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You can query a model directly and test the results returned when using different parameter values with the Cloud console, or by calling the Vertex AI API directly.
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Prompt Freeform
Your are a very professional document summarization specialist. Given a document, your task is to strictly follow the user's instructions.
Please summarize the above document.
Response
The FDIC is proposing new regulations to modernize the Community Reinvestment Act (CRA), which would encourage banks to increase lending in low- and moderate-income (LMI) communities. The proposal aims to achieve this goal by providing incentives for banks to make long-term commitments in LMI communities, increasing the size of qualifying loans to small businesses and farms, and expanding the activities that qualify for CRA credit. The FDIC will also publish a list of illustrative examples of qualifying activities and establish a process for stakeholders to seek agency determination of a qualifying activity. The proposal would also establish new performance standards to assess the distribution of qualifying retail loan originations to LMI individuals, and to small farms and small businesses in an assessment area. The proposal would recognize the evolution of the banking system by requiring banks to add assessment areas where they have significant concentrations of retail domestic deposits. The FDIC is seeking public comment on the proposal. The proposal reflects hard work, collaboration, and coordination among the FDIC, OCC, and Federal Reserve Board. The FDIC is looking forward to continuing to work with the Federal Reserve Board as the proposal moves forward. The FDIC supports this proposed rule.
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