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Financial Institution Letters

Fair Lending Guide
June 6, 1996
SUBJECT: Revised Edition of SIDE-BY-SIDE, A Guide to Fair Lending

The FDIC has revised its 1994 edition of SIDE-BY-SIDE, A Guide to Fair Lending (see FIL-47-94). The new edition is enclosed. The guide offers suggestions on how an institution can compare its treatment of loan applicants through self-assessment. Self-assessment can help prevent and detect illegal discrimination.

The FDIC revised the guide due to the overwhelmingly positive response it received after issuing the 1994 edition. The FDIC also wishes to continue promoting self-assessments as a means of achieving fair lending goals.

The guide's only significant change is the FDIC's policy concerning an examiner's request for the results of self-testing, in which testers are used at the pre-application stage to determine differences in treatments. Under the new policy, FDIC examiners will not ask to review the self-testing results. However, if an institution voluntarily provides documentation of its self-testing efforts, the examiner will consider the results.

At the end of the guide, you will find selected references. We encourage institutions to explore these and other writings on equal credit opportunity.

If you have questions about the guide or would like to request additional copies, please contact the Regional Office of the FDIC's Division of Compliance and Consumer Affairs shown on the attached address list.

Carmen J. Sullivan

SIDE-BY-SIDE, A Guide to Fair Lending - This file is in Portable Document Format (PDF). You will need an Adobe Acrobat reader to view this file.

Regional Offices

You may obtain a hard copy or fax from:

Public Information Center
Room 100
801 17th St. NW
Washington, DC 20434

ph: (703) 562-2200

Distribution: FDIC-Supervised Banks (Commercial and Savings)

Last Updated 01/25/2006

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