Increase In Exemption Threshold For Depository Institutions Under Hmda Reporting Requirement - Home Mortgage Disclosure Act - Brief Article

Federal Reserve Bulletin, Feb, 2001

The Federal Reserve Board on December 20, 2000, announced that the exemption threshold for depository institutions that are required to report data under the Home Mortgage Disclosure Act (HMDA) is increased to $31 million. Under the revision to the Board's staff commentary to Regulation C (HMDA), depository institutions with assets totaling $31 million or less as of December 31, 2000, are not required to collect HMDA data in 2001. An institution's exemption from collecting data in 2001 does not affect its responsibility to report data it

was required to collect in 2000.

The Board is required to adjust annually the asset-size exemption threshold for depository institutions based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers. The adjustment reflects changes for the twelve-month period ending in November 2000.