skip to main navigation skip to secondary navigation skip to content
Board of Governors of the Federal Reserve System
skip to content

Annual Report on Preserving Minority Depository Institutions

Conclusion

The Federal Reserve System supports an inclusive financial system and understands the challenges inherent in providing access to credit and services in traditionally underserved areas. As such, the System remains committed to identifying additional opportunities to support the preservation of MDIs.

For 2015, Board Staff are working to incorporate community development and utilize their resources to enhance PFP. The community development function within the Federal Reserve System--consisting of individual community development departments at each of the 12 Federal Reserve Banks as well as at the Board of Governors--promotes economic growth and financial stability for lower-income communities and individuals through a range of activities, including convening stakeholders, conducting and sharing research, and identifying emerging issues.

Last update: December 30, 2015

Back to Top