District Circular Letters
August 29, 2000
BANKING SUPERVISION AND REGULATION:
FFIEC-
1999 MORTGAGE LENDING ACTIVITY,
SUMMARY OF LENDING PATTERNS,
AND
SMALL BUSINESS, SMALL FARM, AND
COMMUNITY DEVELOPMENT LENDING DATA
To State Member Banks, Bank
Holding Companies,
and Others Concerned
in the Twelfth Federal Reserve District
FFIEC Released 1999 Mortgage Lending Activity and Summary on
Lending Patterns
The Federal Financial Institutions Examination Council (FFIEC) has released
the data for 1999 mortgage lending activity in metropolitan statistical
areas (MSAs) and rural areas, and has also released a nationwide statistical
summary regarding lending patterns.
The data reflect lending activity of more than 7,800 institutions, covered
by the Home Mortgage Disclosure Act (HMDA), that reported the data to
the member agencies of the FFIEC: the Board of Governors of the Federal
Reserve System, the Federal Deposit Insurance Corporation, the National
Credit Union Administration, the Office of the Comptroller of the Currency,
and the Office of Thrift Supervision, as well as to the Department of
Housing and Urban Development (HUD).
During 1999, the FFIEC prepared 56,966 disclosure statements for 7,833
lenders, with a separate statement for each MSA in which a lender has
an office or is deemed to have one under Regulation C. The data reflect
lending activity of 4,028 commercial banks, 728 savings associations,
1,691 credit unions, and 1,386 mortgage companies, of which 1,103 were
independent entities.
The disclosure statements underlying these and other summary statistics
are now available at central depositories throughout the nation. To find
the location of the central depository for an MSA, please call the FFIEC
at (202) 872-7500. Beginning next year, the FFIEC will
distribute these disclosures to institutions and central depositories
in electronic format only.
FFIEC Releases Data on Small Business, Small Farm, and Community
Development Lending
The FFIEC has released data on small business, small farm, and community
development lending reported by commercial banks and savings associations
under the Community Reinvestment Act (CRA) regulations.
The regulations that implement the Community Reinvestment Act generally
require the reporting of data on these types of lending by independent
commercial banks and savings associations having total assets of $250
million or more, and by commercial banks and savings associations of any
size if owned by a holding company having assets of $1 billion or more.
Call Report and Thrift Financial Report data analysis indicates that reporting
institutions account for about three-quarters of the small business loans
and one-quarter of the small farm loans extended by all commercial banks
and savings associations.
Copies
Copies of the data summaries are available from our Corporate Services
Department. To request copies to be sent by mail, please call (415)
974-2060. Or you may visit the FFIEC website at www.ffiec.gov/hmda
for HMDA data, and www.ffiec.gov/cra
for CRA data.
Additional Information
For additional information about the FFEIC data, please
contact our Banking Supervision and Regulation Department, at (415)
974-2967 for HMDA information, and (415) 974-3001
for CRA data.
FEDERAL RESERVE BANK OF SAN FRANCISCO
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