Home Mortgage Disclosure Act (HMDA), implemented by the Federal Reserve
Board's Regulation C, requires certain institutions to submit annual
reports of their mortgage-related lending activity. Your report of
loans and applications for home purchases, home improvements and refinancings
for calendar year 1996 (CY96) must be submitted between January 1,
1997, and March 1, 1997.
enclosed materials include a User Guide detailing instructions for
the collection and submission of CY96 HMDA data. These instructions
apply to submissions in all formats. Also provided by the FDIC
at no cost is the Federal Financial Institutions Examination Council's
(FFIEC) CY96 HMDA data entry software. Data submission formats other
than the FFIEC software can include: a typed loan application register
(LAR) form, if 25 or fewer records are submitted (using the FFIEC's
FORM FR HMDA-LAR); magnetic tape; data from a mainframe program; or
another software product. If you do not use the FFIEC software, please
give special attention to instructions in the enclosed 1996 HMDA
User Guide Supplement.
to report HMDA data accurately by March 1, 1997, may subject your
institution to civil money penalties and/or other administrative sanctions
prescribed in Section 305 of the statute. Inaccuracies can be minimized
by using the FFIEC software, as it contains editing features that
will identify certain inaccurate entries.
C requires institutions to include on the transmittal sheet
a total count of loans and application records for each CY96 data
submission. This count will be computed automatically by the FFIEC
software and included on the transmittal sheet each time an institution
exports data from the FFIEC software for submission. If you do not
use the FFIEC software, you must include a total count of loan records
for each submission on your electronic transmittal sheet or on a paper
copy of each transmittal sheet.
enclosed software contains Metropolitan Statistical Area (MSA) designations
that must be used in CY96 reports. It includes changes that are described
in the attached 1996 HMDA User Guide Supplement.
in the User Guide is a postcard for requesting the FFIEC software
on 5.25" floppy disks, if you are unable to use the enclosed 3.5"
diskette. The floppy disks will be provided at no charge.
FDIC has again contracted with the Federal Reserve Board in Washington
to collect and process CY96 HMDA data from FDIC-supervised institutions.
The Federal Reserve Board also will provide assistance if you have
questions about completing your HMDA report or collecting reports
from prior years. The Federal Reserve Board's HMDA Assistance Line
is (202) 452-2016. You may leave a taped message, and your
call will be returned within two business days. Your Regional Office
of the FDIC's Division of Compliance and Consumer Affairs also can
assist with questions.
address to which your CY95 and CY96 HMDA reports should be submitted
FDIC HMDA Processing
Federal Reserve Board
1709 New York Avenue, N.W., 5th Floor
Washington, D.C. 20006
Your CY95 report is due by March 1, 1996.