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Federal Register / Vol. 86, No. 178 / Friday, September 17, 2021 / Proposed Rules in an MSA, or for the metropolitan division, if a person or geography is located in an MSA that has been subdivided into metropolitan divisions;
or 2 The statewide nonmetropolitan median family income, if a person or geography is located outside an MSA.
c Assessment area means a geographic area delineated in accordance with 195.41.
d Automated teller machine ATM
means an automated, unstaffed banking facility owned or operated by, or operated exclusively for, the savings association at which deposits are received, cash dispersed, or money lent.
e Reserved f Branch means a staffed banking facility authorized as a branch, whether shared or unshared, including, for example, a mini-branch in a grocery store or a branch operated in conjunction with any other local business or nonprofit organization.
g Community development means:
1 Affordable housing including multifamily rental housing for low or moderate-income individuals;
2 Community services targeted to lowor moderate-income individuals;
3 Activities that promote economic development by financing businesses or farms that meet the size eligibility standards of the Small Business Administrations Development Company or Small Business Investment Company programs 13 CFR 121.301 or have gross annual revenues of $1
million or less; or 4 Activities that revitalize or stabilize i Lowor moderate-income geographies;
ii Designated disaster areas; or iii Distressed or underserved, nonmetropolitan middle-income geographies designated by the appropriate Federal banking agency based on A Rates of poverty, unemployment, and population loss; or B Population size, density, and dispersion. Activities revitalize and stabilize geographies designated based on population size, density, and dispersion if they help to meet essential community needs, including needs of lowand moderate-income individuals.
h Community development loan means a loan that:
1 Has as its primary purpose community development; and 2 Except in the case of a wholesale or limited purpose savings association:
i Has not been reported or collected by the savings association or an affiliate for consideration in the savings associations assessment as a home
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mortgage, small business, small farm, or consumer loan, unless the loan is for a multifamily dwelling as defined in 1003.2n of this title; and ii Benefits the savings associations assessment areas or a broader statewide or regional area that includes the savings associations assessment areas.
i Community development service means a service that:
1 Has as its primary purpose community development;
2 Is related to the provision of financial services; and 3 Has not been considered in the evaluation of the savings associations retail banking services under 195.24d.
j Consumer loan means a loan to one or more individuals for household, family, or other personal expenditures.
A consumer loan does not include a home mortgage, small business, or small farm loan. Consumer loans include the following categories of loans:
1 Motor vehicle loan, which is a consumer loan extended for the purchase of and secured by a motor vehicle;
2 Credit card loan, which is a line of credit for household, family, or other personal expenditures that is accessed by a borrowers use of a credit card, as this term is defined in 1026.2 of this title;
3 Other secured consumer loan, which is a secured consumer loan that is not included in one of the other categories of consumer loans; and 4 Other unsecured consumer loan, which is an unsecured consumer loan that is not included in one of the other categories of consumer loans.
k Geography means a census tract delineated by the United States Bureau of the Census in the most recent decennial census.
l Home mortgage loan means a closed-end mortgage loan or an openend line of credit as these terms are defined under 1003.2 of this title and that is not an excluded transaction under 1003.3c1 through 10 and 13 of this title.
m Income level includes:
1 Low-income, which means an individual income that is less than 50
percent of the area median income or a median family income that is less than 50 percent in the case of a geography.
2 Moderate-income, which means an individual income that is at least 50
percent and less than 80 percent of the area median income or a median family income that is at least 50 and less than 80 percent in the case of a geography.
3 Middle-income, which means an individual income that is at least 80

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percent and less than 120 percent of the area median income or a median family income that is at least 80 and less than 120 percent in the case of a geography.
4 Upper-income, which means an individual income that is 120 percent or more of the area median income or a median family income that is 120
percent or more in the case of a geography.
n Limited purpose savings association means a savings association 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 savings association is in effect, in accordance with 195.25b.
o Loan location. A loan is located as follows:
1 A consumer loan is located in the geography where the borrower resides;
2 A home mortgage loan is located in the geography where the property to which the loan relates is located; and 3 A small business or small farm loan is located in the geography where the main business facility or farm is located or where the loan proceeds otherwise will be applied, as indicated by the borrower.
p Loan production office means a staffed facility, other than a branch, that is open to the public and that provides lending-related services, such as loan information and applications.
q Metropolitan division means a metropolitan division as defined by the Director of the Office of Management and Budget.
r MSA means a metropolitan statistical area as defined by the Director of the Office of Management and Budget.
s Nonmetropolitan area means any area that is not located in an MSA.
t Qualified investment means a lawful investment, deposit, membership share, or grant that has as its primary purpose community development.
u Small savings association1
Definition. Small savings association means a savings association that, as of December 31 of either of the prior two calendar years, had assets of less than $1.322 billion. Intermediate small savings association means a small savings association with assets of at least $330 million as of December 31 of both of the prior two calendar years and less than $1.322 billion as of December 31 of either of the prior two calendar years.
2 Adjustment. The dollar figures in paragraph u1 of this section shall be adjusted annually and published by the OCC based on the year-to-year change in the average of the Consumer Price Index for Urban Wage Earners and Clerical
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