View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Advanced

Search
About
the Fed

News
& Events

Monetary
Policy

Supervision
& Regulation

Payment
Systems

Economic
Research

Data

Consumers
& Communities

Board of Governors of the Federal Reserve System
The Federal Reserve, the central bank of the United States, provides the nation with a
safe, flexible, and stable monetary and financial system.

Home > News & Events > Press Releases

Joint Press Release
June 18, 2013

Agencies release list of distressed or
underserved nonmetropolitan middle-income
geographies
Board of Governors of the Federal Reserve System
Office of the Comptroller of the Currency
Federal Deposit Insurance Corporation
For immediate release
Share

WASHINGTON--The federal bank and thrift regulatory agencies today
announced the availability of the 2013 list of distressed or underserved
nonmetropolitan middle-income geographies where revitalization or
stabilization activities will receive Community Reinvestment Act (CRA)
consideration as "community development."
"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 triggers such as unemployment, poverty,
and population changes.
As with past releases, the agencies incorporate a one-year lag period for
geographies that are no longer designated as distressed or underserved
in the current release. Geographies subject to this one-year lag period
are eligible to receive consideration for community development

activities 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. In addition, although the 2010 Census demographic profiles
for American Samoa, Commonwealth of the Northern Mariana Islands,
Guam, and U.S. Virgin Islands have been released, the full Census
summary files for these areas are not yet available. The 2013 list will be
updated when the full Census summary files become available.
Attachments:
2013 List of Middle-Income Nonmetropolitan Distressed or Underserved
Geographies
2013 Distressed or Underserved Nonmetropolitan Middle-Income
Geographies Source Information and Methodology

Media Contacts:
Federal Reserve
Board
OCC
FDIC

Susan Stawick
Stephanie
Collins
Greg
Hernandez

(202) 4522955
(202) 6496870
(202) 8986984

Last Update: June 18, 2013

BOARD OF GOVERNORS
of the FEDERAL
RESERVE SYSTEM
About the Fed
News & Events
Monetary Policy
Supervision & Regulation
Payment Systems
Economic Research
Data
Consumers & Communities
Financial Stability

TOOLS AND
INFORMATION
Contact
Publications
Freedom of Information (FOIA)
Office of Inspector General
Budget & Performance | Audit
No FEAR Act
EspaƱol
Website Policies | Privacy
Program
Accessibility

STAY CONNECTED

BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM
20th Street and Constitution Avenue N.W., Washington, DC 20551