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FEDERAL RESERVE SYSTEM

12 CFR Part 203

[Regulation C; Docket No. R-0993]

Home Mortgage Disclosure

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Final rule; staff commentary.

SUMMARY: The Board is publishing revisions to its staff commentary that interprets the requirements of Regulation C (Home Mortgage Disclosure). 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. In 1998, depository institutions with assets totaling $29 million or less are not required to collect data.

EFFECTIVE DATE: This rule is effective January 1, 1998.

APPLICABILITY DATE: This rule applies to all data collection in 1998.

FOR FURTHER INFORMATION CONTACT: Pamela C. Morris, Staff Attorney, Division of Consumer and Community Affairs, at (202) 452-3667; for users of Telecommunications Device for the Deaf (TDD) only, contact Diane Jenkins at (202) 452-3544.

Summary and proposed regulation (10 KB PDF)

1997 Banking and consumer regulatory policy


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Last update: December 19, 1997, 11:00 AM