For immediate release

The Federal Reserve Board today raised the exemption threshold to $29 million for depository institutions that are required to report data under the Home Mortgage Disclosure Act. Under the revision to the Board's staff commentary to Regulation C, institutions with assets of $29 million or less will not be required to collect HMDA data in 1998. The previous exemption level was $28 million. The Board is required under law to adjust the exemption threshold annually based on the annual percentage change in the Consumer Price Index. The adjustment reflects changes for the 12-month period ending in November. A copy of the Board's order is attached.

Summary only | Summary and final rule (10 KB PDF)

1997 Banking and consumer regulatory policy