995, considered your appeal of the Compliance and Community Reinvestment Act (鈥淐RA鈥) ratings issued to [Bank] (鈥淏ank鈥), pursuant to the Compliance Examination Report (鈥淩eport鈥) as of February 27, 1995.
The Committee concluded that the Compliance rating was appropriate given the violations cited, including the repetitive nature of several of the cited violations. The Committee noted that the bank appeared to have taken appropriate corrective actions to address the violations cited; however, the basis for the rating was correct at the time the examination was conducted. This determination is considered a final supervisory decision by the 多宝游戏下载.
The Committee did not reach a conclusion on the CRA rating, however, since some of the material contained in the work papers and census information available to the examiner at the time of the examination, that might substantiate the examiner鈥檚 conclusions, had not been provided to the Bank. Accordingly, the Committee directed staff to provide the information to the bank for its comments about the material before the Committee made a final determination on the substance of the appeal. In order to permit this process to occur, the Bank must authorize an extension of the time period for the Committee to reach a decision. It is our understanding that your Chairman has verbally agreed to such an extension. When the Bank鈥檚 response is received, staff will bring the case back to the Committee for its further review and determination regarding the appeal of the CRA rating.
By direction of the Supervision Appeals Review Committee of the Federal Deposit Insurance Corporation.