Exhibit_B-CRA_Reporting_Instructions.pdf

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Attached to
Depository Services
Solicitation number
2024-RFP-261
Issued by
Allegheny County, Philadelphia City, Pennsylvania

About this file

This document is a Community Reinvestment Information reporting exhibit issued by the City of Pittsburgh as part of its RFP #2024-RFP-261 for Depository Services. The exhibit outlines comprehensive reporting requirements for financial institutions seeking designation or continuation as city depositories for the period January 1, 2026 through December 31, 2028, with no renewal options included in the three-year term. Candidate institutions must submit detailed statistical data regarding lending activities, branch locations, and community development initiatives within Pittsburgh's city boundaries, with data collected during the 2024 calendar year. Required submissions include residential lending information across multiple loan categories; small business lending data segmented by census tract income levels and business revenue; community development loans and investments for affordable housing, economic development, and community facilities; branch and ATM locations with deposit amounts as of June 30, 2024; consumer loan data at the census tract level; and the institution's most recent annual report and Community Reinvestment Act Performance Evaluation from federal regulators. Institutions must provide aggregate lending totals, both in number of loans and dollar amounts, for all loans made by the institution as well as those specifically made to Pittsburgh residents.

The Community Reinvestment Plan component requires detailed descriptions of current and proposed initiatives, services, and products addressing the financial needs of low to moderate income residents, minority-owned businesses, and women-owned businesses. Specific categories for reporting include small consumer loans, affordable check cashing services, participation in city-sponsored neighborhood development programs, grants and investments to community-based nonprofit organizations, full-service banking in city neighborhoods, loan products for historic community preservation, and engagements with Community Housing Development Organizations and Community Development Financial Institutions. All data submissions must be organized by census tract income level or census block group level, depending on the institution's internal recording methodology. The reporting framework is established pursuant to the City of Pittsburgh Responsible Banking Ordinance (Title II-Fiscal, Article III, Section 221.02) and aligns with federally mandated Community Reinvestment Act reporting requirements, with proposing institutions required to demonstrate a Satisfactory or better CRA rating, with preference given to those with Outstanding ratings.

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EXHIBIT B- COMMUNITY REINVESTMENT INFORMATION

The City of Pittsburgh recognizes that each financial institution focuses on different core areas of Community Reinvestment, and requests complete and measurable responses in the following areas of neighborhood revitalization programs. Pursuant to the City of Pittsburgh Responsible Banking Ordinance, Title II-Fiscal, Article III-Depositories, Section 221.02, any institution that desires a continuing or new designation as a City depository shall submit the information for the evaluation of policies and practices regarding housing and economic development of such depository, or potential depository within City of Pittsburgh neighborhoods.

Please note that for Exhibit B, we are only concerned with the statistical data from institutional operations within the boundaries of the City of Pittsburgh.

REQUESTED FINANCIAL LENDING DATA

1. Residential Lending Information- The lending data for each type (applied for and originated during the 2024 calendar year) shall be provided for the entire City, and for each census block group if recorded at this census level by the candidate institution, or at the census tract level if the candidate institution does not record data at the block group level. Respondents should report the following categories:

a. One- to four-family hoe purchase loans, both federally insured and conventional (grouped by census tract income level)

b. Refinancing of home loans

c. Home improvement loans

d. Home equity loans

e. Multi-family loans

f. Loans to non-occupant owners of single family housing

g. Defaults and delinquencies on home loans ( for entire City- not each census tract)

h. Real Estate Owned properties

i. Loans and investments in historic preservation neighborhoods

2. Small Business Lending Information-

a. The total number and dollar amount of small business loans originated during the 2024 calendar year in the aggregate for the entire City of Pittsburgh, grouped according to income level of the census tract where the business is located and revenue size.

b. Total number & dollar amount of small business loans originated during the 2024 calendar year in the aggregate for minority businesses in the entire City

c. Breakdown of a) and b) to small businesses with revenues above $1M and small businesses under $1M. ( the respondent will use the same data reporting procedures that are federally mandated by the Community Reinvestment Act of 1977 for reporting small business loans).

3. Community Development Loans and Investments- The number and dollar amount of community development loans and investments for affordable housing, small business development, economic development, and community facilities (a) for the entire City, and (b) for each census block group within the City if recorded at this census level by the responding institution, or at the census tract level if the responding institution does not record data at the block group level.

a. Affordable housing for low or moderate income individuals

1. Investment

2. Loans

b. Community services for low or moderate income individuals

1. Investment

2. Loans

c. Activities that promote economic development by financing business or farms that meet the size eligibility standards of the Small Business Administration’s Development Company or Small Business Investment Company programs or have gross annual revenues of $1m or less

1. Investment

2. Loans

d. Activities that revitalize or stabilize low or moderate income geographies

4. Branches and Deposits- The number of branches by census tract income level, ATMs, and number and dollar amount of deposits for the entire City as of June 30,2024, including the location of each branch.

5. Consumer Loan Data- The number and dollar amount of consumer loans for the entire City at the census tract level. Price information shall be reported in a manner similar to the federally mandated reporting requirements for HMDA data. (This shall only be reported by those financial institutions that choose to collect the relevant data for CRA consideration).

6. Most Recent Annual Report- including financial data, or SEC 10-K report with quarterly financial updates and other subsequent filings.

7. Most Recent “Community Reinvestment Act Performance Evaluation”- issued by the federal regulatory agency and authorized to conduct such evaluations.

8. Total Number of Loans Made by the Financial Institution

9. Total $Amount of Loans Made by the Financial Institution

10. Total Number of Loans Made to Residents of the City of Pittsburgh

11. Total $Amount of Loans Made to Residents of the City of Pittsburgh

12. Community Reinvestment Plan Data- Data shall include any current initiatives, services, products, and areas of activity that address the financial needs of the City of Pittsburgh, its residents (including low to moderate income and minority residents) and businesses (including women and minority owned businesses) offered by the financial institution, and if these items apply to prior commitments made to the City in a prior Community Reinvestment Plan.

Respondents should also report in what manner do these initiatives, services, products, and areas of activity correspond to the following categories:

a. Small Consumer Loans (including those that serve as an alternative to payday loans)

b. Affordable Check Cashing and Transactional Services (especially those used by consumers with limited bank accounts or experience

c. Participation in City-sponsored neighborhood development programs and consortiums

d. Equitable contributions to community-based non-profit organizations in the City that engage in neighborhood development through:

1. Grants

2. Investments

e. Provision of full-service banking in City neighborhoods ( including branches, services, and technologies)

f. Loans & Investment Products -that help create loans throughout the City

g. Loans & Investment Products that help create loans to residents of historic communities, enhance housing stock, and improve quality of life.

h. Engagements with Community Housing Development Organizations

i. Engagements with Community Development Financial Institutions

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