What is the primary focus of Part 346 in the FDIC regulations?

The primary focus of Part 346 in the FDIC regulations pertains to the disclosure and reporting of agreements related to the Community Reinvestment Act (CRA). This regulation requires financial institutions to provide transparency concerning their relationships and agreements that could impact their performance under the CRA. The CRA aims to ensure that banks serve the needs of their entire community, including low- and moderate-income residents.

Part 346 specifically mandates that banks disclose information about any agreements they enter into that are designed to support the lending and investment activities for these communities. This requirement enhances accountability and ensures that institutions are held responsible for their commitments to promote community development and equitable access to credit.

In contrast, the other areas mentioned, such as management official interlocks, international banking, and retail foreign exchange transactions, pertain to different regulatory concerns that do not focus specifically on the disclosure requirements tied to the CRA. Therefore, B accurately captures the essence of the regulations outlined in Part 346.