12 U.S.C. § 2907 — Operation of branch facilities by minori-

Page 1477 TITLE 12—BANKS AND BANKING § 2908 1 So in original. Probably should be ‘‘minority depository insti- tution’’. (e) Definitions For purposes of this section the following defi- nitions shall apply: (1) Domestic branch The term ‘‘domestic branch’’ means any branch office or other facility of a regulated financial institution that accepts deposits, lo- cated in any State. (2) Metropolitan area The term ‘‘metropolitan area’’ means any primary metropolitan statistical area, metro- politan statistical area, or consolidated met- ropolitan statistical area, as defined by the Director of the Office of Management and Budget, with a population of 250,000 or more, and any other area designated as such by the appropriate Federal financial supervisory agency. (3) State The term ‘‘State’’ has the same meaning as in section 1813 of this title. (Pub. L. 95–128, title VIII, § 807, as added Pub. L. 101–73, title XII, § 1212(b), Aug. 9, 1989, 103 Stat. 527; amended Pub. L. 102–242, title II, § 222, Dec. 19, 1991, 105 Stat. 2306; Pub. L. 103–328, title I, § 110, Sept. 29, 1994, 108 Stat. 2364.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in subsecs. (b)(1)(A)(i) and (c)(3), was in the original ‘‘this Act’’ and was translated as reading ‘‘this title’’, meaning title VIII of Pub. L. 95–128, known as the Community Reinvestment Act of 1977, to reflect the probable intent of Congress. AMENDMENTS 1994—Subsec. (b)(1). Pub. L. 103–328, § 110(b), redesig- nated existing provisions as subpar. (A) and former sub- pars. (A) to (C) as cls. (i) to (iii), respectively, of sub- par. (A), inserted subpar. (A) heading, and added sub- par. (B). Subsecs. (d), (e). Pub. L. 103–328, § 110(a), added sub- secs. (d) and (e). 1991—Subsec. (a)(1). Pub. L. 102–242, § 222(b)(1), sub- stituted ‘‘financial supervisory’’ for ‘‘depository insti- tutions regulatory’’. Subsec. (b)(1)(A). Pub. L. 102–242, § 222(b)(2), sub- stituted ‘‘financial supervisory’’ for ‘‘depository insti- tutions regulatory’’ in two places. Subsec. (b)(1)(B). Pub. L. 102–242, § 222(a), inserted ‘‘and data’’ after ‘‘facts’’. Subsec. (c). Pub. L. 102–242, § 222(b)(3), substituted ‘‘fi- nancial supervisory’’ for ‘‘depository institutions regu- latory’’ wherever appearing. § 2907. Operation of branch facilities by minori- ties and women (a) In general In the case of any depository institution which donates, sells on favorable terms (as determined by the appropriate Federal financial supervisory agency), or makes available on a rent-free basis any branch of such institution which is located in any predominantly minority neighborhood to any minority depository institution or women’s depository institution, the amount of the con- tribution or the amount of the loss incurred in connection with such activity may be a factor in determining whether the depository institution is meeting the credit needs of the institution’s community for purposes of this chapter. (b) Definitions For purposes of this section— (1) Minority depository institution The term ‘‘minority institution’’ 1 means a depository institution (as defined in section 1813(c) of this title)— (A) more than 50 percent of the ownership or control of which is held by 1 or more mi- nority individuals; and (B) more than 50 percent of the net profit or loss of which accrues to 1 or more minor- ity individuals. (2) Women’s depository institution The term ‘‘women’s depository institution’’ means a depository institution (as defined in section 1813(c) of this title)— (A) more than 50 percent of the ownership or control of which is held by 1 or more women; (B) more than 50 percent of the net profit or loss of which accrues to 1 or more women; and (C) a significant percentage of senior man- agement positions of which are held by women. (3) Minority The term ‘‘minority’’ has the meaning given to such term by section 1204(c)(3) of the Finan- cial Institutions Reform, Recovery and En- forcement Act of 1989. (Pub. L. 95–128, title VIII, § 808, as added Pub. L. 102–233, title IV, § 402(b), Dec. 12, 1991, 105 Stat. 1775; amended Pub. L. 102–550, title IX, § 909(2), Oct. 28, 1992, 106 Stat. 3874.) Editorial Notes REFERENCES IN TEXT Section 1204(c)(3) of the Financial Institutions Re- form, Recovery and Enforcement Act of 1989, referred to in subsec. (b)(3), is section 1204(c)(3) of Pub. L. 101–73, which is set out as a note under section 1811 of this title. AMENDMENTS 1992—Subsec. (a). Pub. L. 102–550 substituted ‘‘may be a factor in determining whether the depository institu- tion is’’ for ‘‘shall be treated as’’. § 2908. Small bank regulatory relief (a) In general Except as provided in subsections (b) and (c), any regulated financial institution with aggre- gate assets of not more than $250,000,000 shall be subject to routine examination under this chap- ter— (1) not more than once every 60 months for an institution that has achieved a rating of ‘‘outstanding record of meeting community credit needs’’ at its most recent examination under section 2903 of this title; (2) not more than once every 48 months for an institution that has received a rating of