6 The rule has helped ease strains in the U.S. Treasury market and continues to facilitate the significant inflow of customer deposits at banks that has occurred since the onset of the event.
Looking ahead, in September, the Board published an advance notice of proposed rulemaking (ANPR) that would modernize the Community Reinvestment Act (CRA) by strengthening, clarifying, and tailoring CRA regulations to ensure that they reflect the current banking landscape and better meet the core purpose of the CRA, addressing inequities in credit access and ensuring an inclusive financial services industry.