Regulatory Alerts2021-03-25
SR 21-6: Federal Reserve Partnership for Progress Program for Minority and Women's Depository Institutions
The Federal Reserve System issued this joint letter to outline its Partnership for Progress program, which provides resources and support to Minority Depository Institutions and Women's Depository Institutions. The document defines eligibility criteria for MDIs and WDIs, establishes a voluntary designation process, and details specific outreach activities including technical assistance, training, and examination follow-up. It further mandates that Reserve Banks coordinate with the OCC and FDIC to preserve these institutions and facilitate their participation in the financial system.
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