Deputy Comptroller for Community Affairs, Office of the Comptroller of the Currency to Speak on Release of New Banking Advisory Letter.Business Editors LOS ANGELES--(BUSINESS WIRE)--Oct. 27, 2003 Anna Alvarez Boyd, Deputy Comptroller, Community Affairs, Office of the Comptroller of the Currency The Office of the Comptroller of the Currency (or OCC) was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States. (OCC OCC See: Options Clearing Corporation OCC See Options Clearing Corporation (OCC). ), will be keynote speaker at the CEDLI/CARAT Sixth Annual Awards Luncheon Recognizing Excellence in Community Economic Development. Her comments will address guidance issued by the OCC this morning on how banks can reach minority business markets. Anna Alvarez Boyd leads a department of community development professionals located in Washington and in OCC offices throughout the United States. The Community Affairs staff is responsible for outreach to banks and their community partners, the administration of the public welfare investment authority for national banks, the development of policy and the creation and distribution of educational materials on community development issues. Hosted by the California Economic Development Lending Initiative (CEDLI CEDLI California Economic Development Lending Initiative ) and California Resources and Training (CARAT), the awards will be presented at a ceremony on Oct. 27, 2003 at the Omni Hotel in Los Angeles. The luncheon is co-hosted by Citibank and co-sponsored by Wells Fargo. Alan Fisher, Executive Director of Community Reinvestment Committee (CRC (Cyclical Redundancy Checking) An error checking technique used to ensure the accuracy of transmitting digital data. The transmitted messages are divided into predetermined lengths which, used as dividends, are divided by a fixed divisor. ), will receive an award for his Innovation in Technical Assistance (TA) Performance and Service. CRC is a statewide membership organization of more than two hundred nonprofit organizations and public agencies that uses the Community Reinvestment Act Community Reinvestment Act (CRA) Enacted by Congress in 1977, the CRA encourages banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations. (CRA See Community Reinvestment Act. ) to advocate with financial institutions for increased lending, investment, and services to low income communities and communities of color. CRC has CRA agreements with major California financial institutions including Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , City National Bank, Wells Fargo Bank, Union Bank of California Union Bank of California is one of the 30 largest commercial banks in the United States. It has 327 branches, the majority of which are in San Diego, Los Angeles and Orange Counties. , U.S. Bank, and Washington Mutual. "Mr. Fisher has been instrumental in providing outstanding leadership and entrepreneurial support to the growth of small businesses in California. We're very pleased to recognize his commitment to economic development in the community," George Williamson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CEDLI, stated. Three other award categories will honor recipients for their contributions to community economic development: for Outstanding Performance in Community Development Lending -- Comerica Bank, U.S. Bank, Wells Fargo Bank and the Business Resource Group; for Outstanding Performance in Community Economic Development and Revitalization -- TMB TMB Tetramethylbenzidine TMB Technical Management Board TMB Twisted Metal: Black (video game) TMB Third Millennium Bible TMB Touch My Body (song) TMB Text Me Back TMB Too Many Birthdays , Family Health Care of Greater Los Angeles County, Academy for Early Learning and Community Financial Resource Center. Bettye L. Wilkes, Senior Vice President, Corporate and Employee Giving, Seattle Washington Mutual, will receive an award for her Outstanding Leadership and Innovation in Community Economic Development. Contributors to this year's awards luncheon are Citibank (luncheon co-hosts), Wells Fargo (luncheon co-sponsors), Comerica Bank, Union Bank of California, Washington Mutual, Bank of the West, California Statewide Certified Development Corporation, City National Bank, TMC Development, Bank of America, Frandzel Robins Bloom & Csato, LC, and Nara Bank. Community contributors are Business Resource Group, California Southern Small Business Development Corporation, CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation Small Business Finance Corporation, Community Financial Resource Center, CHARO, Operation Hope, Inc., Pacific Coast Regional Corporation and Valley Economic Development Corporation. CEDLI is a community development fund established in July 1995 to provide investment capital to small business and community development organizations throughout California. It maintains offices in Los Angeles and Oakland to serve small business and community organizations throughout California in both urban and rural communities. This statewide community development corporation includes investors from many of California's financial institutions, insurance companies and corporations. CARAT is a statewide economic development initiative that facilitates partnerships between nonprofit economic development organizations and financial institutions to improve services for small businesses. For more information on this annual event, contact George Williamson at 510-267-8997. |
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