Community Development & Engagement
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Community Development Financial Institutions (CDFIs) are important to the communities they serve, and the Federal Reserve is conducting a survey to understand their challenges and opportunities. Carrie Cook, the Richmond Fed's Community Affairs officer and vice president of Community Development, shared why this matters in a recent Fed Communities blog post.
The Federal Reserve Bank of Richmond, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation are sponsoring in-person trainings in Charlotte, North Carolina on July 26, 2023, from 9 a.m. – 3 p.m. for new and experienced Community Reinvestment Act (CRA) bank officers. CRA 101 will cover basics for new officers and CRA 201 will offer experienced officers guidance on the preparation of performance context and self-assessment for small, intermediate and large banks. Both trainings are available through this single registration link.
Featured Work
Roanoke, VA
The fourth annual Investing in Rural America Conference celebrated resilience in small towns and rural communities, and showcased success stories from around our District and beyond.
Explore more about what was presented at this year's conference on the 2023 event page.
Greensboro, NC
This conference featured discussions with national experts, community leaders and Richmond Fed economists who shared their perspectives on key topics related to capacity building in rural communities and small towns.
Reinvestment Act (CRA) was enacted by Congress in 1977 to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low-and moderate-income (LMI) neighborhoods.
Fed Communities serves as an online gateway to information that address barriers to economic growth and promotes fair and informed access to financial markets. The community development materials housed here are provided by all 12 Federal Reserve Banks and the Federal Reserve Board of Governors.