Approved Strategic Plans

		The revised CRA regulation created a new option for banks called a "strategic plan." This option allows an institution to develop a plan detailing how it proposes to meet its CRA obligation. The institution tailors the plan to the needs of the community by informally seeking suggestions from the public during plan development. Once the plan is developed, the institution must publish notice of the plan and solicit written public comment for at least 30 days. After the comment period, the institution submits the plan to its regulator for review and approval. The strategic plans of the following banks have been approved by the Federal Reserve: