minority depository institution
Defined in 3 places across 2 titles of the United States Code.
The term "minority depository institution" has the meaning given that term under section 308(b) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
Source
- 2021–present12 U.S.C. § 5701Banks and Banking · Definitions · in this chapter
The term “minority depository institution” means an entity that is—
(A) a minority depository institution, as defined in section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1463 note); or
(B) considered to be a minority depository institution by—
(i) the appropriate Federal banking agency; or
(ii) the National Credit Union Administration, in the case of an insured credit union.
Source
- 2022–present15 U.S.C. § 3722aCommerce and Trade · Regional Technology and Innovation Hub Program · in this section
the term "minority depository institution" means an entity that is—
(A) a minority depository institution, as defined in section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1463 note); or
(B) considered to be a minority depository institution by—
(i) the appropriate Federal banking agency; or
(ii) the National Credit Union Administration, in the case of an insured credit union; or
(C) listed in the Federal Deposit Insurance Corporation's Minority Depository Institutions List published for the Third Quarter 2020.
Source
- 2020–202312 U.S.C. § 4703aBanks and Banking · Capital investments for neighborhoods disproportionately impacted by the COVID–19 pandemic · in this section
the term “minority depository institution” means an entity that is—
(A) a minority depository institution, as defined in section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1463 note); or
(B) considered to be a minority depository institution by—
(i) the appropriate Federal banking agency; or
(ii) the National Credit Union Administration, in the case of an insured credit union; or
(C) listed in the Federal Deposit Insurance Corporation’s Minority Depository Institutions List published for the Third Quarter 2020.1
Source
- 2023–present12 U.S.C. § 4703aBanks and Banking · Capital investments for neighborhoods disproportionately impacted by the COVID–19 pandemic · in this section