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New information on lending to small businesses and small farms: the 1996 CRA data

Author

Listed:
  • Raphael W. Bostic
  • Glenn B. Canner

Abstract

As a consequence of recent revisions to the regulations that implement the Community Reinvestment Act (CRA), new information is now publicly available on the geographic distribution of small loans to businesses and farms and on community development lending. Because small businesses and small farms are more likely than larger ones to borrow small amounts, the CRA data on small loans are likely to provide a reasonable measure of the extension of credit to such businesses. Thus, the CRA data provide new opportunities to gauge the flow of credit to communities with differing economic and demographic characteristics. This article presents an initial assessment of the new CRA data on originations and purchases of small business and small farm loans during 1996. The focus of the analysis is on the broad patterns that emerge when the data are reviewed from a national perspective rather than on the lending activities of any individual institution.

Suggested Citation

  • Raphael W. Bostic & Glenn B. Canner, 1998. "New information on lending to small businesses and small farms: the 1996 CRA data," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), vol. 84(Jan), pages 1-21, January.
    • Handle: RePEc:fip:fedgrb:y:1998:i:jan:p:1-21:n:v.84no.1
    DOI: 10.17016/bulletin.1998.84-1
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    File URL: http://www.federalreserve.gov/pubs/bulletin/1998/199801lead.pdf
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    Citations

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    Cited by:

    1. W. Scott Frame & Lynn Woosley, 2004. "Credit Scoring and the Availability of Small Business Credit in Low‐ and Moderate‐Income Areas," The Financial Review, Eastern Finance Association, vol. 39(1), pages 35-54, February.
    2. Tessa Conroy & Sarah A. Low & Stephan Weiler, 2017. "Fueling Job Engines: Impacts Of Small Business Loans On Establishment Births In Metropolitan And Nonmetro Counties," Contemporary Economic Policy, Western Economic Association International, vol. 35(3), pages 578-595, July.
    3. William R. Keeton, 2009. "Has multi-market banking changed the response of small business lending to local economic shocks?," Economic Review, Federal Reserve Bank of Kansas City, vol. 94(Q I), pages 5-35.
    4. Berger, Allen N. & Demsetz, Rebecca S. & Strahan, Philip E., 1999. "The consolidation of the financial services industry: Causes, consequences, and implications for the future," Journal of Banking & Finance, Elsevier, vol. 23(2-4), pages 135-194, February.
    5. Anil Rupasingha & Kyungsoon Wang, 2017. "Access to capital and small business growth: evidence from CRA loans data," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 59(1), pages 15-41, July.
    6. Kenneth P. Brevoort & John D. Wolken, 2008. "Does distance matter in banking?," Finance and Economics Discussion Series 2008-34, Board of Governors of the Federal Reserve System (U.S.).

    More about this item

    Keywords

    Bank loans; Small business; Agricultural credit;
    All these keywords.

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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