For immediate release

The Federal Reserve Board today announced that the exemption threshold for depository institutions that are required to report data under the Home Mortgage Disclosure Act will remain at $29 million. Under the revision to the Board's staff commentary to Regulation C, depository institutions with assets totaling $29 million or less as of December 31, 1998 are not required to collect HMDA data in 1999. 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. The adjustment reflects changes for the twelve-month period ending in November 1998. A copy of the Board's order is attached.

Summary only | Summary and final rule (13 KB PDF)

1998 Banking and consumer regulatory policy