United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 1997_register executive 2010-09-24 article Part II Rules and Regulations D09002ee1be008ca7 D09002ee1be008d90 United States Department of the Treasury originator org United States Government Agency or Subagency United States Community Development Financial Institutions Fund originator org United States Government Agency or Subagency The Department of the Treasury is issuing a revised interim rule implementing the Bank Enterprise Award (BEA) Program administered by the Community Development Financial Institutions Fund (Fund). The purpose of the BEA Program is to encourage insured depository institutions to increase their level of activities in the form of loans, investments, services, and technical assistance within distressed communities and to provide financial assistance to Community Development Financial Institutions (CDFIs) through grants, stock purchases, loans, deposits, and other forms of financial and technical assistance. The BEA Program rewards participating insured depository institutions for increasing their activities in economically distressed communities and investing in CDFIs. The revisions contain a number of changes which clarify current requirements, but do not change them. This rule also simplifies current requirements and updates various references, and contains one revision that the Fund believes will generally inure to the benefit of insured depository institutions. Specifically, the revision clarifies the measured value of renewed loans and rolled over time deposits to include the entire amount of the renewed loans and rolled over deposits. However, in order to facilitate implementation of the BEA program regulations by participating insured depository institutions, the complete text of the regulations, as amended, is published by this interim rule. 62 FR 64440 https://www.govinfo.gov/app/details/FR-1997-12-05/97-31452 97-31452 fr05de97-20 RIN 1505-AA71 4810-70-P https://www.govinfo.gov/app/details/FR-1997-12-05/97-31452 https://www.govinfo.gov/content/pkg/FR-1997-12-05/html/97-31452.htm https://www.govinfo.gov/content/pkg/FR-1997-12-05/pdf/97-31452.pdf 8 p. 64440 64447 62 FR 64440 Title 12 Part 1806 12 CFR Part 1806 RIN 1505-AA71 Bank Enterprise Award Program; Federal Register Vol. 62, Issue RULE 97-31452 II DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund 1997-12-05 1998-04-06 4810-70-P 97-31452 Revised interim rule with request for comment.

The Department of the Treasury is issuing a revised interim rule implementing the Bank Enterprise Award (BEA) Program administered by the Community Development Financial Institutions Fund (Fund). The purpose of the BEA Program is to encourage insured depository institutions to increase their level of activities in the form of loans, investments, services, and technical assistance within distressed communities and to provide financial assistance to Community Development Financial Institutions (CDFIs) through grants, stock purchases, loans, deposits, and other forms of financial and technical assistance. The BEA Program rewards participating insured depository institutions for increasing their activities in economically distressed communities and investing in CDFIs. The revisions contain a number of changes which clarify current requirements, but do not change them. This rule also simplifies current requirements and updates various references, and contains one revision that the Fund believes will generally inure to the benefit of insured depository institutions. Specifically, the revision clarifies the measured value of renewed loans and rolled over time deposits to include the entire amount of the renewed loans and rolled over deposits. However, in order to facilitate implementation of the BEA program regulations by participating insured depository institutions, the complete text of the regulations, as amended, is published by this interim rule.

Interim rule effective December 5, 1997; comments must be received on or before April 6, 1998. Director, the Community Development Financial Institutions Fund at (202) 622-8662. (This is not a toll free number.) Vol. 62, no. 234 Office of the Federal Register, National Archives and Records Administration 1997-12-05 continuing daily deposited born digital 255 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-1997-12-05 P0b002ee180a36dbe 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr05de97 https://www.govinfo.gov/app/details/FR-1997-12-05 https://www.govinfo.gov/content/pkg/FR-1997-12-05/pdf/FR-1997-12-05.pdf fdlp 64263 64509 DGPO 2010-09-24 2023-05-06 FR-1997-12-05 machine generated eng FR FR-1997-12-05 62 234