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Home Mortgage Disclosure

Fed · final-rule · Published 2003-12-29 · Effective 2004-01-01 · 68 FR 74829

Document

Document number
03-31694
Federal Register citation
68 FR 74829
CFR reference
12 CFR 203
Type
Rule
Action
Final rule; staff commentary.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2003-12-29
Effective date
2004-01-01
Docket
Regulation C

Abstract

The Board is publishing a final rule amending Regulation C (Home Mortgage Disclosure) and the staff commentary that interprets the requirements of Regulation C. The regulation and staff commentary are amended to conform them to changes in the Standards for Defining Metropolitan and Micropolitan Statistical Areas published by the U.S. Office of Management and Budget (OMB) in December 2000. The staff commentary also is amended to increase the asset-size exemption threshold for depository institutions based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers. The adjustment from $32 million to $33 million reflects the increase of that index by 2.30 percent during the twelve-month period ending in November 2003. Thus, depository institutions with assets of $33 million or less as of December 31, 2003, are exempt from data collection in 2004.

Source

Authoritative
Federal Register document
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