Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
May 30, 2008
Circular No. 11958

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.

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