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Federal Reserve
BULLETIN
2014 Volume 100
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November 25
The 2013 Home Mortgage Disclosure Act DataNeil Bhutta and Daniel R. Ringo
This article provides an overview of the 2013 data reported under the Home Mortgage Disclosure Act of 1975 (HMDA) and documents mortgage market activity over time as well as lending patterns across different demographic groups and lender types. In addition, we use a unique data set composed of HMDA records matched to borrowers' credit records to reexamine the factors that might help explain the large differences in the incidence of higher-priced lending across borrowers of different races and ethnicities during the housing boom.
November 3
Legal Developments: Third Quarter, 2014Four orders were issued this quarter, one for Old National Bancorp under Section 3 of the Bank Holding Company Act, one for Chemical Financial Corporation under Section 4 of the Bank Holding Company Act, one for ANB Bank under the Bank Merger Act, and one for Regions Bank under the Federal Reserve Act.
September 4
Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer FinancesThe Federal Reserve Board's Survey of Consumer Finances for 2013 provides insights into the evolution of family income and net worth since the previous time the survey was conducted, in 2010. The survey shows that, over the 2010-13 period, the median value of real (inflation-adjusted) family income before taxes fell 5 percent, while mean income increased 4 percent. The differential movements in median and mean incomes are consistent with increased income inequality over the 2010-13 period, though some of that differential growth simply reversed the cyclical decrease in income inequality that occurred between 2007 and 2010. Both median and mean real family net worth were little changed over the 2010-13 period, and the data suggest that the distribution of net worth also became more unequal over this period. Offsetting changes in asset ownership rates and asset prices left the middle of the net worth distribution relatively unchanged, while the top and bottom of the net worth distribution moved in different directions. This article reviews these and other changes in the financial condition of U.S. families, including developments in assets, liabilities, debt payments, and credit market experiences.
August 7
Legal Developments: Second Quarter, 2014Nine orders were issued this quarter, one for Cullen/Frost Bankers, Inc., First Interstate BancSystem, Inc., MB Financial, Inc., Old National Bancorp, and Umpqua Holdings Corporation under Section 3 of the Bank Holding Company Act; one for PacWest Bancorp under Section 4 of the Bank Holding Company Act; one for Mercantile Bank Corporation under Sections 3 and 4 of the Bank Holding Company Act; and one for CaixaBank, S.A. and The Joyo Bank, Ltd. under the International Banking Act.
May 2
Legal Developments: First Quarter, 2014Three orders were issued this quarter, one for Community & Southern Holdings, Inc. under Section 3 of the Bank Holding Company Act and one each for Banque Centrale Populaire and Wing Lung Bank Ltd. under the International Banking Act.
February 24
Legal Developments: Fourth Quarter, 2013Nine orders were issued this quarter, one for Ameris Bancorp and United Bankshares, Inc. under Section 3 of the Bank Holding Company Act; one for Investors Bancorp (Gateway Community Financial, MHC) and Investors Bancorp, MHC (Roma Financial Corporation, MHC) under Section 4 of the Bank Holding Company Act; one for First Farmers Bank & Trust and Green Dot Bank DBA Bonneville Bank under the Bank Merger Act; and one for Banco BPI, S.A., Canara Bank, and RBC Investor Services Bank S.A. under the International Banking Act.
