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Financial Institution Letter

FDIC Issues New Statement of Policy Regarding Minority Depository Institutions

June 15, 2021  |  FIL-42-2021


On June 15, 2021, the FDIC Board of Directors approved an updated Statement of Policy Regarding Minority Depository Institutions.  The Statement of Policy enhances the FDIC’s efforts to encourage and preserve minority-owned and minority-led financial institutions, and updates, strengthens, and clarifies the FDIC’s policies and procedures related to the existing framework for the preservation and promotion of minority depository institutions (MDIs).

A copy of the Statement of Policy Regarding Minority Depository Institutions can be found on the FDIC’s website.

Statement of Applicability: This Financial Institution Letter (FIL) is applicable to all FDIC-supervised institutions.


  • The approved Statement of Policy replaces the 2002 Statement of Policy.
  • On September 25, 2020, the FDIC published proposed revisions to the Statement of Policy in the Federal Register for public comment.  The FDIC received and reviewed seven comment letters from the public. 
  • The Statement of Policy:
    • clarifies the FDIC’s expectations for technical assistance and illustrates opportunities for engagement with various members of FDIC staff throughout the organization;
    • highlights the FDIC’s outreach efforts including, but not limited to, the establishment of the MDI Subcommittee of the Advisory Committee on Community Banking and enhanced activities to promote collaboration with MDIs;
    • defines terms used in the MDI Program, details reporting requirements, and specifies methods used to measure the effectiveness of the MDI Program activities; and
    • details considerations made by examination staff when evaluating performance and assigning ratings.

  • After considering the comment letters, the FDIC revised the proposed Statement of Policy to identify, specifically, state bankers associations as collaboration partners, along with other trade associations that support MDIs in the development of education and training events and other initiatives for MDIs.


FDIC-Supervised Institutions

Suggested Routing:

Board of Directors
Chief Executive Officer
Chief Lending Officer

Related Topics:

Minority Depository Institutions Program