REPORT ON COMMUNITY DEVELOPMENT LENDING.

SEC. 910. REPORT ON COMMUNITY DEVELOPMENT LENDING. (a) In General.—Not later than 12 months after the date of enactment of this section, the Board of Governors of the Federal Reserve System, in consultation with the Comptroller of the Currency, the Chairman of the Federal Deposit Insurance Corporation, the Director of the Office of Thrift Supervision, and the Chairman of the National Credit Union Administration, shall submit a report to the Congress comparing residential, small business, and commercial lending by insured depository institutions in low-income, minority, and distressed neighborhoods to such lending in other neighborhoods. (b) Contents of Report.—The report required by subsection (a) shall— (1) compare the risks and returns of lending in low-income, minority, and distressed neighborhoods with the risks and returns of lending in other neighborhoods; (2) analyze the reasons for any differences in risk and return between low-income, minority, and distressed neighbor-hoods and other neighborhoods; and 106 STAT. 3875 (3) if the risks of lending in low-income, minority, and distressed neighborhoods exceed the risks of lending in other neighborhoods, recommend ways of mitigating those risks.