The FDIC issued a revised statement of policy regarding minority depository institutions ("MDIs") that "updates, strengthens and clarifies" existing policies. The final statement of policy:
- describes the FDIC's efforts to preserve MDIs and to enhance communication;
- defines the program terms for technical assistance, outreach, training and education; and
- explains how the FDIC assesses an MDI's performance based on examination standards.
The statement of policy will go into effect 60 days after its publication in the Federal Register.
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