External Outreach and Minority Affairs:
Minority-Owned National Bank Initiative
Supporting the principles of Section 308 of FIRREA, the OCC launched the Minority-Owned National Bank Initiative (also referred to as the MOI Initiative) in FY 2007. The Initiative, led by Midsize/Community Bank Supervision, functions to fulfill the OCC's objective of developing, implementing, and operating a Minority-Owned National Bank Program that, through high quality bank supervision and outreach, will enable minority-owned national banks to:
- operate in a safe and sound manner,
- serve the banking needs of their communities, and
- preserve their minority-owned status.
This objective is closely aligned with not only FIRREA but also the OCC's Policy Statement on Minority-Owned National Banks. Through the Initiative, the OCC plans to meet this objective by:
- assessing current agency efforts to meet the needs of minority-owned national banks,
- assessing the needs of minority-owned national banks,
- utilizing internal and external generated information to focus OCC's supervisory training and outreach activities, and
- reassessing activities and performance to adjust to the changing needs of minority-owned national banks.
Periodic updates on the Minority-Owned National Bank Initiative will be provided on the EOMA Web page and via OCCnet.
OCC Home Page > EOMA > Minority-Owned National Bank Initiative
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