Eligible bank

(e) Eligible bank means a member bank that: (1) Is well capitalized as defined in subpart D of this part; (2) Has a composite Uniform Financial Institutions Rating System (CAMELS) rating of 1 or 2; (3) Has a Community Reinvestment Act (CRA) (12 U.S.C. 2906) rating of Outstanding or Satisfactory; (4) Has a compliance rating of 1 or 2; and (5) Has no major unresolved supervisory issues outstanding (as determined by the Board or appropriate Federal Reserve Bank in its discretion).

Source

12 CFR § 208.2


Scoping language

For the purposes of this part
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