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District Circular Letters
January 23, 2002
BANKING SUPERVISON AND REGULATION
REGULATION C: HOME MORTGAGE DISCLOSURE ACT (HMDA)
SUBMISSION OF 2001 HMDA-LAR REPORTS
UPDATED PC SOFTWARE FOR CALENDAR
YEAR 2002 HMDA-LAR
To State Member Banks
and Others Concerned
in the Twelfth Federal Reserve District
HMDA-LAR Submission for Calendar Year (CY) 2001 Data
In accordance with the Home Mortgage Disclosure Act (HMDA), the Federal
Reserve Board's Regulation C requires certain institutions to submit annual
reports of their mortgage-related lending activity by Home Mortgage Disclosure
Act Loan Application Registers (HMDA-LARs). Depository institutions with
assets of $31 million or less as of December 31, 2000 are exempt for calendar
year 2001 data collection and reporting. Nondepository institutions are
exempt if they had assets of $10 million or less as of December 31, 2000
and originated fewer than 100 home purchase (including refinancings) in
2000.
Your institution must be supervised by the Federal Reserve System to
send your HMDA data to us. If you are supervised by the Comptroller of
the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC),
National Credit Union Administration (NCUA), or if you are an independent
mortgage company supervised by the Department of Housing and Urban Development
(HUD), please do not send your HMDA data to this Federal Reserve Office.
State Member Banks Submissions
State member banks' CY 2001 HMDA-LARs are due to this office by March 1, 2002.
You may use either of the following software to submit your CY 2001 report:
- The HMDA Data Entry Software, Version 2.10
This was provided to state member banks in early 2001.
- The HMDA Data Entry Software, Version 2.20
This software is enclosed for all current HMDA state member
bank respondents in the Twelfth Federal Reserve District who received
the 2.10 version. Please review the enclosed material for a detailed
description of the changes and features of this updated software.
It may be used to process data for 1998 through 2002.
The 2001 reports should be submitted in an automated, machine-readable
format. Please be sure to check the data thoroughly before submission,
using the edits included in the software program we have provided (or
an equivalent program). Respondents who submit their HMDA-LARs to this
Federal Reserve Office may use the following formats:
- PC diskettes: The FIEC HMDA Data Entry Software can export
data onto one or more diskettes.
- CD-ROM: Please make sure that it is a clean CD-ROM disk and
do not use the disk that contains the FFIEC data entry software.
- FedLine®
- E-mail: Instructions are included in the updated software.
Please note that this Federal Reserve Office will not accept HMDA-LARs
on magnetic tape. All reports submitted in this format will be returned.
Diskettes and CD-ROMS should be labeled as follows:
- Respondent name, respondent ID number, agency code, and Tax ID number
- Contact name and phone number
- Number of total LAR records being submitted
- Number of each diskette within set (i.e., 1 of 1, 1 of 2, etc.)
Mailed submissions for state member banks in the Twelfth Federal Reserve
District should be addressed to:
Mr. David Robbins, Senior Consumer Affairs Analyst
Federal Reserve Bank of San Francisco
Banking Supervision and Regulation, Mail Stop 620
101 Market Street
San Francisco, California 94105
E-mailed submissions should be sent to Bsrhmda.
E-Mail Encryption
In the past we have encouraged all respondents to submit their HMDA data
through e-mail. As a result of the heightened security concerns stemming
from the September 11 tragedy, it is even more important for you to email
your data file encrypted. If you elect to e-mail your 2001 HMDA-LAR data,
remember that you must encrypt the data using the encryption software
that is included in the FFIEC software. No other encryption software
will be accepted. If you do not use the FFIEC software for collecting
and preparing your data, you must install the Internet Submission component
of the FFIEC software on your PC and run the program against your HMDA
data file. Then attach the encrypted file to an e-mail message and send
it to the appropriate electronic mailbox for your regulator. To maintain
the integrity of the encryption, do not open the encrypted file; this
prohibits our ability to process it. Refer to the FFIEC software user
guide for information that should be included in the text of the e-mail
message. The FFIEC processing software can be downloaded from the Internet
at www.ffiec.gov/hmda. It is strongly
recommended that you have a 56k or faster connection in order to complete
the download in a reasonable amount of time.
Please be sure to retain a copy of your report for your records.
Additional Information
If you are a representative of a state member bank and have not received
a copy of the new software by February 1, 2002, please contact
Mr. David Robbins, Senior Consumer Affairs Analyst, Banking Supervision
and Regulation Department at (415) 974-2967, or David Robbins.
For questions about completing your HMDA-LAR, you may contact Mr. Robbins,
or call the Federal Reserve Board's HMDA Assistance line at (202) 452-2016.
You may also submit your questions or concerns to the Board's Internet
address, hmdahelp@frb.gov.
FEDERAL RESERVE BANK OF SAN FRANCISCO
Attachment: CY 2002 FFIEC
HMDA PC Software Description (PDF - 16KB)
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