Federal Deposit Insurance Corporation
The FDIC is issuing its Statement of Policy Regarding Minority Depository Institutions. Section 308 of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 established several goals related to encouraging, assisting, and preserving minority depository institutions. The FDIC has long recognized the unique role and importance of minority depository institutions and historically has taken steps to preserve and encourage minority-owned and minority-led financial institutions. The Statement of Policy updates, strengthens, and clarifies the agency's policies and procedures related to minority depository institutions.
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Federal Deposit Insurance Corporation 12 CFR Chapter III RIN 3064-ZA19 AGENCY: Federal Deposit Insurance Corporation (FDIC). ACTION: Final statement of policy. SUMMARY: The FDIC is issuing its Statement of Policy Regarding Minority Depository Institutions. Section 308 of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 established several goals related to encouraging, assisting, and preserving minority depository institutions. The FDIC has long recognized the unique role and importance of minority depository institutions and historically has taken steps to preserve and encourage minority-owned and minority-led financial institutions. The Statement of Policy updates, strengthens, and clarifies the agency's policies and procedures related to minority depository institutions. DATES: The Statement of Policy is effective August 23, 2021. FOR FURTHER INFORMATION CONTACT: Misty Mobley, Senior Review Examiner, Division of Risk Management and Supervision, (202) 898-3771, mimobley@fdic.gov ; Lauren Whitaker, Senior Attorney, (202) 898-3872, lwhitaker@fdic.gov ; Jason Pan, Senior Attorney, (202) 898-7272, jpan@fdic.gov ; or Gregory Feder, Counsel, (202) 898-8724, gfeder@fdic.gov , Legal Division, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. For the hearing impaired only, TDD users may contact (202) 925-4618. SUPPLEMENTARY INFORMATION: Table of Contents I. Background II. The Proposed Statement of Policy A. Proposed Revisions B. C…
Citation: 86 FR 32728
