Community Development & Engagement
Featured
From quaint storefronts offering a variety of gourmet peanuts to sprawling farms where generations have perfected their craft, this area has solidified its spot as an important part of Virginia’s agricultural economy thanks to its continued commitment to one of America’s favorite legumes. But as our Community Conversations team learned on a recent trip to Southeastern Virginia, the pull between maintaining a rural, small town feel and embracing the potential benefits of urbanization hangs in the balance.
Western North Carolina is known for stunning mountain views, the eclectic tourist hotspot Asheville, and the opulent former residency of the Vanderbilts, the Biltmore Estate. But, as our Community Conversations team learned as they traveled an hour west of Asheville to places like Jackson County and the Qualla Boundary, Western North Carolina is also home to a strong sense of community, resiliency and innovation.
Featured Work
Richmond, VA
The Federal Reserve Bank of Richmond, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation are sponsoring a training on the Community Reinvestment Act (CRA) 101 for bankers only. The workshop will cover CRA Basics designed for new and less experienced CRA bank officers.
The Office of the Comptroller of the Currency (OCC), the Federal Reserve Bank of Richmond (FRBR) and the Federal Deposit Insurance Corporation (FDIC) are sponsoring a virtual workshop on the Community Reinvestment Act.
Designed for community-based organizations, this workshop will review the regulation and discuss ways through which community organizations can collaborate more effectively with banks. Topics discussed include an overview of the CRA, understanding the impact of bank performance context, the types of bank activities that qualify for CRA consideration and strategies to develop successful partnerships with banks.
Richmond Fed president Tom Barkin and Federal Reserve Board Governor Michelle Bowman will lead a discussion about the lingering impact of the pandemic on the economy and the workforce. The general public is invited to listen in, via livestream, as Barkin, Bowman and several special guests explore the challenges and opportunities that exist as the region served by the Richmond Fed continues the transition to a new normal.
Our survey of community college outcomes better reflects how the institutions are serving their students and communities than current data collection methods.
Reinvestment Act (CRA) was enacted by Congress in 1977 to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low-and moderate-income (LMI) neighborhoods.
Fed Communities serves as an online gateway to information that address barriers to economic growth and promotes fair and informed access to financial markets. The community development materials housed here are provided by all 12 Federal Reserve Banks and the Federal Reserve Board of Governors.