# Statement of Policy Regarding Minority Depository Institutions
> **US Federal Deposit Insurance Corporation** · Final statement of policy. · Published 2021-06-23 · Effective 2021-08-23 · 86 FR 32728
## Document
- **Document number:** 2021-12972
- **Category:** other
- **Agency:** US Federal Deposit Insurance Corporation
- **Federal Register citation:** 86 FR 32728
- **Publication date:** 2021-06-23
- **Effective date:** 2021-08-23
## Abstract

The FDIC is issuing its Statement of Policy Regarding Minority Depository Institutions. Section 308 of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 established several goals related to encouraging, assisting, and preserving minority depository institutions. The FDIC has long recognized the unique role and importance of minority depository institutions and historically has taken steps to preserve and encourage minority-owned and minority-led financial institutions. The Statement of Policy updates, strengthens, and clarifies the agency's policies and procedures related to minority depository institutions.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2021/06/23/2021-12972/statement-of-policy-regarding-minority-depository-institutions)
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