Volume 9; No. 4; Fall 1997
CRA & Technology: Bonding with Your Community
Relief is here for financial institutions seeking opportunities to purchase
community development-related mortgage revenue bonds. Check out the new
website (http://www.wa.gov/tre) on
the Washington State Treasurer's Office home page to obtain notice of
currently available mortgage revenue bond issues. While banks must conduct
their usual due diligence for safety and soundness, purchase of the bonds
may increase a bank's profitability while improving performance under
the CRA investment test.
Spearheaded by Community Affairs staff at the Federal Reserve Bank of
San Francisco, the site was created through an alliance with local legal
advisors, securities brokers, an affordable housing developer and Washington
State representatives. Similar web pages for the states of Oregon, Utah
and Idaho will be operational by year's end.
The Federal Reserve Bank of San Francisco is proud to announce the
recent publication of Community Profiles for the following
Idaho - Las Vegas - Los Angeles - Oregon
Phoenix - Sacramento - Seattle - Utah
And coming soon...
San Diego - San Francisco - San Jose
Each community profile includes an analysis of the area's economic outlook
and credit needs as well as descriptions of potential community-based
To order copies, please contact June Yambao in Community Affairs at (415)
Please... MARK YOUR CALENDARS!
FOR THE BEST CRA CONFERENCE OF THE NEW YEAR!
The Federal Reserve Bank of San Francisco, in cooperation with The Federal
Deposit Insurance Corporation, presents
The 1998 COMMUNITY REINVESTMENT CONFERENCE
March 4 - 6, 1998
Caesar's Palace Conference Center
Las Vegas, Nevada
More Information Coming Your Way Soon!
New HUD Community Development Mapping Software
Community 2020 is HUD's new desktop geographic information system which
displays local, regional and state information about housing and community
development in vivid, easy-to-understand maps. This off-the-shelf, full
feature mapping software uses up to 640 different census elements to describe
the characteristics of a neighborhood or community. The user-friendly
software can be an effective tool for local organizations examining lending
patterns relative to economic and social aspects of the community. The
Community 2020 software can also correlate HMDA data to other key economic
and financial variables of specific neighborhoods. To learn more about
this desktop mapping software, contact HUD's Community Connections office
at (800) 998-9999 and ask for the Community 2020 order desk.