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Inactive Financial Institution Letters 

Community Reinvestment Act

March 26, 1999


SUBJECT: HUD's 1999 Adjusted Median Family Income Figures

In response to requests from financial institutions, attached is a listing of 1999 median family income figures developed by the Department of Housing and Urban Development (HUD) for each metropolitan statistical area (MSA) and the statewide portions of nonmetropolitan areas.

The Federal Deposit Insurance Corporation (FDIC) and the other federal financial supervisory agencies use median family income figures to classify the income levels of borrowers in Community Reinvestment Act (CRA) evaluations. HUD's annually adjusted figures provide a viable measuring standard for assessing an institution's level of lending based upon borrower income. CRA regulations classify income level as low, moderate, middle or upper based on the area median income. Area median income is defined as:

  • The median family income for the MSA if a person or geographic area is located within an MSA, or
  • The statewide nonmetropolitan median family income if a person or geographic area is located outside an MSA (12 CFR 345.12(b)).

The attached listing shows for each MSA the median family income figure established by the 1990 U.S. Census and HUD's estimated median family income figure adjusted for 1999. The last two pages of the listing show the 1999 U.S. Census figures and 1999 HUD figures for the nonmetropolitan portions of each state (including all areas within the state that are outside an MSA).

For further information about these income figures or other CRA issues, please contact your regional office of the FDIC's Division of Compliance and Consumer Affairs shown on the attached address list.

  Ronald F. Bieker
  Acting Director

Attachments (There is no electronic file available for HUD's 1999 listing of median family income figures.)

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 NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).

Last Updated 01/25/2006

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