Contact: Media Representative 612-204-5261 Date: January 16, 1998 FOR IMMEDIATE RELEASE

Fed Offers Guide to Community Development Lending

MINNEAPOLIS—The Federal Reserve Bank of Minneapolis is now offering Principles & Practices of Community Development Lending, a five-step investment model to strengthen bank community lending. The guide is targeted to lenders and their community development partners who want to increase their knowledge of how to evaluate and make community development loans. It provides users a method for analyzing community development loan proposals and includes a helpful list of public and private credit programs for those seeking project financing.

For more information, contact the Community Affairs department at the Federal Reserve Bank of Minneapolis 612-204-5074.

As one of the 12 Federal Reserve Banks, the Federal Reserve Bank of Minneapolis contributes to a variety of Federal Reserve System functions, including operation of a nationwide payments system, distribution of the nation’s currency and coin, supervision and regulation of member banks and bank holding companies, and serving as a fiscal agent for the U.S. Treasury. Additionally, the president of the Minneapolis Fed serves as a member of the Federal Open Market Committee, the monetary policymaking arm of the Federal Reserve’s Board of Governors. Together with its branch in Helena, Mont., the Minneapolis Fed serves the Ninth Federal Reserve District, which includes Minnesota, Montana, North and South Dakota, 26 counties in northwestern Wisconsin and the Upper Peninsula of Michigan.

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