We believe it is important for bank regulators, legislators, and local residents to understand exactly where and how their federally-insured deposits and other assets are being reinvested in their local community every year. It is in this context that we publish this annual report to examine reinvestment activity in New York City. ANHD believes that bank reinvestment-related activity -- including lending, investments and services in low- and moderate-income neighborhoods -- should be substantial and in proportion to each bank's locally-held deposit base. This report documents our three major findings, a detailed analysis of each category, overall rankings for 2010, and our recommendations for New York City's banks and regulators.
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- Copyright 2012 Association for Neighborhood and Housing Development, Inc..
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