The Community Reinvestment Act of 1977, as amended, encourages each insured depository institution covered by the act to help meet the credits need of the communities in which it operates. The CRA requires that each federal financial supervisory agency assess the record of each covered depository institution in helping to meet the credit needs of the entire community, including low- and moderate-income neighborhoods, consistent with safe and sound operations, and take that record into account when deciding whether to approve an application by the institutions for a deposit facility.