The Banking Commission
The Banking Commission consists of the Mayor, who serves as Chair, the Comptroller,
the Commissioner of Finance, and the Deputy Commissioner of Finance's Treasury
Division, who serves as the Banking Commission's Secretary. The Department of
Finance provides all administrative support for the Commission's work.
The Banking Development District Program
The New York City Banking Commission oversees the City's Banking Development District Program. BDDs encourage and help banks to open branches in traditionally underserved neighborhoods.
Banking Development Districts provide many advantages, such as:
- Providing easier access to regular banking services
for residents who have not had local banks available.
- Strengthening the local economy of communities by
giving residents more chances to get business and personal loans.
- Offering the community educational meetings. Residents and small business owners can learn more about important subjects, such as mortgages and business loans.
Additional Information
BDD
Program Eligibility Criteria (96k)
BDD
Program Documentation Required for Designation (132k)
For more information on the history of BDDs, contact
NYS Banking Department.
