HOME MORTGAGE DISCLOSURE ACT INFORMATION SHEET

THE HOME MORTGAGE DISCLOSURE ACT (HMDA) REQUIRES LENDING INSTITUTIONS TO MAKE ANNUAL PUBLIC DISCLOSURES OF THEIR HOME MORTGAGE AND HOME IMPROVEMENT LENDING ACTIVITY. DISCLOSURES ARE PUBLICLY AVAILABLE NOT ONLY AT THE INSTITUTIONS' OWN OFFICES, BUT ALSO AT A CENTRAL DEPOSITORY IN EACH METROPOLITAN STATISTICAL AREA (MSA). THESE CENTRAL DEPOSITORIES SERVE ON A VOLUNTARY BASIS. IN ADDITION TO EACH LENDING INSTITUTION'S INDIVIDUAL DISCLOSURE STATEMENT, AGGREGATE DATA TABLES COVERING THE LENDING ACTIVITY OF ALL INSTITUTIONS SUBJECT TO HMDA IN A PARTICULAR MSA ARE MADE AVAILABLE AT THE CENTRAL DEPOSITORY FOR THAT MSA. CD-ROM USERS WILL HAVE ACCESS TO THE DISCLOSURE STATEMENTS AND AGGREGATE TABLES FOR EACH MSA NATIONWIDE.

AS IN THE PAST, TO CATEGORIZE CENSUS TRACTS BY INCOME WE RELY ON THE 1990 CENSUS TO DETERMINE THE MEDIAN FAMILY INCOME FOR EACH MSA, AND FOR CATEGORIZING APPLICANTS OR BORROWERS WE RELY ON INFORMATION OBTAINED FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR AN UPDATED ESTIMATE OF THE MEDIAN FAMILY INCOME FOR EACH MSA.

CHANGES FOR 1997 DATA

TABLE 3 AND TABLES IN THE 4, 5, 6, 7, AND 8 SERIES SHOW DATA FOR VARIOUS LEVELS OF INCOME OF BORROWERS OR APPLICANTS, AND FOR VARIOUS LEVELS OF MEDIAN FAMILY INCOME OF CENSUS TRACTS, IN BOTH CASES AS A PERCENTAGE OF THE MSA MEDIAN FAMILY INCOME. IN THE PAST, FOR BORROWER OR APPLICANT INCOME, THE INCOME LEVELS HAVE BEEN: LESS THAN 80 PERCENT OF MEDIAN MSA INCOME; 80 TO 99 PERCENT OF MEDIAN MSA INCOME; 100 TO 119 PERCENT OF MEDIAN MSA INCOME; 120 PERCENT OR MORE OF MEDIAN MSA INCOME. THE INCOME LEVELS FOR HMDA DATA HAVE NOW BEEN CHANGED FOR GREATER CONSISTENCY WITH THE INCOME LEVELS USED IN COMMUNITY REINVESTMENT ACT (CRA)DATA. FOR 1997 DATA, THE INCOME LEVELS ARE: LESS THAN 50 PERCENT OF MEDIAN MSA INCOME; 50 TO 79 PERCENT OF MEDIAN MSA INCOME; 80 TO 99 PERCENT OF MEDIAN MSA INCOME; 100 TO 119 PERCENT OF MEDIAN MSA INCOME; 120 PERCENT OR MORE OF MEDIAN MSA INCOME. FOR MEDIAN FAMILY INCOME OF CENSUS TRACTS, THE INCOME LEVELS IN THE PAST HAVE BEEN: LOW- OR MODERATE-INCOME (LESS THAN 80 PERCENT OF MEDIAN MSA INCOME); MIDDLE-INCOME (AT LEAST 80 PERCENT BUT LESS THAN 120 PERCENT OF MEDIAN MSA INCOME); UPPER-INCOME (120 PERCENT OR MORE OF MEDIAN MSA INCOME). FOR GREATER CONSISTENCY WITH CRA DATA, THE CENSUS TRACT INCOME LEVELS IN THE 1997 DATA ARE: LOW-INCOME (LESS THAN 50 PERCENT OF MEDIAN MSA INCOME); MODERATE-INCOME (AT LEAST 50 PERCENT BUT LESS THAN 80 PERCENT OF MEDIAN MSA INCOME); MIDDLE-INCOME (AT LEAST 80 PERCENT BUT LESS THAN 120 PERCENT OF MEDIAN MSA INCOME); UPPER-INCOME (120 PERCENT OR MORE OF MEDIAN MSA INCOME).

ANOTHER CHANGE EFFECTIVE WITH THE 1997 DATA INVOLVES THE HEADINGS OF THE COLUMNS IN TABLES 1 AND 2 AND THE TITLES OF TABLES IN THE 4, 5, 6, 7, AND 8 SERIES. COLUMNS AND TITLES THAT REFER TO REFINANCINGS AND MULTIFAMILY LOANS HAVE BEEN CHANGED SLIGHTLY TO REFLECT BETTER THE CONTENT OF THE DATA.

RESPONSIBILITIES OF CENTRAL DEPOSITORIES

CENTRAL DEPOSITORIES ARE ASKED TO KEEP THE DATA TABLES TOGETHER IN ONE LOCATION TO THE EXTENT POSSIBLE. THE CENTRAL DEPOSITORIES ARE RESPONSIBLE FOR:

• RECEIVING AND STORING THE HMDA DATA AS FORWARDED FROM THE FFIEC;
• RETAINING THE DATA FOR PUBLIC DISCLOSURE FOR A PERIOD OF 5 YEARS;
• MAKING THE DATA AVAILABLE FOR PUBLIC INSPECTION DURING REGULAR OFFICE HOURS AND ALLOWING THE PUBLIC TO OBTAIN OR MAKE COPIES OF THE DATA AT THE COPYING RATE NORMALLY CHARGED.

CONTENT OF 1997 DISCLOSURES

THE FOLLOWING IS A LIST OF THE TABLES THAT HAVE BEEN PREPARED COVERING THE DATA FOR CALENDAR YEAR 1997:

TABLE NUMBER	DESCRIPTION
TABLE 1 -	DISPOSITION OF LOAN APPLICATIONS, BY LOCATION OF PROPERTY AND TYPE OF LOAN, 1997
TABLE 2 -	LOANS PURCHASED, BY LOCATION OF PROPERTY AND TYPE OF LOAN, 1997
TABLE 3 -	LOANS SOLD, BY CHARACTERISTICS OF BORROWER AND OF CENSUS TRACT IN WHICH PROPERTY IS LOCATED AND BY TYPE OF PURCHASER, 1997
TABLES 4-1 THROUGH 4-6	DISPOSITION OF APPLICATIONS FOR LOANS, BY RACE, GENDER AND INCOME OF APPLICANT, 1997 (ONE FOR EACH LOAN TYPE FHA/FMHA/VA, CONVENTIONAL, REFINANCING, HOME IMPROVEMENT, MULTIFAMILY, AND NONOCCUPANT)
TABLES 5-1 THROUGH 5-6	DISPOSITION OF APPLICATIONS FOR LOANS, BY INCOME AND RACE OF APPLICANT, 1997 (ONE FOR EACH LOAN TYPE)
TABLES 6-1 THROUGH 6-6	DISPOSITION OF APPLICATIONS FOR LOANS, BY INCOME AND GENDER OF APPLICANT, 1997 (ONE FOR EACH LOAN TYPE)
TABLES 7-1 THROUGH 7-6	DISPOSITION OF APPLICATIONS FOR LOANS, BY CHARACTERISTICS OF CENSUS TRACT IN WHICH PROPERTY IS LOCATED, 1997 (ONE FOR EACH LOAN TYPE)
TABLES 8-1 THROUGH 8-6	REASONS FOR DENIAL OF APPLICATIONS FOR LOANS, BY RACE, GENDER, AND INCOME OF APPLICANT, 1997 (ONE FOR EACH LOAN TYPE)
TABLE 9 -	DISPOSITION OF LOAN APLICATIONS, BY MEDIAN AGE OF HOMES IN CENSUS TRACT IN WHICH PROPERTY IS LOCATED AND TYPE OF LOAN, 1997 (AGGREGATE DATA ONLY)
TABLE 10 -	DISPOSITION OF LOAN APPLICATIONS, BY CENTRAL CITY VERSUS NON-CENTRAL CITY PROPERTY LOCATION AND TYPE OF LOAN, 1997 (AGGREGATE DATA ONLY)