Fed Renews Bank Reports on Low-Income Community Investments
Published Date: 12/8/2025
Notice
Summary
The Federal Reserve is extending its rules for banks to report and share info about how they help their communities for three more years—no changes, just a fresh green light. This affects banks and savings associations, keeping the same paperwork and deadlines, so no surprises or extra costs. It’s all about making sure banks keep doing their part to support neighborhoods without adding new hoops to jump through.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Three-Year Extension of CRA Reporting
The Federal Reserve approved a three-year extension of the Reporting, Recordkeeping, and Disclosure Requirements associated with Regulation BB (FR BB; OMB No. 7100-0197). State member banks must continue the same annual reporting; the Board estimates a total annual burden of 91,670 hours across reporting items. The notice lists respondents and average hours for several items, for example: HMDA out-of-MSA loan data — 140 respondents at 253 hours per response; consumer loan data — 36 respondents at 326 hours per response; public file and public notice — 704 respondents at 10 hours per response.
No Changes — Requirements Stay the Same
The Board extended FR BB for three years without revision, so there are no new forms, new data elements, or new deadlines being added. If you are a state member bank, you will keep following the current Regulation BB reporting, recordkeeping, and disclosure rules for the extension period.
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