SPRING 2004

Community Affairs Staff Focuses on Entrepreneurship

Incubators Nurture High-Tech Companies

It's FACT: New Federal Law Targets Credit Reports, ID Theft

Fed Designs New Web Sites for Home Buyers, Professionals

Fed Issues Call for Papers

Save the Dates

Spanning the Region

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Have You Heard

Have You Heard

Fed Announces Increase in HMDA Threshold

The Federal Reserve Board recently increased the asset-size exemption threshold for depository institutions under the Home Mortgage Disclosure Act (HMDA) to $33 million from $32 million.

Depository institutions with assets of $33 million or less as of Dec. 31, 2003, are exempt from data collection in 2004. However, institutions that were required to collect data in 2003 still must report the data in 2004.

The Board also is publishing technical amendments to HMDA and the staff commentary to make them conform to changes in the definition of metropolitan statistical area boundaries.

The exemption adjustment and technical amendments became effective Jan. 1, 2004.

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