...community's convenience and need includes the need for credit services, as well as deposit services; and . regulated financial institutions have a continuing...affirmative obligation to help meet the credit needs of the local communities in which they are chartered. The purpose of the title is to require appropriate...

...Flint, Grand Rapids, Saginaw, Lansing, Kalamazoo and Battle Creek are in serious condition. Regul&ted financial institutions have a continuing and affirmative obligation to help meet the credit needs of the communities which they are chartered to serve. Therefore I strongly urge passage of S. 406, the...

...have hailed the CRA as landmark legislation. The key aspect of the law is the Congressional finding that "regulated financial institutions have a continuing...affirmative obligation to help meet the credit needs of the local communities in which they are chartered." It is this Congressional finding that makes CRA...

...and needs of communities include the need for credit services as well as deposit services, and (3) regulated financial institutions have a continuing...affirmative obligation to help meet the credit needs of the local communities in which they are chartered. Based on these findings. Congress required "...each...

...declining neighborhoods, but that substantial private reinvestment is also required. The Act declares that financial institutions have a "continuing and affirmative obligation" to help meet the credit needs of their local communities. The banking agencies are directed to evaluate lending records and to encourage...

...determine how well they are meeting their community's credit needs. We agree with Congress that lending institutions have a continuing and affirmative obligation to help meet the credit needs, in a non-discriminatory fashion, of the communities in which they are located. We intend to enforce...

...branch or other deposit facility. The Bank Board could not sqre* »ore with the Act's basic premise — that regulated financial institutions have a continuing and affirmative obligation to help Beet the credit needs of the local communities in which they are chartered. In the process of holding...

...bankers, for regulators, and for the public. The key phrase in the law is contained in its preamble: "regulated financial institutions have a continuing...affirmative obligation to help meet the credit needs of the local communitie.- in which they are chartered. We believe that the participation of the private...

...convenience and needs of communities Include the need for credit services as well as deposit services; and regulated .'financial institutions have a continuing...affirmative obligation to help meet the credit needs of the local communities in which they are chartered." On September 18th at 2:30pm, 3600 East West Highway...

...convenience and needs of communities include the need for credit services as well as deposit services; •nd regulated financial institutions have a continuing...affirmative obligation to help meet the credit needs of the local communities in which they are chartered." On September 18th at 2: '30pm, 3600 East West Highway...