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Agencies release list of distressed or underserved nonmetropolitan middle-income geographies

June 17, 2019 / Source: FRB

Joint Press Release

June 17, 2019

Agencies release list of distressed or underserved nonmetropolitan middle-income geographies

  • Board of Governors of the Federal Reserve System
  • Federal Deposit Insurance Corporation
  • Office of the Comptroller of the Currency

For release at 12:00 p.m. EDT

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2019 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community development definition.

Distressed nonmetropolitan middle-income geographies and underserved nonmetropolitan middle-income geographies are designated by the agencies in accordance with their CRA regulations. The criteria for designating these areas are available on the Federal Financial Institutions Examination Council (FFIEC) website (http://www.ffiec.gov/cra). The designations continue to reflect local economic conditions, including unemployment, poverty, and population changes.


 

As with past releases, the agencies apply a one-year lag period for geographies that were listed in 2018 but are no longer designated as distressed or underserved in the current release. Revitalization or stabilization activities in these geographies are eligible to receive CRA consideration under the community development definition for 12 months after publication of the current list.

The current and previous years' lists can be found on the FFIEC website, along with information about the data sources used to generate those lists.

2019 List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies (PDF)

Source Information and Methodology (PDF)

Media Contacts:

Federal Reserve

Susan Stawick

202-452-2955

FDIC

Greg Hernandez

202-898-6984

OCC

William Grassano

202-649-6870

Last Update: June 17, 2019