The federal bank and thrift regulatory agencies have announced the availability of the 2008 list of distressed or underserved nonmetropolitan middle-income geographies where bank 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.

As in past releases, the 2008 list will incorporate a one-year lag period for geographies that were designated as distressed or underserved in 2007, but were not designated as such in the 2008 release.

See press release for full details.

Press release

Contact:
Public Affairs
(212) 720-6130
general.info@ny.frb.org