---
kind: "section"
citation: "12 C.F.R. § 345.31"
title: "12"
number: "345.31"
heading: "Effect of CRA performance on applications."
url: "https://uscodex.org/cfr/12/345.31"
---

# §345.31. Effect of CRA performance on applications.

- (a) **CRA performance.** Among other factors, the FDIC takes into account the record of performance under the CRA of each applicant bank in considering an application for approval of:
  - (1) The establishment of a domestic branch or other facility with the ability to accept deposits;
  - (2) The relocation of the bank's main office or a branch;
  - (3) The merger, consolidation, acquisition of assets, or assumption of liabilities; and
  - (4) **Deposit insurance for a newly chartered financial institution.**
- (b) **New financial institutions.** A newly chartered financial institution shall submit with its application for deposit insurance a description of how it will meet its CRA objectives. The FDIC takes the description into account in considering the application and may deny or condition approval on that basis.
- (c) **Interested parties.** The FDIC takes into account any views expressed by interested parties that are submitted in accordance with the FDIC's procedures set forth in [part 303](/cfr/12/part303.md) of this chapter in considering CRA performance in an application listed in paragraphs [(a)](#a) and [(b)](#b) of this section.
- (d) **Denial or conditional approval of application.** A bank's record of performance may be the basis for denying or conditioning approval of an application listed in [paragraph (a)](#a) of this section.

## Notes

### Authority

Authority: 12 U.S.C. 1814-1817, 1819-1820, 1828, 1831u, 2901-2908, 3103-3104, and 3108(a).

### Source

Source: 89 FR 7205, Feb. 1, 2024, unless otherwise noted.