文章基本信息

标题：Community Reinvestment Act Lending: Is It Profitable?
本地全文：下载
作者：Larry Meeker ; Forest Myers
期刊名称：Federal Reserve Bank of Kansas City. Financial Industry Perspectives (Online)
印刷版ISSN：1072-0049
出版年度：1996
出版社：Federal Reserve Bank of Kansas
摘要：In 1977, Congress passed the Commu-nity Reinvestment Act (CRA) to encouragefederally insured depository institutionsto lend in low- to moderate-income neigh-borhoods and to low- to moderate-incomepeople. Since then, the profitability of themany special lending programs designedto achieve these goals has been questionedon both theoretical and practical grounds.1Arguments range from "if the businesswas profitable you wouldn't have to pres-sure institutions to do it" to "we foundnew markets and new profits throughCRA lending." While CRA requires banksand thrifts to "help meet the credit needsof communities in which they are char-tered," it further cautions that these effortsshould be "consistent with safe andsound operations of such institutions