Joint Release/Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies — 2018-06-25

Agencies Release List of Distressed or Underserved Nonmetropolitan Middle- Income Geographies WASHINGTON--The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2018 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community development definition. Distressed nonmetropolitan middle-income geographies and underserved nonmetropolitan middle-income geographies are designated by the agencies in accordance with their CRA regulations. The criteria for designating these areas are available on the Federal Financial Institutions Examination Council (FFIEC) website (https://www.ffiec.gov/cra). The designations continue to reflect local economic conditions, including unemployment, poverty, and population changes. As with past releases, the agencies apply a one-year lag period for geographies that were listed in 2017 but are no longer designated as distressed or underserved in the current release.