US Code

Public Law 119-73 (01/23/2026)

12 U.S.C. § 2907

Operation of branch facilities by minorities and women

(a)

In general

In the case of any depository institution which donates, sells on favorable terms (as determined by the appropriate Federal financial supervisory agency), or makes available on a rent-free basis any branch of such institution which is located in any predominantly minority neighborhood to any minority depository institution or women’s depository institution, the amount of the contribution or the amount of the loss incurred in connection with such activity may be a factor in determining whether the depository institution is meeting the credit needs of the institution’s community for purposes of this chapter.

(b)

Definitions

For purposes of this section—
(1)

Minority depository institution

1
1 So in original. Probably should be “minority depository institution”.
section 1813(c) of this titleThe term “minority institution”  means a depository institution (as defined in )—
(A)
more than 50 percent of the ownership or control of which is held by 1 or more minority individuals; and
(B)
more than 50 percent of the net profit or loss of which accrues to 1 or more minority individuals.
(2)

Women’s depository institution

section 1813(c) of this titleThe term “women’s depository institution” means a depository institution (as defined in )—
(A)
more than 50 percent of the ownership or control of which is held by 1 or more women;
(B)
more than 50 percent of the net profit or loss of which accrues to 1 or more women; and
(C)
a significant percentage of senior management positions of which are held by women.
(3)

Minority

The term “minority” has the meaning given to such term by section 1204(c)(3) of the Financial Institutions Reform, Recovery and Enforcement Act of 1989.

Pub. L. 95–128, title VIII, § 808Pub. L. 102–233, title IV, § 402(b)105 Stat. 1775Pub. L. 102–550, title IX, § 909(2)106 Stat. 3874(, as added , , ; amended , , .)

Editorial Notes

References in Text

section 1204(c)(3) of Pub. L. 101–73section 1811 of this titleSection 1204(c)(3) of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, referred to in subsec. (b)(3), is , which is set out as a note under .

Amendments

Pub. L. 102–5501992—Subsec. (a). substituted “may be a factor in determining whether the depository institution is” for “shall be treated as”.