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Inactive Financial Institution Letters


HOME MORTGAGE DISCLOSURE ACT

FIL-14-2001
February 15, 2001

TO: CHIEF EXECUTIVE OFFICER AND COMPLIANCE OFFICER
SUBJECT: HMDA Data Reporting

The Federal Deposit Insurance Corporation (FDIC) would like to remind institutions that Calendar Year 2000 (CY2000) Home Mortgage Disclosure Act (HMDA) data is due by March 1, 2001.

Getting Help

We have again contracted with the Federal Reserve Board (FRB) in Washington, DC, to collect and process CY2000 HMDA data from those FDIC-supervised institutions that have a HMDA-reporting obligation. The FRB staff will assist you with questions about completing your HMDA report. The HMDA Assistance Line at the FRB is (202) 452-2016. If you leave a taped message, your call should be returned within two business days. Questions also may be sent via the Internet to HMDADHELP@FRB.GOV, or you may call your FDIC regional office of the Division of Compliance and Consumer Affairs for assistance (see attached regional office listing).

Submitting Data

The Federal Financial Institutions Examination Council (FFIEC) HMDA software exports data only on to 3.5 inch diskettes. Please make a copy of each diskette and submit the original to the Federal Reserve Board in Washington, DC, by March 1, 2001. Label each diskette with the following information:

  • Respondent ID number/agency code
  • Contact name and phone number
  • Institution's name
  • Number of total "LAR" (Loan Application Register) records being submitted
  • Tax ID number
  • Number of each diskette with set (e.g., 1, 1 of 2)

Mail HMDA diskettes to:

      Federal Reserve Board
      Attention: FDIC HMDA Processing Unit
      1709 New York Avenue, NW, 5th Floor
      Washington, DC 20006

Internet Transmission

You may submit your report electronically to HMDASUB@FRB.GOV. You will receive confirmation of receipt of your electronically transmitted records within 48 hours. Retain the confirmation until your disclosure statement is received and its accuracy is confirmed. Also retain a signed copy of the transmittal sheet in your records.

Late HMDA Filings

We encourage you to file your data timely and accurately. A failure to report complete and accurate HMDA data by March 1, 2001, may subject your institution to civil money penalties and/or other administrative sanctions prescribed in Section 305 of the HMDA statute.

CY2001 Reporting

Because there are no significant changes in HMDA reporting for CY2001, the FFIEC will not publish a 2001 edition of A Guide to HMDA Reporting - Getting it Right! The 1998 edition will remain in effect.

Stephen M. Cross
Director

Attachments: FDIC Regional Offices

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).

Last Updated 2/15/2001 communications@fdic.gov