Banking Services Resources

Reducing Racial Wealth Inequalities in Greater Boston: Building a Shared Agenda
https://www.bostonfed.org/publications/one-time-pubs/reducing-racial-wealth-inequalities-in-greater-boston.aspx

By David Bryant, Ginger Haggerty, Cynthia Parker, Mimi Turchinetz, and Esther Schlorholtz, Released by Federal Reserve Bank of Boston. In 2015, the Federal Reserve Bank of Boston released The Color of Wealth in Boston, which found strikingly high racial wealth disparities in the Boston metropolitan area. Although the report sparked dynamic conversations about the importance of focusing on wealth, the large disparities along racial lines, and the crucial role public policy plays in creating or amplifying inequality, we were convinced that simply releasing research was not enough to incite change. Accordingly, a working group was formed to provide independent recommendations to address racial wealth disparities. Read their report and recommendations here.

 

Report on Financial Literacy in Massachusetts
http://mcbc.info/wp-content/uploads/2016/05/financial-literacy-in-massachusetts-report.pdf

Report of the statewide Financial Literacy Task Force through the Massachusetts Office of Economic Empowerment, a Division of the Office of the State Treasurer.

 

MCBC Basic Banking Survey Results 2012
http://mcbc.info/wp-content/uploads/2016/02/MCBC-Basic-Banking-Survey-Web.pdf

 

Working Together to Build Wealth in Lower-Income Communities
http://mcbc.info/wp-content/uploads/2016/02/WorkingTogetherMarch2008.pdf

Strategies for Financial Institutions, Community-Based Organizations and Public Programs to Expand Access to Financial Services, Financial Education and Asset Development

 

Helping the Unbanked and Underbanked: Toolbox Report for Financial Institutions
http://mcbc.info/wp-content/uploads/2016/02/BAEI-Toolboxreport-FINAL.pdf

This report was produced by the Boston Alliance for Economic Inclusion (BAEI), a public-private partnership whose Mission is to enhance the economic well-being of the unbanked/underserved in metropolitan Boston by improving their access to the U.S. banking system, developing and marketing more responsive and affordable financial products and services, promoting financial education, and addressing technical or regulatory issues surrounding these developments.