The overall Community Reinvestment Act performance of Detroit-based Comerica Bank has been rated "Outstanding" by the Federal Reserve Bank of Chicago, the highest possible rating.Major factors supporting the rating included Comerica's high volume of community development loans. The company made an outstanding level of community investments in such instruments as low-income tax credits and mortgage-backed securities in Michigan, California, and Texas, the Chicago Fed said. Comerica also showcased a high level of community development services, including financial education initiatives and participation on the boards of organizations that provide services to low- and moderate-income areas and individuals.
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