FDIC Releases Study on Minority Depository Institutions — 2014-07-21

Study Among Topics of Upcoming Advisory Committee on Community Banking Meeting The Federal Deposit Insurance Corporation (FDIC) today released a study on the structure, performance and social impact of Minority Depository Institutions (MDIs). The study describes MDIs and FDIC-insured community development financial institutions (CDFIs) and where these institutions are located. The remainder of the study is primarily focused on MDIs, exploring how this segment of the financial services industry has changed over time, how MDIs have performed financially, and the extent to which MDIs have achieved their mission in serving the needs of their communities. In relation to the 6,730 FDIC-insured financial institutions, the number of MDIs and insured institutions that are certified as CDFI banks is quite small. Only 2.6 percent of insured institutions are currently designated as MDIs, while 1.1 percent of insured institutions are certified as CDFIs (in addition to the CDFIs that are not federally insured depository institutions).