HMDA Exemption Threshold Revised
December 16, 2005
Circular No. 11756

To All Depository Institutions and Others Concerned
in the Second Federal Reserve District:

The Board of Governors of the Federal Reserve System has published its annual notice of the asset-size exemption threshold for depository institutions under Regulation C, which implements the Home Mortgage Disclosure Act (HMDA).

The asset-size exemption for depository institutions will increase to $35 million based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers for the twelve-month period ending in November 2005.

As a result, depository institutions with assets of $35 million or less as of December 31, 2005, are exempt from data collection in 2006. An institution's exemption from collecting data in 2006 does not affect its responsibility to report the data it was required to collect in 2005.

The adjustment is effective January 1, 2006.

Press release offsite
Board notice offsite pdf

John Ricketti
Vice President
Risk Management
(212) 720-2192