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Woodstock supports OCC rule expanding national bank authorization to make direct and indirect investments in community development projects

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OCC-sept2008-OCC-2008-0010-part24.pdfWoodstock Institute supports the OCC rule implementing the Housing and Economic Recovery Act of 2008 which permits national banks to make qualified direct or indirect investments in community development projects totaling 15 percent of their combined tier one and tier two capital, so long as 51 percent of the portfolio benefits low- and moderate-income communities or families.

 

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