Community Development Test for Wholesale and Limited Purpose Designations

Under the CRA, a bank may submit a request to its primary federal regulator to be designated a wholesale bank or a limited purpose bank. Banks with these designations are evaluated for CRA performance under the community development test for wholesale limited purpose banks as follows:

  • 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.

Please refer to the guidelines for requesting approval for wholesale or limited purpose designations (PDF).

The following banks are designated as Wholesale Banks by the Federal Reserve:

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

The following banks are designated as Limited Purpose Banks by the Federal Reserve:

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

Learn more about wholesale & limited purpose designations by the other agencies:

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Last Update: December 07, 2018