Association of Military Banks of America

AMBAgram – Community Reinvestment Act (CRA) Final Rule Analysis

The Community Reinvestment Act (CRA) is a federal law intended to encourage banks to help meet the credit needs of the communities — particularly the low- and moderate-income (LMI) neighborhoods — in which they operate.  

On October 24, 2023, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (FRB), and the Office of the Comptroller of the Currency (OCC) (“the agencies”) published their CRA Final Rule.  The Final Rule is the result of a coordinated interagency effort and changes how banks will be evaluated for CRA compliance.  It will take effect on 1 April 2024. 

Attached is an analysis of its application to military banks, banks on military installations, and banks serving their military and veteran communities.  If you have questions, please contact Steve Lepper at

Final Rule Analysis