|
Financial Institution Letter | May 19, 2022 |
|
Minority Depository Institution (MDI) Designations |
|
Summary:
On June 15, 2021, the Federal Deposit Insurance Corporation (FDIC) Board of Directors approved an updated Statement of Policy Regarding Minority Depository Institutions (Policy Statement), which details the framework by which the FDIC implements the goals set forth in Section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). The Policy Statement describes the FDIC’s framework and initiatives to fulfill its statutory goals with respect to MDIs. As noted in the Policy Statement, the FDIC will accept requests from entities for designation as an MDI.
This issuance establishes a process for an insured institution or applicant for deposit insurance to make a request that the FDIC recognize the institution as an MDI.
Statement of Applicability:
This Financial Institution Letter (FIL) apply to all FDIC-supervised financial institutions.
Distribution:
FDIC-Supervised Financial Institutions
|
|
|
The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe.
|
|
|
|
