Skip to content

St. Louis Fed’s Community Reinvestment Initiatives

The Federal Reserve Bank of St. Louis’ Community Reinvestment Initiatives team is a partnership between the Bank’s Community Development department and Consumer Affairs examination function. Our cross-functional team seeks out information related to how banks respond to the credit and financial services needs of low- and moderate-income (LMI) communities in the Eighth District.

The Initiatives team interacts with the community to gather information for examiners’ use during Community Reinvestment Act (CRA) evaluations. The team also relies on this feedback to guide the development of technical assistance, training and other programs to improve CRA awareness and utilization among financial institutions, community development organizations, government entities and policymakers.

Regulations define four categories of CRA-eligible community development purposes. However, other activities may be included under each as shown below:

  1. Affordable housing
  2. Community facilities and services (including financial education and capability, charter schools, community centers and daycare facilities)
  3. Activities that promote economic development by providing financing for small businesses or small farms (including workforce development and small business technical assistance)
  4. Neighborhood revitalization and stabilization in LMI geographies, distressed or underserved non-metro middle-income areas or designated disaster areas.

This video further explains community development under the CRA.
Source: Federal Reserve Bank of Richmond

Please note: Financial institutions should consider the information presented here in context of requirements or guidance of their primary regulator and the business needs of their financial institution.

Our Initiatives

Investment Connection

Investment Connections

Investment Connection is an outcome-driven approach to sharing information about community development needs in all parts of the Eighth District. The program brings financial institutions and other funders together with CRA-eligible community and economic development organizations seeking funding for Community Reinvestment Act (CRA) eligible projects or programs in low- and moderate-income (LMI), distressed and underserved communities.

CRA Technical Assistance and Training

The Community Reinvestment Initiatives team’s goal in providing technical assistance and sharing promising practices is to open the door to partnerships for lending, investments and services between funders and community development organizations that address the needs of LMI geographies, individuals and families, and small businesses and farms.

Articles and Resources

For Bankers

For Community Development Organizations