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Inactive Financial Institution Letters

Consumer Handbook On Adjustable Rate Mortgages

June 3, 1999



Federal Reserve Board Revises Consumer
Handbook on Adjustable Rate Mortgages

The Board of Governors of the Federal Reserve System has issued a revised Consumer Handbook on Adjustable Rate Mortgages (CHARM). Regulation Z, which implements the Truth in Lending Act, requires that the handbook be provided to consumers when they apply for an adjustable rate mortgage loan.

Creditors may continue using the earlier version of the handbook until existing supplies are exhausted. Copies of the revised CHARM may be obtained from the Federal Reserve at:

Publication Services, Mail Stop 127
Board of Governors of the Federal Reserve System
Washington, DC 20551

The first 100 copies of the handbook are free. The handbook may also be accessed from the Federal Reserve’s public Web site at  

Ronald F. Bieker
Acting Director


Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institutions letters may be obtained through the FDIC’s Public Information Center, 801 17th Street, NW, Room100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).

Last Updated 07/17/1999

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