CRA Services

Professional Consulting, Analysis and Reporting Services for Selecting and Overseeing Your Municipal Bond Portfolio.

Federal regulations encourage community investment and require significant analysis and reporting to meet qualified investment standards. What if there was a cost-effective way to outsource the expertise?

Qualified Investments – Two Approaches to Fit Your Needs
Banks seeking to enhance their component test ratings through local investments must meet strict requirements in determining and reporting on Qualified Investments.

Two approaches help banks meet federal standards by leveraging outside resources:

Separately Managed Account Approach – Banks decide how much to invest, security type and credit criteria while an outside specialist, like MBPA, provide selection, qualification and reporting services.

Regional Fund Approach – Banks invest in a local tax-exempt regional fund that represents safe and sound investment, provides CRA credits and delivers tax-exempt interest.

MBPA provides proven and professional consulting, analysis and reporting services to help banks in the selection and oversight requirements for their municipal bond portfolio needs.

In-Depth: CRA Services

MBPA Principals on Broker/Dealer Compliance

The Community Reinvestment Act ("CRA") requires the three federal bank supervisory agencies, the Board of Governors of the Federal Reserve  System (“FRB”), the Office of the Comptroller of the Currency (“OCC”), and the Federal Deposit Insurance Corporation (“FDIC”) (the FRB, OCC and FDIC are collectively referred to herein as the "Agencies"), to encourage most banks and other FDIC-insured depository  institutions to help meet the credit needs of their local communities including, particularly, low and moderate income (“LMI”) neighborhoods, consistent with the safe and sound operation of such institutions.

Each agency has promulgated substantially similar rules and regulatory guidance for evaluating and rating an institution’s CRA performance which vary according to an institution’s asset size and business strategy.

Read More >>