Press Releases

5th District Footprint September 2017

Sept. 12, 2017

5th District Footprint Examines How the Community Reinvestment Act Can Help Medically Underserved Areas

The latest 5th District Footprint examines areas within the Fifth District that are eligible for Community Reinvestment Act investment and designated as Medically Underserved Areas/Populations (MUA/Ps) by the Health Resources and Services Administration.

The analysis found that at the county level 78.3 percent of Fifth District counties (281 counties) contain at least one census tract that is CRA-eligible and MUA/P-designated. This is important since banks can fulfill their CRA obligation by investing in facilities that promote community development, including health care facilities.

Virginia contains the largest number of counties with at least one CRA-eligible and MUA/P-designated census tract at 95 counties (71.4 percent). South Carolina has the highest share of counties with at least one CRA-eligible and MUA/P-designated census tract at 91.3 percent (42 counties).

Published four times a year, the 5th District Footprint provides a spatial analysis of data relevant to community development professionals in Maryland, North Carolina, South Carolina, Virginia, West Virginia and the District of Columbia.

The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.


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