Regional & Community Analysis
Federal Reserve Bank of Richmond
First published October 2019
The Richmond Fed’s recent report, Community Development Financial Institutions (CDFIs) by the Numbers, provides findings from the 2019 Federal Reserve CDFI Survey. CDFIs are specialized financial institutions operating in markets that are underserved by traditional financial institutions.
The 2019 CDFI Survey was a collaborative effort of the Federal Reserve, the CDFI Fund, Opportunity Finance Network, First Nations Oweesta Corporation, NeighborWorks America, and Inclusiv. The survey was conducted from April through June 2019 and gathered information from 557 CDFIs in the continental United States, Alaska, Guam, Hawaii, and Puerto Rico.