Special Designations

Under the Community Reinvestment Act, a bank may submit a request to its primary federal regulator to be designated a wholesale bank or a limited purpose bank. Such banks are evaluated for performance under standards found at 12 CFR 228.25. The regulation offers the following definitions:

  • Wholesale bank - A bank that is not in the business of extending home mortgage, small business, small farm, or consumer loans to retail customers and for which a designation as a wholesale bank is in effect.
  • Limited purpose bank - A bank that offers only a narrow product line (such as credit card or motor vehicle loans) to a regional or broader market and for which a designation as a limited purpose bank is in effect.

The following banks have been designated as wholesale or limited purpose banks by the Federal Reserve:

Wholesale Banks

Bank name (RSSD ID Number) Bank location Effective date Reserve Bank
State Street Bank and Trust Company (#35301) Boston, Massachusetts May 8, 1996 Boston
Mizuho Corporate Bank - USA (#229913) New York, New York April 10, 1997 New York
Deutsche Bank Trust Company Americas (#214807) New York, New York August 18, 1997 New York
The Bank of New York Mellon (#541101) New York, New York October 23, 2006 New York
Goldman Sachs Bank USA (#2182786) New York, New York July 9, 2009 New York
The Northern Trust Company (#210434) Chicago, Illinois October 31, 2012 Chicago

Limited Purpose Banks

Bank name (RSSD ID Number) Bank location Effective date Reserve Bank
Community Capital Bank of Virginia (#3626858) Christiansburg, Virginia June 16, 2010 Richmond
Marlin Business Bank (#3716852) Salt Lake City, Utah December 22, 2009 San Francisco
Back to Top
Last Update: April 07, 2016