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News Release 2023-66 | June 23, 2023

Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies

Joint Release

Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency

Federal bank regulatory agencies today made available the 2023 list of distressed or underserved nonmetropolitan middle-income geographies.

The Community Reinvestment Act (CRA) encourages banks to help meet the credit needs of their local communities, including low- and moderate- income communities, in a safe and sound manner. Distressed or underserved nonmetropolitan middle-income geographies are census tracts where revitalization or stabilization activities are eligible to receive CRA consideration. The designations reflect local economic conditions, including unemployment, poverty, and population changes. Previous years’ lists and criteria for designating these areas are available here.

Revitalization or stabilization activities in these geographies are eligible to receive CRA consideration under the community development definition for 12 months after publication of the current list. As with past lists, the agencies apply a one-year lag period for geographies that were included in 2022 but are no longer designated as distressed or underserved in the current list.

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Media Contacts

Federal Reserve
Laura Benedict
(202) 452-2955

LaJuan Williams-Young
(202) 898-3876

Brian Walch
(202) 649-6870