Living wall

Community Reinvestment Act

June 2016


Information on the Community Reinvestment Act of 1977 at BNY Mellon.

The 1977 U.S. Community Reinvestment Act (CRA) encourages banks and savings associations to help meet the needs of borrowers in low- and moderate-income neighborhoods. We seek to provide meaningful, beneficial and innovative community development solutions through our CRA activities.

Our most recent CRA ratings for BNY Mellon Bank, N.A., our private wealth bank, and The Bank of New York Mellon, our institutional bank, are “Outstanding” and “Satisfactory,” respectively. These performance evaluations can be found by clicking here for BNY Mellon Bank, N.A. and by clicking here for The Bank of New York Mellon. Our private wealth bank is regulated by the Office of the Comptroller of the Currency, while our institutional bank is regulated by the Federal Reserve Bank of New York and New York State Department of Financial Services.

Both our private wealth and institutional banks continue to identify and finance new CRA-related opportunities that meet community development needs in their very competitive CRA markets. Both banks target affordable housing opportunities for low- and moderate-income residents as their primary community development focus. Other investments promote small business growth through small business investment companies under the Small Business Investment Act, and community development initiatives through national equity funds created by community development financial institutions.