The Banking Commission

The Banking Commission consists of three members: the Mayor, City Comptroller and the Commissioner of Finance. The Treasury Division provides administrative support.

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
 Documentation Required for Designation as A Depository
Bank
 Designated Bank List as of 11/4/11

For more information on the history of BDDs, contact NYS Banking Department.