Community Reinvestment Act (CRA)

The federal Community Reinvestment Act (CRA) was enacted to ensure that everyone has access to credit and banking services. The CRA mandates that federally-insured depository institutions help meet the credit needs of the communities in which they are located, including the needs of people with low and moderate incomes and their neighborhoods.

HSBC's Community Development Department is a dedicated unit in HSBC Bank USA that focuses on CRA performance, managing the resources that help put community reinvestment to work on a daily basis. Our goal is not merely to meet these requirements but exceed them, since providing these services is not only good business, it is also the right thing to do.

The most recent CRA examination of HSBC Bank USA, N.A. ("HSBC Bank") was conducted by the Office of the Controller of the Currency (OCC) on October 5, 2009.  The bank received an Outstanding rating.  The official performance evaluation (PE) is attached below and is also located in the bank's public file.

Community Reinvestment Act Performance Evaluation: October 5, 2009 (PDF, 709kb)
This document is an evaluation of HSBC's record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of the institution.