Large thrifts will have more flexibility in meeting their Community Reinvestment Act goals under a final rule issued by the Office of Thrift Supervision.CRA scores for thrifts with more than $1 billion in assets will not be based on a strict 25% community development investment test and a strict 25% services test for low-income neighborhoods under the final rule, which goes into April 1. Those institutions can determine the combination of lending, investments, and services that meet the credit needs of their communities. "While the final rule maintains a 50% floor weighting for lending activities to ensure that community credit needs are met, it provides flexibility for large institutions to assess areas of greatest CRA need in their community and to tailor their CRA activities accordingly," the OTS said. The other banking regulators are considering a similar proposal for banks with assets of between $250 million and $1 billion, but not for larger banks.

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