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cover to 2019 CDFIs by the Numbers report

Oct. 16, 2019

New Richmond Fed Report on CDFIs Across the U.S.

A new publication from the Richmond Fed, “CDFIs by the Numbers,” provides information on community development financial institutions (CDFIs) across the United States based on results from the Federal Reserve’s 2019 CDFI Survey. CDFIs are specialized financial institutions operating in markets that are underserved by traditional financial institutions, and the Richmond Fed supports the work of CDFIs to help encourage equitable access to capital in all communities.

The Federal Reserve’s 2019 CDFI Survey collected critical information on the business practices, financial needs and concerns of CDFIs to better understand the scope and impact of their activity nationwide. This pilot national effort was a partnership of the 12 Federal Reserve Banks, along with the CDFI Fund, Inclusiv, NeighborWorks America, Opportunity Finance Network and First Nations Oweesta Corporation.

Along with the report, the Richmond Fed also released an updated version of its National CDFI Directory, which provides contact information for over 500 CDFIs across the continental United States, Alaska, Guam, Hawaii and Puerto Rico.

As part of our nation’s central bank, the Richmond Fed is one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy and deliver on our mission to foster economic stability and strength. We connect with community and business leaders across the Fifth Federal Reserve District — including the Carolinas, District of Columbia, Maryland, Virginia, and most of West Virginia — to monitor economic conditions, address issues facing our communities, and share this information with monetary and financial policymakers. We also work with banks to ensure they are operating safely and soundly, supply financial institutions with currency that’s fit for distribution, and provide a safe and efficient way to transfer funds through our nation’s payments system.


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