July 29, 2010

 Community Affairs supports the Federal Reserve System’s economic growth objectives by promoting:  Community economic development  Fair and impartial access to credit, and  Access to mainstream banking services by the historically underserved.  Efforts are focused on researching challenging issues facing low- and moderate-income communities and collaborating with key stakeholders to explore solutions.  Key stakeholders include financial institutions, community development organizations, business support organizations and government leaders. 2

 Community Development Investments: We work with banking institutions on Community Reinvestment Act requirements and introduce them to investment, lending and service opportunities available in their communities.  Consumer Financial Stability: We support financial education for consumers and help those in LMI communities build assets.  Economic Development: We support and promote effective economic development strategies in areas such as workforce development, entrepreneurship and small business.  Neighborhood Stabilization: We focus on initiatives such as homebuyer education, foreclosure mitigation and solutions to stabilize neighborhoods.  Sustainability for CDOs: We work with organizations on capacity building initiatives and on ways to help agencies connect with each other to share resources and expertise. 3 Community Affairs Focus Areas

Molly McGrath Community Affairs Advisor Federal Reserve Bank of Kansas City – Omaha Branch 2201 Farnam Street Omaha, NE