12 U.S.C. § 2901 : US Code - Section 2901: Congressional findings and statement of purpose

Search 12 U.S.C. § 2901 : US Code - Section 2901: Congressional findings and statement of purpose

(a) The Congress finds that -
(1) regulated financial institutions are required by law to
demonstrate that their deposit facilities serve the convenience
and needs of the communities in which they are chartered to do
business;
(2) the convenience and needs of communities include the need
for credit services as well as deposit services; and
(3) regulated financial institutions have continuing and
affirmative obligation to help meet the credit needs of the local
communities in which they are chartered.
(b) It is the purpose of this chapter to require each appropriate
Federal financial supervisory agency to use its authority when
examining financial institutions, to encourage such institutions to
help meet the credit needs of the local communities in which they
are chartered consistent with the safe and sound operation of such
institutions.