- Vision [1]
- The Committee provides the Office of Thrift Supervision (OTS) with advice and information on the current circumstances and
future development of minority depository institutions, in accordance with the mandate in 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.
Section 308 requires OTS to preserve the present number of minority depository institutions, preserve the minority character
of minority depository institutions in cases involving mergers or acquisitions, provide technical assistance, and encourage
the creation of new minority depository institutions.
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