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| The Federal Reserve's Community Development
Department gives financial institutions, community
based organizations and government
entities the tools they need to effectively address
community development issues affecting low- and moderate-income
individuals and communities. |
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| Mission |
The mission of the Community Development
function of the Federal Reserve System is to support
the economic growth objectives of the Federal Reserve
Act by promoting community development and fair
and equal access to credit.
To this end, the Community Development department
seeks to promote: |
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The active engagement of depository
institutions in traditionally underserved markets
for credit and other banking services; |
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Cooperation between community organizations and
financial institutions to their mutual benefit; |
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Greater public understanding of financial services
products, their intrinsic benefits and risks, and
the consumer's rights and responsibilities as expressed
in pertinent regulations; |
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A better understanding, on the part of policymakers,
community leaders, and private decision-makers, of
the process of community development, the factors
critical to success, and best practice models of
community development programs; and |
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A better understanding of the effect of Federal
Reserve policies on the less advantaged segments
of the economy. |
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| Staff |
| Learn more about the staff of
the Community Development department, including bios
and contact information. |
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| Contact
Us |
For general information and inquiries,
please call (415) 974-2765 or send us
an e-mail.
San Francisco Office
101 Market Street, MS 215
San Francisco, CA 94105
Los Angeles Branch
950 South Grand Avenue
Los Angeles, CA 90015
Seattle Branch
1015 Second Avenue
Seattle, WA 98104 |
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