United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2006-10-04 monographic deposited born digital 74 p. GA 1.13:GAO-07-6 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-6 P0b002ee18038cd97 f:d076 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-07-6 machine generated eng fdlp REPORT GAOREPORTS-GAO-07-6 GAO-07-6 Bank examination Bank management Banking law Banking regulation Federal regulations Lending institutions Minorities Performance measures Policy evaluation Program evaluation Regulatory agencies Surveys Technical assistance Community and supportive services programs Other Written Product A61804

Minority banks can play an important role in serving the financial needs of historically underserved communities and growing populations of minorities. For this reason, the Financial Institutions, Reform, Recovery, and Enforcement Act of 1989 (FIRREA) established goals that the Federal Deposit Insurance Corporation (FDIC) and the Office of Thrift Supervision (OTS) must work toward to preserve and promote such institutions (support efforts). To evaluate their efforts, as well as those of the Office of the Comptroller of the Currency (OCC) and the Federal Reserve, GAO (1) reviewed the profitability of minority banks, (2) identified the regulators' support and assessment efforts, and (3) obtained the views of minority banks on the regulators' efforts. GAO reviewed financial data from FDIC, interviewed regulators, and surveyed all minority banks. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-6/html/GAOREPORTS-GAO-07-6.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-6/pdf/GAOREPORTS-GAO-07-6.pdf GAO-07-6 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-6 Other Written Product GAO-07-6; Minority Banks: Regulators Need to Better Assess Effectiveness of Support Efforts; Bank examination Bank management Banking law Banking regulation Federal regulations Lending institutions Minorities Performance measures Policy evaluation Program evaluation Regulatory agencies Surveys Technical assistance Community and supportive services programs Title 39 Section 2801(1) 39 U.S.C. 2801(1) Volume 91 Page 1147 91 Stat. 1147 Volume 103 Page 183 103 Stat. 183 Public Law 95-128 Public Law 101-73