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FEDERAL RESERVE BANK
OF NEW YORK
A T -10 1 3 9
N o v e m b e r 17, 1 9 9 4

1993 Mortgage Lending Activity in Metropolitan Statistical Areas

T o th e C h i e f E x e c u t i v e O f f i c e r o f e a c h D e p o s i t o r y I n s t i t u t i o n
in th e S e c o n d F e d e r a l R e s e r v e D i s t r i c t a n d O t h e r s C o n c e r n e d :

P rin ted o n th e f o llo w in g p a g e s is th e te x t o f a sta te m e n t is s u e d b y th e
F e d era l F in a n c ia l In stitu tio n s E x a m in a tio n C o u n c il (F F IE C ) a n n o u n c in g th e a v a ila b ility '
o f rep o rts o f 1 9 9 3 m o r tg a g e le n d in g a c tiv ity in m e tr o p o lita n sta tistic a l areas ( M S A s ) at
a cen tra l d e p o s ito r y lo c a te d in e a c h M S A .

O rd er fo r m s fo r o b ta in in g H M D A data

d ir e c tly fro m th e F F IE C , to g e th e r w ith a d e sc r ip tio n o f e a ch ite m , are in c lu d e d at th e
e n d o f th e sta te m e n t.
A ls o , a d d ed to th e en d o f th e sta te m e n t is a list o f cen tra l in fo r m a tio n
d e p o s ito r ie s fo r H M D A data th at are lo c a te d in th e S e c o n d F ed era l R e s e r v e D istr ic t.
Q u e s tio n s c o n c e r n in g th e s e m a tters m a y b e d ir e c te d to o u r C o m m u n ity
A ffa ir s O f f ic e (T e l. N o . 2 1 2 - 7 2 0 - 5 9 1 2 ) .




C hester B. F e l d b e r g ,

Executive Vice President.

Pit-i O ' i 'hc{
Federal Financial Institutions Examination Council

&

_________________________________________________________________________________________

2100 Pennsylvania Avenue, NW, Suite 200 • Washington, DC 20037 . (202) 634-6526 . FAX (202) 634-6556

Press Release
October 26, 1994

The Federal Financial Institutions Examination Council (FFIEC) announced today
that reports of 1993 mortgage lending activity in metropolitan statistical areas (MSAs) are
now available for public inspection at a central depository in each MSA.
The reports reflect lending activity for approximately 9,650 institutions covered by
the Home Mortgage Disclosure Act (HMDA) that reported data to member agencies o f the
FFIEC -the Comptroller of the Currency, Federal Deposit Insurance Corporation, Office of
Thrift Supervision, National Credit Union Administration, and Federal Reserve System -and
to the Department of Housing and Urban Development.
The reports include individual disclosure statements and aggregate data for all
lending institutions that reported 1993 data for a given MSA. They contain data about loan
originations, loan purchases, and applications that did not result in a loan; and they give
information about three characteristics o f applicants or borrowers: race or national origin,
gender, and annual income. For loans relating to property located in MS As, the reports
identify the geographic location, usually by census tract.

Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration,
Office of the Comptroller of the Currency, Office of Thrift Supervision



A T - n c n ^

-

2

-

In total volume, lenders reported nearly 15.4 million home loans and applications
for 1993, a 28 percent increase from 1992. The increase reflects the continued high level of
refinancings and the expanded HMD A coverage in 1993 of about 750 independent mongage
companies.
From 1992 to 1993, the number of conventional home purchase loans extended to
lower income households in MS As went up 38 percent, compared with 8 percent for loans to
the highest income households. The number of conventional loans among racial or ethnic
groups increased 36 percent for black applicants, 25 percent for Hispanics, 18 percent for
whites, and 7 percent for Native Americans and for Asians. (See attached fact sheet.)
Denial rates for all racial and income groups were modestly lower than in 1992,
although nationwide summary statistics continue to show significant differences in denial
rates among racial and ethnic groups. Among applicants for conventional home purchase
loans, about 34 percent of blacks, 28 percent of Native Americans, 25 percent of Hispanics,
and 15 percent of whites and of Asians were denied credit in 1993. Comparable denial rates
in 1992 were 36 percent for blacks, 27 percent for Native Americans and for Hispanics, 16
percent for whites, and 15 percent for Asians.
The FFIEC makes HMDA data available in various formats, including paper,
magnetic tape, PC diskette, and CD-ROM. Tables for 1993 showing the nationwide
aggregates and key demographic information for MS As can be obtained in paper form. An
order form, with descriptions o f the various reports and formats available, can be obtained
by calling 202/452-2016 and selecting menu option 3; or by faxing a request for an order
form to 202/452-6497. The location of the central depository for a given MSA can be
obtained by calling the FFIEC (Ms. Joyce Campbell, 202/634-6526).




f \T - l O T b ^

- 3 -

This year the FFIEC also is providing data on mortgage insurance applications.
Data from the nation’s eight private mortgage insurance (PMI) companies were compiled
under the auspices o f the Mortgage Insurance Companies of America (MICA), and are
available at individual PMI companies, at the central depositories in each MSA, and from the
FFIEC. This year, MICA collected the mortgage insurance information for the fourth
quarter 1993; for 1994, the PMI companies will submit data for the full calendar year. An
article presenting an analysis of the PMI aggregate data appeared in the F e d e ra l R eserve
B u lletin of October 1994.

The FFIEC’s HMD A data order form is attached.




pfT-10~15 cf
Federal Financial Institutions Examination Council
Washington, DC_______________________________

Findings from Analysis of Nationwide Summary Statistics
for 1993 Data, Home Mortgage Disclosure Act
Fact Sheet (October 1994)
The information and the nationwide summary statistics discussed below are based
on data compiled by the Federal Financial Institutions Examination Council (FFIEC) for
lenders covered by the Home Mortgage Disclosure Act and Regulation C .1 The findings are
virtually identical to findings from the preliminary data that the FFIEC released in July.
For 1993, the FFIEC prepared a total of 35,976 disclosure statements for almost
9,650 lenders, with a separate report for each metropolitan area in which the lender has an
office (table 1). Submitting data were: 5,300 commercial banks, 1,209 savings associations,
1,907 credit unions, and 1,225 mortgage companies (962 were independent entities). Total
volume of reported home loans and applications (nearly 15.4 million) went up about 28
percent from 1992. This increase reflects the continued high level of refinancing activity in
1993, and also reflects HM DA’s expanded coverage o f independent m ongage companies.
Revisions to the regulation in 1992 resulted in more than a three-fold increase from 1992 in
the number o f independent mongage companies reponing (about 750 additional companies).2
Lending institutions tend to specialize in different types o f home loans (table 2).
In 1993, depository institutions originated about 48 percent o f the home loans of all types:
independent mortgage companies or the mortgage company affiliates of depository
institutions originated the rest.

Approval/Denial Rates
As in prior years, lenders approved most of the loan applications acted on in 1993
(regardless of loan purpose). Denial rates for all racial and income groups were modestly
lower than in 1992. Wide differences in denial rates among racial groups persist, with loan
applications filed by blacks, Native Americans, and Hispanics substantially more likely to be
turned down than those submitted by whites or Asians. Rates of denial vary among
applicants grouped by their income and racial or ethnic characteristics (table 3). For

1 The FFIEC also has compiled insurance data submitted by the nation’s eight
private mortgage insurance (PMI) companies under the auspices o f the Mortgage Insurance
Companies of America. These reports relate to application decisions made by the PMI
companies during the fourth quarter o f 1993; they are available from the individual
companies, from the MSA central depositories, and from the FFIEC. An article containing
analyses of these data appeared in the F ed era l R eserve B u lletin o f October 1994.
2 Before 1993, mortgage companies did not have to report HMDA data unless they
or their parent had at least $10 million in assets. Now, any mortgage company that
originated 100 or more home purchase loans in the preceding calendar year must report,
regardless of its asset size.




p
,
- 2 -

conventional home purchase loans, about 34.0 percent of black applicants, 27.8 percent of
Native American applicants, 25.1 percent of Hispanic applicants, 15.3 percent of white
applicants, and 14.6 percent of Asian applicants were denied credit in 1993. The comparable
denial rates in 1992 for conventional mortgages were 35.9 percent for blacks, 27.4 for
Native Americans, 27.3 percent for Hispanics, 15.9 percent for whites, and 15.3 percent for
Asians.
Although 1993 denial rates for conventional home purchase loans were lower for
each racial or ethnic group, significant differences across groups continue to be found.
Differences in the distribution of applicants by income account for some o f the differences in
loan disposition rates among racial or ethnic groups. Other factors are more important,
however, since white and Asian applicants, in all income groups, had substantially lower
rates of denial than black, Native American, or Hispanic applicants (table 4).
The extent to which racial discrimination may account for these differences is not
known. The HMDA data do provide information on the reasons for denial as cited by
lenders. Poor credit history or no credit history was the most frequently cited reason for
denial o f conventional home purchase loan applications.

Applications Received and Loans Made
Covered lenders received 13.6 million home loan applications in 1993 (compared
with 10.0 million in 1992), and purchased roughly 1.8 million loans (compared with nearly
2.0 million in 1992). The number o f conventional home purchase loans extended to all racial
and income groups was higher in 1993 than in 1992. The percentage increases were higher
for blacks and Hispanics than for other racial/ethnic categories and, among income groups,
were highest for borrowers in the lowest income groups. Refinancing requests accounted
for 56 percent of all reported home loan applications (data not shown in tables), compared
with 52 percent in 1992. The increase was largely due to low mortgage rates, the
availability of no-fee loans, and more efficient processing of applications.

Changes in Lending Volume by Race and Income
Mortgage originators have in recent years initiated a wide variety of affordable
home loan programs intended to benefit low-income and moderate-income and minority
households and neighborhoods (as have Fannie Mae and Freddie Mac) that may be having an
impact. The number o f conventional home purchase loans extended to lower income
households went up 38 percent from 1992 to 1993, compared with an 8 percent increase for
loans to the highest income households (second column, table 5 ).3 The number of loans
among racial or ethnic groups went up 36 percent for black applicants, 25 percent for
Hispanics, 18 percent for whites, and 7 percent for Native Americans and for Asians.

3
In order to provide the most appropriate year over year comparisons, the lending
activity of the newly covered mortgage companies has been excluded from these calculations.




1.

Residential lending activity reported by financial
institutions covered by HMDA, 1981-93
Number
°f
j loans
| (millions)

Year

1981
1982
1983
1984
1985
1986
1987
1988
1989
1990 2
1991
1992
1993 3
1.

2.

3.

|

Number
of
|
reporting j
institutions|

Number
of MSA
disclosure
reports

1.28
1.13
1.71
1.86
1.98
2.83

8, 094
8,258
8,050
8,491
8, 072
8,898

’10,945
11,357
10,970
11,799
12,567
12,329

3.42
3.39
3.13
6.59
7.89
12.01
15.38

9,431
9,319
9,203
9,332
9,358
9,073
9,650

13,033
13,919
14,154
24,041
25,934
28/782
35,976

Before 1990, includes only loans originated by covered
institutions; beginning in 1990 (first year under
revised reporting system), includes loans originated
and purchased, applications approved but not accepted
by the applicant, applications denied or withdrawn,
and applications closed because information was
incomplete.
Revised from preliminary figures published in Glenn B.
Canner and Dolores S. Smith, "Home Mortgage Disclosure
Act: Expanded Data on Residential Lending," Federal
Reserve Bulletin, vol. 77 (November 1991), p. 861, to
reflect corrections and the reporting of additional
data.
Preliminary data.

SOURCE.




!

FFIEC, Home Mortgage Disclosure Act data.

A1

2. Home lending, by type and purpose of loan and by type of lender, 1993
Percent distribution, by number of loans1
Type of lender
Purpose
of loan

l
r
Commercial bank Savings association [Credit union Mortgage company
i
.
Percent
Percent
Percent
Percent

Home purchase
FHA-insured
VA-guaranteed
FmHa-insured
Conventional
Home refinancing
Home improvement
Multifamily J
All

3.

17.9
11.1
10.4
21.3
20.3
19.0
9.4
47.2
17.9

1.1
0.2
1.2
0.3
1.3
2.8
10.6
0.5
3.0

59.6
81.1
79.5
50.6
52.4
53.8
11.2
14.4
51.8

Percent
100
100
100
100
100
100
100
100
100

In this and subsequent tables, components may not sum to totals because of rounding.
Includes independent mortgage companies and mortgage companies affiliated with a
commercial bank or savings association.
Includes dwellings for five or more families.

SOURCE.




FFIEC, Home Mortgage Disclosure Act data.

A2

b^LOVLt*

1.
2.

21.4
7.7
8.9
27.8
26.0
24.3
68.7
37.9
27.3

Total

3.

Disposition of conventional home purchase loan applications,
of applicant, 1993

by characteristics

Percentage distribution, by number of applications
Type of disposition
Applicant
characteristic

1

1
Denied

Approved
1
Race

or

!

Withdrawn

1
I ---- --—
j File closed | Total

ethnic group

American Indian/
Alaskan native
Asian/Pacific Islander
Black
Hispanic
White
Other
Joint (white/minority)

62.5
74.8
57.8
64.3
77.0
66.0
73.7

27.8
14.6
34.0
25.1
15.3
23.1
17.3

8.4
9.2
7.0
8.8
6.8
9.4
8.1

1.2
1.4
1.2
1.8
0.8
1.5
0.9

100
100
100
100
100
100
100

71.3
79.3
81.3
82.4

21.5
13.1
11.1
9.2

6.4
6.8
6.8
7.4

0.8
0.9
0.9
1.0

100
100
100
100

Income (percentage
of MSA m e d i a n ) J

Less than 80
80-99
100-120
More than 120

MSA median is median family income of the metropolitan statistical
area in which the property related to the loan is located.
SOURCE. FFIEC, Home Mortgage Disclosure Act data.




A3

LObJJt/

1.

4.

Disposition of conventional home purchase loan applications,
race of applicant, 1993

by income and

Percent distribution, by number of applications
Applicant income
and race or
ethnic group 1

Type of disposition
Approved

Less

t han

1
l
| Denied
i
i

With­
drawn

3
r
| File closed j Total
1
!

80

American Indian/
Alaskan native
Asian/Pacific Islander
Black
Hispanic
White
Other
Joint (
white/minority]

64.7
74.7
59.5
62.8
74.1
65.7
66.2

27.0
16.0
32.3
28.6
19.3
26.2
26.2

7.1
8.2
7.1
7.4
5.9
7.2
6.8

1.2
1.2
1 .1
1.2
0.7
0.9
0.8

100
100
100
100
100
100
100

71.9
76.9
67.8
67.5
81.7
72.9
74.8

18.1
13.6
23.1
22.3
11 .3
17.2
17.5

9.3
8.2
7.8
8.5
6.3
8.1
6.9

0.7
1.2
1.3
1.7
0.7
1.7
0.8

100
100
100
100
100
100
100

80-99

American Indian/
Alaskan native
Asian/Pacific Islander
Black
Hispanic
White
Other
Joint (
white/minority ]




3

0

f

—
J

A4

£

Table 4. continued

Applicant income
and race or
ethnic group 1
Approved

Type of disposition
------ ------- j
------— ,
i
l
l
i
Denied | Withj File closed j Total
| drawn

100-120

American Indian/
Alaskan native
Asian/Pacific Islander
Black
Hispanic
White
Other '
Joint (white/minority)
than

14.7
13.1
22.0
21.1
9.3
17.4
13.6

7.4
8.2
8.3
8.7
6.3
9.3
7.8

1.2
1.2
1.4
1.7
0.7
1.6
0.6

100
100
100
100
100
100
100

120

American Indian/
Alaskan native
Asian/Pacific Islander
Black
Hispanic
White
Other
Joint (white/minority)

76.1
75.6
71.8
70.7
84.4
72.6
80.5

13.6
13.7
18.2
17.1
7.9
15.6
10.4

8.9
9.3
8.5
9.8
6.9
10.1
8.2

1.5
1.4
1.4
2.3
0.8
1.7
0.8

100
100
100
100
100
100
100

1. Applicant income shown as percentage of the median family income of the
metropolitan statistical area in which the property related to the loan is
located.
SOURCE. Home Mortgage Disclosure Act data.




A5

hRLO'-iy

More

76.7
77.5
68.3
68.5
83.7
71.7
78.0




5.

Change in volume of conventional home purchase loans between 1992 and
1993, by characteristic of borrowers and census tracts
Percent, by number of loans

Borrower or census tract
characteristics

r
i
i
i
i
i
i
i
i
i

Percent change
1992 to 1993

24.6

16.5

18.7
15.0
43.9
36.3
24.6
74.4
25.8

7.3
6.5
35.8
25.4
17.5
64.1
17.8

46.2
30.5
25.5
16.0

Total
Race

i
i Percent change
i
i 1992 to 1993
I
i excluding new
i
i mortgage companies
i

38.4
21.4
16.2
8.2

or ethnic group of borrower

American Indian/
Alaskan native
Asian/Pacific Islander
Black
Hispanic
White
Other
Joint (white/minority)

A6

tfi

Less than 80
80-99
100-120
More than 120

io-±
_\Ay

Income of borrower
(percentage of
MSA median)1




Table 5.

continued

Borrower or census tract
characteristics

1
i
i
i
i
i
i
i
i
i

i
i
i
Percent change
1992 to 1993
i

Percent change
1992 to 1993
excluding new
mortgage companies

Racial composition of
c e n s u s t r a c t ( i n o r i t i e s as
m
p e r c e n t a g e of population)

Less than 10
10-19
20-49
50-79
80-100
Income

of

census

26.0
24.4
21.0
19.8
17.1

18.2
16.2
12.6
10.4
7.9

21.6
23.8
26.6

14.9
16.1
17.6

tract2

Low or moderate
Middle
Upper

SOURCE.

FFIEC, Home Mortgage Disclosure Act data.

A7

y U - Q t lt /

1. MSA median is median family income of the metropolitan statistical area
in which the property related to the loan is located.
2. Census tracts are categorized by the median family income for the tract
relative to the median family income for the metropolitan statistical
area (MSA) in which the tract is located. Categories are defined as
follows: Low or moderate, median family income for census tract less
than 80 percent of median family income for MSA; Middle income, median
family income 80 percent to 120 percent of MSA median; Upper income,
median family income more than 120 percent of MSA median..

f T-JO'72A
\

FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
HMDA DATA ORDER FORM
(HARDCOPY ITEMS)
FFISC AMD FRB 1ISE ONLY
FFIEC Control Number.'

Order Form Received at FRB:

_/_/_

____

Order Form Completed by FRB:

_/
_/

Order Shipped by FRB: _/_/_
NAME/FIRM: ________________________ /

Check if Non-Profit
Organization

□

ADDRESS:

TELEPHONE: ____ -_____ -_______
Please make checks payable to:

FFIEC

Hail to:

Board of Governors of the Federal Reserve System
20th Sc C St. NW
Attn: Management & Administrative Services, Stop 163
Washington, D.C.
20551
Phone: 202-452-2016

(Note:

Advance payment required. HMDA Data Order Porm must accompany
payment. Omittance of either payment or Order Form will delay your order.
Completed orders can be shipped using overnight service at your
expense. Please include preferred carrier and your account number. You will
be billed for the shipping costs).
SELECTION LIST
(see attached item descriptions)

Disclosure Statement

FFIEC

UNIT
COST

$ 50. 00

(Item #001)

Data Type(See paqe 7 ) :

QTY

,

TOTAL

$

MICA

Indicate HMDA year(s):
(Specify Reporter ID selections in ascending order; use back
of form if additional space is required.)
Indicate Reporter Name:
Reporter
Name:

Reporter/Agency ID and
Zip Code:
/ / / / / / / / / / / - / /
Zip Code:

Reporter
Name:

/ / / / / / / / / / / - / /
Zip Code:

1




/ / / / / /

/ / / / / /

O ctober 1994

FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
HMDA DATA ORDER FORM
(H A R D C O P Y I T E M S )

TJI K AMD ygB USE ONLY
PFIEC Control Number:
Aggregation Report

(Item #002)
$ 50.00

Data Type(See page 7):

MICA

FFIEC_

Indicate HMDA year(s): ____,
For MSAs:
Note:

,

Cost of hardcopy report by MSA is $50 each MSA.

Census Tract Listing

(Item #003)
$ 50.00

Indicate HMDA year(s) :

____,

Note: 1990 revised MSA definitions used beginning with 1994
HMDA data;
1990 census tracts used beginning with 1992 HMDA data
1980 census tracts used with 1990 & 1991 data.

MSA Median Family Income Listing

(Item #004)
NC

Indicate HMDA year(s):

____, ____

National Aggregate Reports (Item #005)
$ 50.00
Data Type (See page 7) :

FFIEC_______

Indicate HMDA year(s):

MICA

____, ____

MSA by MSA Report on the Disposition of Applications
by Race and Income of Bach Applicant (Item #006)
In d ic a te

HM DA y e a r ( s ) :

Reporter Directory

______,

$ 50.00

______

(Item #007)

Indicate HMDA year(s) :

$ 45.00
or
$ 75.00

___ ,

Indicate MSA Name and Number:
MSA Name:

MSA Number:

I I

MSA Name:

MSA Number:

/

MSA Name:

MSA Number:

/ / / / /

Note:

/

I I

/

/

/

/

For non-profit organizations, the charge for the
directory is $45.00 per MSA; the charge is $75.00 per
MSA for all others.




October

prr-\on?&

FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
HMDA DATA ORDER FORM
(HARDCOPY ITEMS)
r a K AKD FRB USE ONLY
FFIEC Control Number:

_____

Thraa-raport package:
(Item #008)
e Report on Disposition of Loan Applications by Income and
Race
e Report on Distribution of Loan Applications
e Census Tract Summary
Indicate HMDA year(s):

$

_

Indicate Reporter and MSA:

Reporter/Agency ID and
MSA Number (if known):

Reporter
Name: ___________________
City:

$ 45.00
or
$ 75.00

-/_/

___________________

MSA Name: _______________

MSA Number:

/_/_/_/_/

MSA Name: _______________

MSA Number:

/_/_/_/_/

Reporter
Name: ___________________
City:

-/_/

___________________

MSA Name:

_______________

MSA Number:

/_/_/_/_/

MSA Name:

_______________

MSA Number:

/ / / / /

Reporter
Name: _____________________________
City:

//J/JJJJJJ-/J

_____________________________

MSA Name:

_________________________

MSA Name:
Note :

/

MSA Number:

/ / / / /

MSA Number:

/ / / / /

For non-profit organizations, the charge for this
package is $45.00 per institution/MSA; the charge is
$75.00 per institution/MSA for all others.




GRAND TOTAL

$

O ctober 1394

At - iO t 3 cf
FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
HMDA DATA ORDER FORM
(REEL/CARTRIDGE ITEMS)

FFIEC AND FRB USE ONLY
FFIEC Control Number:
Order Form Received at FSB:

_/__/__

Order Form Completed by FRB:

Order Shipped by FRB r _/__/_

MAKE/FIRM:

Check if Non-Profit
Organization

□

ADDRESS:

TELEPHONE:
Please make checks payable to:

FFIEC

viail to:

Board of Governors of the Federal Reserve System
20th S C St. NW
c
Attn: Management S Administrative Services, Stop 163
c
Washington, D.C.
20551
Phone: 202-452-2016

(Note:

Advance payment required. KMDA Data Order Form must accompany
payment. Omittance of either payment or Order Form will delay your order.
Completed orders can be shipped using overnight service at your
expense. Please include preferred carrier and your account number. You will
be billed for the shipping costs).

SELECTION LIST
(see attached item descriptions)

QTY

Aggregation Report -- Year(s)
(Item #101)
LAR & TS Raw Data
(Item #102)

UNIT
COST

TOTAL

$500.00

-- Year(s)

$500.00

OR $50.00
for CD-ROM

Data Type (See page 7):

FFIEC

Expected Reporter Panel
(Item #103)

MICA
Year(s)
$150.00

Select Media:
Reel (6250 bpi) in __ EBCDIC

OR
OR

OR

ASCII

Cartridge
__ CD-ROM (LAR & TS
♦not available for
*1992 data will be
*1993 data will be




Raw Data Only)*
years prior to 1992
available in August
available in October

O ctober 1994

m - \cn s r

FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
HMDA DATA ORDER FORM
(REEL/CARTRIDGE ITEMS)
r a g C AMD FEB USE ONLY

FFIEC Control Number:
C Diskettes by MSA

(Item #201)

Charge
determined
by # of
diskettes
per MSA

Indicate year(s) ____,
MSA(s):
ote :

,

Data will be placed only on 3-1/2 high density
PC diskettes.
The number of diskettes generated
per MSA will determine the charge.
The breakdown
on charges is: 1-4 diskettes -- $25.00; 5-9
diskettes -- $75.00; and 10 or more diskettes -$150.00.
To determine the amount to send with your order
form, call 202-452-2016 to find out the number of
diskettes required per requested MSA(s).
Please
follow the instructions in the HMDA Data Request
mailbox to retrieve the HMDA Fax Request Catalog.
This will allow you to choose the appropriate
Number of Diskettes by MSA Listing.

ensue Data

(Item #104)

Indicate HMDA year(s):
Select:
OR
ote:

Reel

$250.00
____,

(6250 bpi)

in

EBCDIC

OR

ASCII

__ Cartridge
1990 MSA redefinitions used beginning with 1994
HMDA data;
1990 census tracts used beginning with 1992 data,
1980 census tracts used with 1990 & 1991 data.

SA Aggregate Reports and Disclosure Statements on
icrofiche

$

20.00

Item #301)
ndicate year(s):
:SA(s) :

____

tote: Cost of microfiche is $20.00 per Year/MSA

[SA Aggregate Reports and Disclosure Statements on CD-ROM
Item #302)
ndicate year(s):




$150.00

____ , ____

GRAND TOTAL

O ctober 1994

AT-ICT72P.

FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
HMDA DATA ORDER FORM
(Preparation Items)
ffikc j
uro f r b u s e o t l y

FFIEC Control Humber:

rrder Form Received at FRB:

/

/

____

Order Form Completed by FRB:

Order Shipped by FRB:

j

/

_/__/_

fAME/FIRM:

Check if Non-Profit
Organization

□

JDDRESS:

ELEPHONE: ____ -____ -______
lease make checks payable to:

FFIEC

:ail to:

Board of Governors of the Federal Reserve System
20th & C St. NW
Attn: Management & Administrative Services, Stop 163
Washington, D.C.
20551
Phone: 202-452-2016

Note:

Advance payment required. HMDA Data Order Form must accompany
payment. Omittance of either payment or Order Form will delay your order.
Completed orders can be shipped using overnight service at your
expense. Please include preferred carrier and your account number. You will
be billed for the shipping costs).
SELECTION LIST
[see attached item descriptions)

Guide to HMDA Reporting: Getting it Right (Item #010)

QTY

UNIT
COST

$ 5.00

* This Guide was developed to assist those who prepare
the HMDA report.
It provides a summary of
re s p o n s ib ilitie s
and requirements, directions for
assembling the necessary tools, and step-by-step
instructions for reporting HMDA. There is also an
appendix that includes a checklists, a glossary,
addresses for supervisory agencies and the Bureau of the
Census, and a listing of geographic codes needed for
reporting.

MDA Questions and Answers (Item #011)
$ 5.00
* This Video was prepared by the Federal Reserve Bank of
Atlanta.
It is a twenty minute video that answers the
most common questions that pertain to HMDA reporting.




GRAND TOTAL

O ctober 1994

TOTAL

AT-iO

FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
HMDA DATA ORDER FORM
ITEM DESCRIPTIONS
Unless otherwise specified, reports using HHDA data are available baginning with 1990.
HMDA data is released the fall after the reporting year.(i.e. 1992 HMDA data was
released November 1993; projected release data for 1993 HMDA data is scheduled for
October 1994.) Reports using census data and the HUD Median Family Income Listings are
available prior to the HMDA data reports. Please refer to the HMDA Assistance line at
(202)452-2016 for the latest release of these reports.
Bach year, MSA, and\or institution selected is an additional charge for each item
Charges for duplicate requests apply
» » » » » » » * » ★ » » » » * » » » » » » » » » » » ★ * » » » » » » » » » » » » ★ » * » » » » » » * » » » » » » » » * » * » * » » » » » » » » » » » » » » » * a a * » * * »»»»
★

The FFIEC has agreed with the Mortgage Insurance Companies of America

(MICA) to allow

eight of their insurers to collect HMDA data beginning with October of 1993.

*

The

★

participating insurers will disclose the information as collected on the HMDA-LAR

*

reports; Minimal modifications will be required in the coding to reflect accurate

★

reporting information.

★

#001),

Aggregation Reports

the LAR & TS Raw Data (item #102),

#005) are available for MICA data.

(item #002), Disclosure Statements
and the National Aggregate Report

Because 1993 MICA

(item
(item

★

data covers only October through#

December the charge for the LAR & TS Raw Data (item #201) will be reduced to $125.00.

♦

Subsequent year's data will be collected annually, therefore, charges will not differ

★

from the FFIEC data.

Also, items other than the LAR. & TS Raw Data will not be granted ♦

a price reduction for the 1993 reporting year.
Please mark which data type is desired where specified.

*
The FFIEC data will include

*

those institutions required to report HMDA under regulation C, and the MICA data will

★

include those eight mortgage insurers reporting HMDA data as agreed upon with the

*

FFIEC.

★
★

Tqreqation Report: The Aggregation Reports of MSAs (340 for 1990; 341 for 1991, 1992 and
393; and 329 for 1994), sorted by MSA, distributed as either hardcopy or on tape,
rinted MSAs range from 30 to 604 pages each, with an average of approximately 60 pages,
lis report aggregates the mortgage and home improvement lending information for those
istitutions within an MSA.
It is in the same format as the disclosure statements;
D w e v e r , individual institutions can not be identified.
Tape distribution is used in lieu
! hardcopy as a convenience to those sites that can print the tape locally.
This is a
rint image tape; therefore, the data can not be manipulated.
Dr hardcopy distribution, enter the MSA number for each MSA desired on the report in the
pace provided on the form.
If additional space is required, use the back of the form,
le charge for hardcopy distribution is $50.00 for each MSA requested.
(Item #002)
Dr tape distribution, all MSAs will be included on the tape. Also, a listing will be
rovided that shows the relative position and number of pages for each MSA on the tape,
ata will be in EBCDIC and formatted as follows: record length = 166; block size = 2 4 , 9 0 0 ;
id record format = fixed block.
Printing these records requires aprinterfeatured for
56 character output. The charge for tape distribution is $500.00.
(Item #101)
lese hardcopy aggregate item is also available for MICA data.
trior to 1993 (see page 7).




This data is not a v a i l a b l e

O ctober 1994

R T -iO T ic i

m i u i information: This is the nationwide census data that is used as input to HMDA
rocessing"! Data is distributed as a hardcopy report or on tape. The hardcopy Census
ract Listing contains valid census listings and does not have demographic information;
lereas the data on the tape does contain demographic information for each tract. Tape
.stribution is available on either reels or cartridges; file descriptions are included
.th each order.
The charge for hardcopy distribution is $50.00 (Item #003); for tape
.stribution, the charge is $250.00 (Itam #104).

: is important to note that 1980 census tracts have been used in processing 1990 and 1991
IDA data; 1990 census tracts for processing beginning with 1992 HMDA data; 1990 MSA
‘definitions beginning with 1994 HMDA data. The census data distributed will be
.
insistent with the HMDA year specified.
For example, if HMDA year 1991 is selected, 1980
•nsus tract data with 1991 MSA definitions will be issued.

.sclosura Statement: The Disclosure Statement summarizes mortgage and home improvement
tnding information from data that is prepared yearly by individual institutions.
The
sclosure Statement is distributed in hardcopy at a cost of $50.00 for each institution
iquested.
(Item #001)
: Disclosure Statements are also available for MICA data.
e
■ior to 1993 (see page 7) .

This data is not available

xnctid Reporter Panel: The Expected Reporter Panel is the universe of all institutions
i were expected to report under HMDA. The panel includes the name of the institution,
o
. reporter ID and agency code, and the MSA number(s) of the metropolitan areas for which
e
.ey were expected to report. The panel is captured from the database at the same time
.at the final disclosure and aggregate reports are prepared for the Central Depositories,
ually in October.
The Expected Reporter Panel is distributed in reel or cartridge only
a cost of $150.00. A format description is also included with each order.
(Item #103)
an Application Records (LAR) and Transmittal Sheet (TS) Data: The LAR & TS data is
llected by a financial institution as a result of applications for, and originations and
rchases of, home-purchase loans (including refinancings) and home-improvement loans for
ch calendar year.
LARs for 1990 total almost 6.6 million records and 9,332 Transmittal
.eets (TSs); the 1991 LARs data total over 7.9 million records and 9,359 TSs; and the
92 LARs data total approximately 12.0 million records and 9,072 TSs. The following
.ould be noted:
•

Data is not certified as error free.

•

For reasons of privacy, the dates and loan application numbers are
omitted from each record.
To form a unique identifier for a reporter, the Respondent ID and
single character Agency Code must be used. To form a unique loan
record identifier, the Respondent ID, Agency Code and Loan Sequence
Number must be used.
See record layout enclosed with distribution
tape for additional information.

R and TS data are distributed on tape at a cost of $500.00.
Reels or cartridges may be
csen.
Record formats and file descriptions are included with each order.
(Item #102)
reels are ordered, there will be multiple reels containing the LAR data and one reel
ntaining the TS data.
If cartridges are ordered, there will be several cartridges
ntaining the LAR data and one containing the TS data.
(The number of reels/cartridges
ntaining LAR data will vary according to the year requested because of the volume of
ta). Note that both reels and cartridges containing LAR data will be multi-volume
tasets. This means that to process ALL of the LAR data, each of the reels or cartridges
st be read successively.




O ctober 1994

AT-iO 'l

^AR and TS data are also distributed on CD-ROM at a cost of $50.00.

The user will have

;he ability to:
•

Download the data contained on the compact discs to a file

•

Search by MSA, State, County, or Respondent ID and save to a file.

•

Import the file created from a download or search into a software package or
mainframe application.
It is important to consider the space limitations
of each application prior to loading the data into that application.

hese LAR and TS files are also available for MICA data. This data is not available prior
o 1993 (see page 7), as well as, is available only on reel or cartridge.

5A Aggregate Reports and Disclosure Statements on Mlcrofiche/CD-ROM: The MSA Aggregate
sports and individual lender Disclosure Statements for each MSA can be distributed on
tcrofiche at a cost of $20.00 per MSA (Item #301) or on CD-ROM at a cost of $150.00 for
ie entire nation. (Item #302)
le CD-ROM allows the user to search by MSA, an institution's individual disclosure
-.atement, or a specific table on the MSA aggregation report.
Printing these records
»quired a printer featured for 166 character output.

I bv MSA Report on the Disposition of Applicatione by Race and Income of Bach Applicant:
A
Lis report contains one table for each of the MSAs (341 in 1992).
It provides the number
. percentage of applications denied by the race and income of the applicants within the
d
A. The report is available in hardcopy only at a cost of $50.00.
(Item #006)

A Median Family Income Listing: This Listing shows "MSA Median Family Incomes for 19xx
DA Reports" where xx is the HMDA year (i.e., 90, 91, etc.).
If a 1990 Listing is
lected, there will be an adjustment factor of 1.6424 applied to the 1980 Median Family
come column for each MSA to arrive at the Inflation Adjusted 1980 Median Family Income
lumn.
For 1991 and future Listings, the median family income of the MSA is/will be
sed on estimates developed by the Department of Housing and Urban Development (HUD);
ese estimates will be updated annually.
The figure for the MSA is the HUD estimate for
e fiscal year that corresponds to the year for which the loan/application data are
ported.
5 Listing is distributed free of charge.

(Item #004)

:ional Aggregate Reports: These tables are a nationwide summation of the individual MSA
jregate Reports.
They indicate the number and dollar amounts of lending, cross
sulated by loan, applicant, and geographic characteristics.
The reports are available
hardcopy only at a cost of $50.00.
(Item #005)
» Disclosure Statements are also available for MICA data.
.or to 1993(see page 7).

This data is not available

Diskettes bv MSA: The PC Diskettes by MSA will contain individual loan application
:ords coded for the MSA(s) selected on the form.
The data contained for each MSA will
only for institutions that are located in that MSA, i.e., the data reflected in the
regate Report for that MSA. This data covers the institutions loan activity in the MSA
ered only. There are also seven fields added to each loan application that identify the
ulation, minority population, and other census information.
The number of PC diskettes
erated per MSA will determine the charge. The charges are broken down as follows: 1-4
kettes per MSA is $25.00; 5-9 diskettes per MSA is $75.00; and 10 or more diskettes per
is $150.00.
In order to determine the amount to submit with your order form, call
-452-2016 for the number of diskettes required for each requested MSA(s). (Item #201)
orter Directory: The Reporter Directory is a hard copy of all HMDA reporters within a
cified MSA, sorted by name of reporter and then by state and county codes.
ort:
•

This

Provides ID number, name of institution, city and state locations,
total assets, and parent ID number.




O ctober 1994

AT-/O 739
•

For each state and county in which an institution has activity, the
following are provided:
the
the
the
the
the
the

state and county codes;
number of tracts with loans;
number of loans originated;
number of applications;
ratio of loans to applications; and
number of loans purchased

» Reporter Directory will be available beginning in December 1992. The charge for nonDfit organizations will be $45.00 per requested MSA and $75.00 per MSA for all others.
:em #007)
ree-Report Package: This package of three reports is available in hardcopy only.
.lowing information is provided for a specified institution/MSA combination:

The

Report on Disposition of Loan Applications bv Income and Race
e

Compares applications by disposition and by income levels (as a
percentage of the MSA median income--less than 80%, 80-99%, 100120%, and more than 120%)

e

is subdivided by race

Report on Diatribution of Loan Applications
e

Provides a summary of a specific institution's activity by income and
racial characteristics of the census tract within an MSA

e

Covers applications for mortgage and home improvement loans and
refinancings

e

Provides the number of applications received, the number of loans
originated, and the number of 1-4 family owner-occupied units within each
category of census tract characteristics.

Census Tract Summary
e

Provides the number, dollar amounts, and disposition of applications
for a specific institution/MSA by census tracts

•

For each census tract, the following are also provided:
the median housing value
the median age of the housing stock
the median age of the population
the minority population percentage
the number of 1-4 family owner-occupied units
the number of households
the median income
the denial rate

•

Census tracts that are low- to moderate-income tracts are highlighted

;se reports for non-profit organizations are priced at $45.00 per requested
stitution/MSA, and $75.00 per institution/MSA for all others.
These reports are ordered
a package, not separately.
(Item #008)




O ctober 1994

1994/5 DIRECTORY
PMSA/MSA CENTRAL HMDA DATA DEPOSITORIES
IN SECOND FEDERAL RESERVE DISTRICT

NEW YORK

0160

ALBANY-SCHENECTADY-TROY, NY

R o c c o A . F err a r o
D ir e c to r o f P la n n in g S e r v ic e s
C a p ita l D is t r ic t R e g io n a l
P la n n in g C o m m is s io n
2 1 4 C an al S q uare
S c h e n e c ta d y , N Y

12305

5 1 8 /3 9 3 -1 7 1 5

0960

BINGHAMTON, NY

R o b e r t A u g e n s t e m , D ir e c to r
S o u th e r n T ie r E a st R e g io n a l P la n n in g
D e v e lo p m e n t B o a r d
4 6 S o u th W a s h in g to n S t.
B in g h a m to n , N Y

1 3 9 0 3 -1 7 1 2

6 0 7 /7 2 4 -1 3 2 7

1280

BUFFALO-NIAGARA FALLS, NY
(Title change)

M a r sh a N ig r o
B u s in e s s I n fo r m a tio n D e p t.
B u ffa lo an d E r ie C o u n ty P u b lic L ib ra ry
L a fa y e tte S q u a r e
B u f f a lo , N Y

14203

7 1 6 /8 5 8 -7 0 9 7

2281

DUTCHESS COUNTY, NY
(New)

B a rb a ra J. S c h e lin
C ity o f P o u g h k e e p s ie
6 2 C iv ic C e n te r P la z a
P .O . B o x 3 0 0
P o u g h k e e p s ie , N Y
9 1 4 /4 5 1 -4 2 0 1




12601

/rr-tC n ^ Q
- 2 -

NEW YORK (Cont’d)
2335

ELMIRA, NY

C h e r y l B . S c h n e id e r
E x e c u t iv e D ir e c to r
E lm ir a U r b a n R e n e w a l A g e n c y
D e p t, o f C o m m u n ity D e v e lo p m e n t
3 1 7 E . C h u r c h S t ., A r m o r y A n n e x
E lm ir a , N Y

14901

6 0 7 /7 3 7 -5 6 9 1

2975

GLENS FALLS, NY

(T h e r e is c u r r e n tly n o d e p o s ito r y fo r th is M S A )

3610

JAMESTOWN-DUNKIRK, NY

R ic h a r d T . Z in k
S o u th e r n T ie r W e s t
4 6 5 B r o a d S tr e e t
S a la m a n c a , N Y

14779

7 1 6 /9 4 5 -5 3 0 1

5380

NASSAU-SUFFOLK, NY

R o y F e d e le m
L o n g Isla n d R e g io n a l P la n n in g B o a rd
2 2 0 R a b r o D r iv e
H auppauge, N Y

1 1 7 8 8 -0 0 9 9

5 1 6 /8 5 3 -5 1 1 1

5600

NEW YORK, NY

P e g g y C r u ll / J u a n F e r n a n d e z
N e w Y o r k C ity H u m a n R ig h ts
C o m m is s io n
R e s e a r c h U n it
4 0 R e c to r S t. - 1 0 th F lo o r
N ew Y ork, N Y

10006

2 1 2 /3 0 6 -7 6 4 6 / 2 1 2 /3 0 6 -7 5 7 4

5660

NEWBURGH, NY
(R e in s ta te d 6 / 9 3 - T it le c h a n g e )

P a tr ic ia V o n O h le n
N e w b u r g h F r e e L ib r a r y
R e fe r e n c e D e p t . - D o c u m e n ts
1 2 4 G ra n d S tr e e t
N ew burgh, N Y
9 1 4 /5 6 1 -1 9 8 5




12550

£!T-lG~75Q

-

3

-

NEW YORK (Cont’d)
5700

NIAGARA FALLS, NY
( D e le t e d in c lu d e d in M S A 1 2 8 0 )

5950

ORANGE COUNTY, NY
(formerly SMSA 5660)
( D e le t e d in c lu d e d in M S A 5 6 6 0 )

6460

POUGHKEEPSIE, NY
(D e le t e d in c lu d e d in M S A 2 2 8 1 )

6840

ROCHESTER, NY

A lle n F itz p a tr ic k
D e p t, o f C o m m u n ity D e v e lo p m e n t
3 0 C h u r c h S t. - R m :
R o c h e s te r , N Y

028B

14614

7 1 6 /4 2 8 -7 5 2 7

8160

SYRACUSE, NY

D o u g la s R e ic h e r , C o m m is s io n e r
D e p t, o f C o m m u n ity D e v e lo p m e n t
C ity o f S y r a c u s e
2 0 1 E . W a s h in g to n S t.
S yracu se, N Y

1 3 2 0 2 -1 4 3 2

3 1 5 /4 4 8 -8 7 0 0

8680

UTICA-ROME, NY

M ic h a e l G a p in , P r o g r a m D ir e c to r
H e r k im e r -O n e id a C o u n tie s
C o m p r e h e n s iv e P la n n in g P r o g r a m
O n e id a C o u n ty O f f ic e B u ild in g
8 0 0 P a rk A v e .
U t ic a , N Y

13501

3 1 5 /7 9 8 -5 7 1 0




p T - lG lb 0!

-4NEW JERSEY

0240

ALLENTOWN-BETHLEHEM-EASTON, PA
(Title change; includes Warren County, NJ)

Office of the City Clerk
City of Allentown
Room 510, City Hall
435 Hamilton St.
Hamilton, PA 18101
(215) 437-7539
0875

BERGEN-PASSAIC, NJ
(formerly SMS A 6040)

Division of Housing
Attention Donna Brightman
125 Ellison St.
Paterson, NJ 07505
201/881-8777
3640

JERSEY CITY, NJ

Gerard M. Haizel
Jersey City Division of Planning
30 Montgomery St., Rm: 416
Jersey City, NJ 07302
201/547-5010
5015

MIDDLESEX-SOMERSET-HUNTERDON, NJ
(formerly SMSA 5460)

Reference Librarian
New Brunswick Free Public Library
60 Livingston Ave.
N ew Brunswick, NJ 08901
908/745-5175
5190

MONMOUTH-OCEAN, NJ
(formerly SMSA 4410)

Beatrice Priestly
Long Branch Public Library
328 Broadway
Long Branch, NJ 07740
908/222-3900
5640

NEW ARK, NJ

Newark Public Library
New Jersey Reference Division
5 Washington St.
P.O. Box 630
Newark, NJ 07101-0630
201/733-7775 or 7776




AT- 10739

-5PUERTO RICO

0060

AGUADILLA, PR

Alfonso Santa, Director
Municipality of Aguadilla
P. O. Box 1008
Aguadilla, Puerto Rico 00605
809/891-1005
0470

ARECIBO, PR

Irmgard Gonzales Segappa
Director, Bureau of Census
P.O. Box 41119, Minillas
Station
Santurce, PR 00940-1119
809/728-8345
1310

CAGUAS, PR

Eng. Ricardo Echevarria Negron
(or) Mr. Bermudez
Government Program Coordinator
C.D.B.G. Administrator
Municipality of Caguas
P.O. Box 7889
Caguas, PR 00726-7889
809/746-1110
4840

MAYAGUEZ, PR

Marta Tomassini - Library
Univ. of Puerto Rico Campus
P. O. Box 5000
Mayaguez, PR 00681
809/832-4040 x3459
6360

PONCE, PR

Antonio Matos, Director
Encamacion Valdes Library
Pontifical Catholic University
of Puerto Rico
Las Americas Avenue
Station #6
Ponce, PR 00732
809/841-2000 x300, 301
Fax: 259-1376




i-C n & l

-

6

-

PUERTO RICO (Cont’d)
7440

SAN JUAN-BAYAMON, PR
(Title change)

Carlos E. Gaztambide, J.D.-SREA
President
Puerto Rico Appraisers Examining Board
Banco Popular Center, Suite 1812
Hato Rey, San Juan
Puerto Rico 00918
809/726-4210





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102