- Mission [1]
- The Committee provides advice to the Office of Thrift Supervision (OTS) on meeting the goals established by section 308 of
the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Pub. L. No. 101-73,Title III, 103 Stat.
353, 12 U.S.C. § 1463 note, to preserve the present number of minority institutions, preserve the minority character of minority
owned institutions in cases involving mergers or acquisitions, provide technical assistance, and encourage the creation of
new minority depository institutions.The Committee assesses the current condition of minority depository institutions, what
regulatory changes or other steps OTS may be able to take to fulfill the mandate of section 308, and other issues of concern
to OTS-supervised minority depository institutions.
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