The U.S. Treasury CDFI Fund promotes economic and community development
through financial and technical assistance programs for banks and certified
CDFIs to expand the availability of credit, capital, and financial services
in underserved and distressed communities. CDFIs are specialized financial
institutions that provide financial products and services to underserved
The BEA Program provides monetary awards to FDIC-insured depository
institutions that demonstrate an increase in investment in certified CDFIs,
or in their own lending, investing, or service-related activities in
Many BEA-qualifying activities may also receive positive consideration under
the Community Reinvestment Act.
For fiscal year 2013, the CDFI Fund will make $17 million in awards
available to FDIC-insured banks and thrifts. The CDFI Fund will issue awards
using a prioritized ranking of loans and investments to CDFIs, loans and
investments in BEA distressed communities, and the provision of financial
On June 20, 2013, the CDFI Fund will host a webinar with instructions on how
to apply for a BEA.
The deadline for submitting an application is July 12, 2013. Refer to the
Notice of Funding Availability and application materials on the CDFI Fund
Web site at www.cdfifund.gov/bea
or contact the CDFI Fund Help Desk at (202) 653-0421.
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officer
Chief CRA Officer
Jo Ann Wilkerson, Senior Community Affairs Specialist,
Division of Depositor and Consumer Protection, at jwilkerson@FDIC.gov or (703) 254-0482
Luke W. Reynolds, Chief, Outreach and Program Development,
Division of Depositor and Consumer Protection, at lureynolds@FDIC.gov or (703) 254-1045
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web
site at www.fdic.gov/news/news/financial/2013/index.html.
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies may be obtained through the FDIC's Public Information Center, 3501
Fairfax Drive, E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200).