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Inactive Financial Institution Letters 

Fair Housing Regulation
FIL-75-96
September 27, 1996
TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Proposed Revisions to Fair Housing Regulation
(Part 338 of the FDIC's Rules and Regulations)

The FDIC Board of Directors has issued for public comment a proposal to revise its fair housing regulation in the areas of advertising, poster and recordkeeping requirements. Comments on the proposal, contained in the attached Federal Register notice, are due by November 19, 1996.

The proposed rule gives insured state nonmember banks more flexibility in using fair housing posters and advertising slogans by providing the option of using either the "Equal Housing Opportunity" poster required by Department of Housing and Urban Development regulations or the FDIC's "Equal Housing Lender" poster. Banks will also have the option of using the "Equal Opportunity Lender" slogan in lieu of "Equal Housing Lender" in oral and written advertisements. In addition, the proposal clarifies that either poster may be displayed in a single central location within the bank where deposits are received or where home loans are made.

The proposed rule removes the FDIC's recordkeeping requirements that serve as a substitute monitoring program permitted by Regulation B of the Federal Reserve Board, which implements the Equal Credit Opportunity Act. The proposed rule also removes the data collection and reporting requirements that exceed those of Regulation C of the Federal Reserve Board, which implements the Home Mortgage Disclosure Act. Instead, the FDIC would simply cross-reference Regulations B and C, and require recording and reporting of loan denial reasons for loan applications otherwise covered by Regulation C.

This action is being taken in accordance with the Riegle Community Development and Regulatory Improvement Act of 1994, which requires the Federal bank and thrift regulatory agencies to review and streamline their regulations and policies. The intended effect of these amendments is to reduce the regulatory burden on insured state nonmember banks and to conform the FDIC's fair housing regulation with those of the other Federal bank and thrift regulatory agencies.

The FDIC encourages all interested parties to review the attached proposal. Written comments should be sent to the Office of the Executive Secretary, FDIC, 550 17th Street, N.W., Washington, D.C. 20429.

For more information, please contact your Division of Compliance and Consumer Affairs Regional Office on the attached list or the FDIC personnel listed on Page 49420 of the attached Federal Register notice.

Carmen J. Sullivan
Director

Distribution: FDIC-Supervised Banks (Commercial and Savings)

Note: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. 20434 ((703) 562-2200).


Attachment

FDIC Regional Offices - Division of Compliance and Consumer Affairs


ATLANTA REGIONAL OFFICE
Jimmy R. Loyless
Regional Manager
Federal Deposit Insurance Corporation
One Atlantic Center
1201 West Peachtree St. N.E.
Suite 1600
Atlanta, GA 30309-3449
(404) 817-1300
(401) 817-8806 FAX
Alabama, Florida, Georgia, North Carolina, Virginia, West Virginia
KANSAS CITY REGIONAL OFFICE
John P. Misiewicz
Regional Manager
Federal Deposit Insurance Corporation
2345 Grand Avenue
Suite 1500
Kansas City, MO 64108
(816) 234-8000
(816) 234-8088 FAX
Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota
BOSTON REGIONAL OFFICE
Carl Schnapp
Regional Manger
Federal Deposit Insurance Corporation
200 Lowder Brook Drive
Suite 3100
Westwood, MA 02090
(617) 320-1600
(617) 320-1698 FAX
Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont
MEMPHIS REGIONAL OFFICE
Sylvia Plunkett
Regional Manager
Federal Deposit Insurance Corporation
5100 Poplar Avenue
Suite 1900
Memphis, TN 38137
(901) 685-1603
(901) 821-5272 FAX
Arkansas, Kentucky, Louisiana, Mississippi, Tennessee
CHICAGO REGIONAL OFFICE
David K. Mangian
Regional Manager
Federal Deposit Insurance Corporation
500 West Monroe Street
Suite 3600
Chicago, IL 60661
(312) 382-6926
(312) 382-6935 FAX
Illinois, Indiana, Michigan, Ohio, Wisconsin
NEW YORK REGIONAL OFFICE
Richard Pazereckas
Regional Manager
Federal Deposit Insurance Corporation
452 Fifth Avenue
19th Floor
New York, NY 10018
(212) 704-1200
(212) 827-4529 FAX
Delaware, District of Columbia, Maryland, New Jersey, New York, Pennsylvania, Puerto Rico, Virgin Islands
DALLAS REGIONAL OFFICE
Thomas P. Anderson
Regional Manager
Federal Deposit Insurance Corporation
1601 Bryan Street
Suite 1900
Dallas, TX 75201
(214) 220-3324
(214) 220-3811 FAX
Colorado, New Mexico, Oklahoma, Texas
SAN FRANCISCO REGIONAL OFFICE
James Densmore
Regional Manager
Federal Deposit Insurance Corporation
25 Ecker Street
Suite 2300
San Francisco, CA 94105
(415) 546-0160
(415) 896-2879 FAX
Alaska, Arizona, California, Guam, Hawaii, Idaho, Montana, Neveda, Oregon, Utah, Washington, Wyoming

Last Updated 10/24/2007 communications@fdic.gov