Our bank’s primary federal regulator is the FDIC. The FDIC’s Community Reinvestment Act (CRA) main office lobby notice must contain certain contact information for the Federal Reserve Bank of Chicago. Specifically, we must fill in the following blanks: “You may request from the (title of responsible official), Federal Reserve Bank of _______(address) an announcement of applications covered by the CRA filed by bank holding companies.” Our auditor provided names and contact information for two specific individuals from the Chicago Fed to fill in these blanks. However, we think that information is incorrect because the notice language seems to require only a title and address. Can you provide any guidance on this?

Your CRA notice should identify the responsible official and address as “Officer in Charge of Supervision, Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604.”

The federal banking agencies have released Interagency Guidance regarding the CRA public lobby notice. With regard to required contact information, the Interagency Guidance does not include any specific person’s name. Instead, it includes only titles and addresses in case the person in the position changes over time. For contacting the Federal Reserve, the Interagency Guidance directs FDIC-supervised institutions to list the “Officer in Charge of Supervision” as the responsible official. We reached out to the Federal Reserve Bank of Chicago, and they confirmed that this title would apply for announcements of applications, as required for the CRA notice. In addition, they confirmed that the address for the Federal Reserve Bank of Chicago is 230 South LaSalle Street, Chicago, Illinois, 60604.

For resources related to our guidance, please see:

  • 12 CFR Appendix B to Part 345(a), CRA Notice (“You may request from the (title of responsible official), Federal Reserve Bank of _______(address) an announcement of applications covered by the CRA filed by bank holding companies.”)

  • Interagency Questions and Answers Regarding Community Reinvestment (July 7, 2016) (“OCC-, FDIC-, and Board-supervised institutions: ‘Officer in Charge of Supervision’ is the title of the responsible official at the appropriate Federal Reserve Bank.”)