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Inactive Financial Institution Letters


HOME MORTGAGE DISCLOSURE ACT and COMMUNITY REINVESTMENT ACT

FIL-101-2001
November 30, 2001

TO: CHIEF EXECUTIVE OFFICER
SUBJECT: HMDA and CRA Data Collection and Reporting

The Federal Deposit Insurance Corporation (FDIC) would like to remind institutions that Calendar Year 2001 (CY2001) Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) data must be submitted by March 1, 2002.

Getting Help

We have again contracted with the Federal Reserve Board (FRB) in Washington, DC, to collect and process CY2001 data from those FDIC-supervised institutions that have a reporting obligation. The FRB staff will assist you with questions regarding data collection and submission.

  • For HMDA assistance, call (202) 452-2016. Questions also may be sent via the Internet to HMDAHELP@FRB.GOV.
  • For CRA assistance, call (202) 872-7584 or post queries to CRAHELP@FRB.GOV.
  • You may also call your FDIC Division of Compliance and Consumer Affairs regional office for assistance (see attached regional office listing).
New Address for Submitting Data

The Federal Financial Institutions Examination Council (FFIEC) data collection software exports data onto 3.5 inch diskettes. Please make a copy of each diskette and submit the original(s) by March 1, 2002 to:

    Federal Reserve Board
    Attention: FDIC HMDA (or CRA) Processing Unit
    20th and Constitution Avenue, NW
    MS N502
    Washington, DC 20551-0001
Internet Transmission You are encouraged to submit your HMDA and/or CRA report electronically to HMDASUB@FRB.GOV or CRASUB@FRB.GOV. If you do not receive confirmation of receipt of your electronically transmitted records within 48 hours, please call the appropriate assistance line to confirm that your transmission was received. Retain your confirmation until your disclosure statement is received and its accuracy is confirmed. Also retain a signed copy of the transmittal sheet in your records.

Continued Use of 1990 Census Data

When reporting CRA and HMDA data, it is critical that you use the correct census tract information. Using incorrect tract numbers will result in invalid data submissions when you file your annual CRA and HMDA reports. For CRA and HMDA data reporting and analysis purposes, continue to use the 1990 census tract and demographic information for CY2001and CY2002 data. The U.S. Census Bureau's 2000 census data is expected to be fully available for use in collecting CY2003 CRA and HMDA data. For more information about this matter, please see the attached FFIEC statement. An electronic copy of the statement is available at http://www.ffiec.gov/cra/memo100301.htm.

Stephen M. Cross
Director

Attachments: Memorandum
FDIC Regional Offices - Division of Compliance and Consumer Affairs

Distribution: FDIC-Supervised Institutions with HMDA and CRA Data-Collection and Reporting Obligations

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).

Last Updated 08/28/2001 communications@fdic.gov