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Federal Reserve Bank
of

Dallas

R O B ER T D. M cTEE R , JR .

DALLAS, TEXAS
75265-5906

PRESIDENT
AND CHIEF EXECUTIVE OFFICER

August 24, 1998
Notice 98-78

TO: The Chief Executive Officer of each
financial institution and others concerned
in the Eleventh Federal Reserve District

SUBJECT
Information Regarding 1997
Home Mortgage Disclosure Act (HMDA) Data
DETAILS
The Federal Financial Institutions Examination Council (FFIEC) has announced the
availability of data about 1997 mortgage lending activities at central depositories in metropolitan
areas. The FFIEC also released analyses of nationwide summary statistics regarding lending
patterns. The data reflect lending activity for 7,925 institutions covered by the Home Mortgage
Disclosure Act (HMDA). The FFIEC makes HMDA data available in various formats, including
paper, magnetic tape, PC diskette, and CD-ROM. HMDA data may also be obtained on the
FFIEC’s Web site at <www.ffiec.gov>.
ATTACHMENTS
The FFIEC’s press release and order forms describing the various reports and formats
available are attached.
MORE INFORMATION
For more information, please contact Jim Foster at (214) 922-5280. For additional
copies of this Bank’s notice, please contact the Public Affairs Department at (214) 922-5254.
Sincerely yours,

For additional copies, bankers and others are encouraged to use one o f the following toll-free numbers in contacting the Federal
Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012;
Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810.

This publication was digitized and made available bj the Federal Reserve Bank of Dallas' Historical Ubraty (FedHistoiy@dalfrb.otg)

Federal Financial Institutions Examination Council

For Immediate Release

August 6, 1998

The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data about
1997 mortgage lending activity in metropolitan areas and released analyses of nationwide summary statistics
regarding lending patterns. The nationwide summary statistics are attached to this release; the following
provides a general overview.
The data reflect lending activity for 7,925 institutions, both depository and non-depository, that are covered by
the Home Mortgage Disclosure Act (HMDA) and that reported data to member agencies of the FFIEC--the
Office of 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 1997 data include 16.4 million reported loans and applications, an increase of about 11 percent from
1996, resulting primarily from increased refinancing activity (table 1). The number of home purchase loans
extended in 1997 compared with 1996 increased 12 percent for Asians, 4 percent for Blacks and Hispanics,
and 2 percent for Whites, while decreasing 1 percent for Native Americans. During the five years from 1993
through 1997, the number of home purchase loans extended has increased 62 percent for Blacks, 58 percent
for Hispanics, 29 percent for Asians, 25 percent for Native Americans, and 16 percent for Whites (table 9).
The number of home purchase loans extended to applicants in all income categories increased in 1997
compared with the prior year. The number of such loans extended in 1997 to lower income applicants
(applicants having incomes less than 80 percent of the median family incomes for their metropolitan statistical
area, or MSA) increased 6 percent over 1996, while the number of such loans extended in 1997 to upper
income applicants (applicants having incomes equal to or more than 120 percent of their MSA’s median)
increased 5 percent over the prior year. During the five years from 1993 through 1997, the numbers of home
purchase loans extended to lower income and upper income applicants increased 38 percent and 27 percent,
respectively (table 9).
In 1997, 34 percent of Hispanic applicants and 26 percent of Black applicants for home purchase loans sought
government-backed mortgages; the comparable figures for White applicants, Asian applicants, and Native
American applicants were 15 percent, 12 percent, and 11 percent, respectively. Twenty-seven percent of lower
income applicants for home purchase loans applied for government-backed loans in 1997, compared with 11
percent of upper income applicants (table 2).
Denial rates for conventional (non-government-backed) home purchase loans in 1997 were 53 percent for
Black applicants, 52 percent for Native American applicants, 38 percent for Hispanic applicants, 26 percent for
White applicants, and 13 percent for Asian applicants (table 5). Except for Asian applicants, each of these
rates exceeded the comparable rate for 1996.
The denial rate for conventional loans was 29 percent in 1997. This rate has increased in each of the past
several years, reflecting, in part, the increasing share of applications for conventional loans filed by lower
income applicants.
In recent years, a growing share of the applications reported under HMDA has been filed with lenders that
specialize in manufactured housing and subprime lending (table 3 ). In 1997, the lenders of these types that
report under HMDA denied 56 percent of all applications they received for conventional home purchase loans,
compared with 12 percent for other lenders (table 4).

1.

Residential lending activity reported by financial institutions covered by H M D A , 1 9 8 1 -9 7
Year

N u m b er o f lo a n s 1
(m illion s)

N u m b er o f rep orting
in stitu tion s

1981 ..............................

1.28

8.094

10,945

1982 ..............................

1.13

8,258

11,357

1983 ..............................

1.71

8,050

10,970

1984 ..............................

1.86

8,491

11,799

1985 ..............................

1.98

8,072

12,567

1986 ..............................

2.83

8,898

12,329

1987 ..............................

3.42

9,431

13,033

1988 ..............................

3.39

9,319

13,919

1989 ..............................

3.13

9,203

14,154

19902 ...........................

6.59

9,332

24,041

1991 ..............................

7.89

9,358

2 5,9 3 4

1992 ..............................

12.01

9,073

28,7 8 2

1993 ..............................

15.38

9,650

3 5 ,069

1994 .............................

12.20

9,858

3 7,742

1995 ..............................

11.23

9,539

36,611

1996 .............................

14.81

9,328

4 2 ,9 3 6

19973 ...........................

16.41

7,925

4 7 ,4 1 6

N u m b e r o f M SA
d isc lo su r e rep orts

1. Before 1990, includes only loans originated by. covered institutions; beginning in 1990 (first year under the
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.
2. Revised from preliminary figures published in Glenn B. C anner and Dolores S. Smith, “ H om e M ortgage
Disclosure Act: E xpanded Data on Residential Lending," F ed era l R eserve B ulletin, vol. 77 (N o v e m b e r 1991),
p. 861, to reflect corrections and the reporting of additional data.
3. First year since H M D A was enacted that the asset exem ption threshold for coverage o f depository institutions
was increased to account for the effects o f inflation.
SOURCE. FFIEC, H om e M ortgage Disclosure Act data.

5

2.

Continued
Home purchase

C haracteristic
N um ber

Percent

Mem o:
Percentage o f home purchase
loans fo r given characteristic

Home refinancing

Conventional

G overnm ent-backed1

N um ber

Percent

M em o:
Percentage o f home purchase
loans fo r given characteristic

N um ber

Percent

Home Improvement

N um ber

Percent

In tiim f1
22,503

2.2

24.3

70.213

18

75 7

149.058

3.5

76.110

4.3

.........................

163.582

16.3

25.2

484,305

12.4

74.8

663.825

15.4

326,022

18 6

M id d le ......................................

574.138

57.3

22 8

1.948.314

49 9

77.2

2.215,296

51.3

912.269

52 0

U p p e r........................................

242.239

24.2

14.8

1.398.913

35 9

85.2

1.292.333

29.9

438.680

25.0

Total ....................................

1.002.462

20.4

3,901,745

79.6

4.320,512

Low ..........................................
Moderate

100

100

100

1.753.081

100

U nulitm 4 .
Central c i t y ................................

458.445

45 2

22.9

1.542.713

38.8

77.1

1.777.710

40.5

Non-cemral c i t y .......................

556,111

54 8

18.6

2.428,868

61.2

814

2,610,154

595

Total ....................................

1.014.556

20.3

3,971.581

79 7

4,387.864

too

100

100

792.018
993.062
1.785.080

44.4
556
100

NOTE. Lenders reported 14,330,133 applications for home loans in 1997, but applicant and geographic information was not reported for all applications. Thus, the distribution
of applications varies in number by characteristic.
1.

Loans backed by the Federal Housing Administration, the Department of Veterans Affairs, or the Farmers Home Administration.

2.

MSA median is median family income of the metropolitan statistical area (MSA) in which the property related to the loan is located.

3. 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 denned as follows: Low income, median family income for census tract less than 50 percent of median family income for MSA; M oderate income,
median family income for census tract 50 percent to 79 percent of MSA median; Middle income, median family income 80 percent to 119 percent of MSA median; Upper
income, median family income 120 percent or more of MSA median.
4.

For census tracts located in MS As.

SOURCE. FFIEC, Home Mortgage Disclosure Act.

4.

Denial rates for conventional hom e purchase loan applicants by type o f lender and by
applicant racial or ethnic group, 1 9 9 3 -9 7 1
Percent

Year
Applicant racial or ethnic group

1993

1994

1995

1996

1997

M anufactured h<)mc and s ubprim e lenders
51.2

54.8

58.9

64.1

65.6

24.9

27.0

32.9

32.2

27.5

56.4

56.7

61.0

67.2

68.6

47.7

52.1

57.0

58.9

59.9

41.6

44.7

48.8

52.8

54.2

43.4

46.3

50.6

55.1

56.0

Non-siibprim c 1endcrs
19.2

17.2

17.9

21.0

20.2

14.2

II.1

10.7

11.9

1 1.0

24.7

21.1

21.6

23.0

23.3

21.3

17.6

17.3

19.0

18.8

10.8

9.5

9.7

10.5

10.2

12.5

11.2

11.3

12.2

12.0

I . Figures differ some from previously published num bers as a result of recategorization o f a few lenders into
the manufactured home and subprim c category Irom the non-subprim c category

SOU RC E. FFIEC, Home M ortgage Disclosure Ac».

9

6.

D is p o s i tio n o f c o n v e n t i o n a l h o m e p u r c h a s e lo a n a p p l i c a t i o n s , by i n c o m e a n d r a c e o f a p p l i c a n t . 1997
Percent distribution, by number o f applications
A p p lic a n t in c o m c a n d r a c ia l o r eth n ic
group1

T ype o f d isposition
A pproved

D enied

W ithd raw n

File closed

Total

A m erican Indian/Alaskan Native

38.2

55 1

5.2

1.6

100

Asian/Pacific Islander .....................................

65 4

23.5

84

2.7

100

Black

....................................................................

369

57.2

4.5

1.5

100

H i s p a n i c ...............................................................

45.7

48.1

49

1.3

100

W hite ....................................................................

48.8

46.3

4.1

.9

100

A merican Indian/Alaskan N a t i v e .................

509

43.2

49

1.1

100

Asian/Pacific Islander .....................................

76.9

14.3

7.2

1.6

100

Black ....................................................................

46.8

45.6

59

1.7

100

H i s p a n i c ...............................................................

55.4

37.6

5.7

1.2

100

65 0

29.4 '

4.8

.8

100

American Indian/Alaskan Native

57.4

34.4

6.5

1.7

100

Asian/Pacific Islander ..................................

79.4

11.6

7.4

1.6

100

B l a c k ....................................................................

53.6

37.4

7 1

2.0

100

H i s p a n i c ...............................................................

61.3

30 7

6 5

1.5

100

W h i t e .............................................................

73 6

20.1

5.4

.9

100

American Indian/Alaskan N a t i v e .................

61.9

29.8

7.8

.4

100

Asian/Pacific Islander ....................................

80.4

10 1

7.9

1.6

100

Black ....................................................................

59.0

31.0

7.9

2.1

100

H i s p a n i c ...............................................................

65.4

25.4

7.6

1.6

100

White ....................................................................

78.6

14.8

5.6

1.0

100

American Indian/Alaskan N a t i v e .................

71.6

17.4

9.4

1.6

100

Asian/Pacific Islander ..................................

81.0

9 9

7.6

1.5

100

Black

....................................................................

67.6

21.7

8.5

2.2

100

H i s p a n i c ...............................................................

71.7

17.9

8.6

1.9

100

White ....................................................................

84.2

8 8

6.0

1.0

100

L ess th a n 50

5 0 -7 9

White ....................................................................
8 0 -9 9

100-119

120 o r m o re

I. Applicant incomc shown as pcrccntagc of the median family incomc o f the metropolitan statistical area in
which the property related to the loan is located.
SOURCE

FFIEC. H om e Mortgage Disclosure Act data.

11

7. (continued)

Number o f loans

i

Borrower and
censui iraci
characteristic

Percentage change

Year

Period
1994'

1996'

1997'

1991­
1992

1992­
1993'

1993­
1994'

1994­
1995'

1995­
1996'

1996­
1997'

Percentage
change
1993-97'

1990

1991

1992

Less lhan It)

801.861

839,450

855.219

1.077,879

1,197.432

1.153.284

1.321.350

1.362.339

47

19

26.0

III

-3.7

14 6

3.1

26.4

KM 9

213.818

209.697

310.563

386.443

460.110

437.355

510.044

548.938

-1 9

48 1

24 4

19.1

-4.9

16.6

76

42 0

2(W 9

154.575

142.344

225.275

272,690

337.292

322.835

370.646

398,713

-7.9

58 3

21.0

23.7

-4.3

14 8

76

46.2

50-79

51.280

42.189

68.144

81,628

101.817

98.145

105.828

113.049

-17.7

61.5

19.8

24.7

-3 6

78

68

38.5

30.589

23.838

36,937

43.263

56.329

56.545

55.981

59,347

-22.1

55.0

17.1

30.2

.4

-1 .0

60

37.2

133.554

116.545

152.137

185.014

224,434

232,659

255.204

268.463

-1 2 7

30.5

21.6

21.3

3.7

9.7

5.2

45 1

Middle-' ...............

703.125

695.472

725,069

897.645

1,053.155

1.010,219

1.145.439

1.185.276

-1.1

4.3

23.8

17.3

-i 1

13 4

3.5

320

Upper’ ..............

415.444

445,501

618.932

783,695

877,527

827,855

966.599

1.030,747

7.2

38 9

26.6

12 0

-5.7

16.8

66

31.5

19931

1995'

1990­
1991

Census Tract

Racial cnmpnsititm
(minorities as ii
percentage o f
pnpultthnil)

SO-100

.................

........

Income o f census
tract
I Low or moderate

1. Includes loans reported by independent mortgage companies, which were not covered before 1993.
2. MSA median is median family income o f the metropolitan statistical area in which the property related to the loan is located.
3. Census tracts are categorized by the median family income for the tract relative to the median incomc for the metropolitan statistical area (M SA) 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 incomc for MSA; middle income, median family income for census tract 80 percent to 119 percent of
MSA median; upper income, median family income 120 percent or more o f MSA median.
SOURCE. FFIEC, Home Mortgage Disclosure Act.

8.

(continued)

Number o f loans
Borrower and
census tract
characteristic

Percentage change

Year

Period
1990­
1991

1991­
1992

Memo;
Percentage
change
1993-97'

1992­
1993'

1993­
1994'

1994­
1995'

1995­
1996'

1996­
1997'

-248

42 9

•13.5

-.!

205

52

25.8

44 5

-9.2

22

18.4

1.5

11.5

6.5

56 5

53.6

•2.2

17

18.5

2.9

21.3

61,929

7.6

58.5

64.0

-.5

4.7

19.4

7.5

33 8

43.993

6.4

14.9

63.9

3.0

16.6

20.9

11.6

62.1

1990

1991

1992

1993'

1994'

1995'

1996'

1997'

Less than 1 0 ........

255.749

265.248

199.489

285.148

246.603

246.410

297.036

312,574

3.7

10-19 ...................

82.494

90.185

113.448

163.988

148.902

152.157

180.104

182,787

93

2 0 - 4 9 ...........

63.733

67.901

106.295

163.230

159.599

162.391

192.504

197,994

50-79 ...................

16.543

17.808

28.234

46.295

46,085

48.272

57.631

80-100 .................

13.552

14.414

16.555

27.138

27.943

32,580

39,405

Census Tract

Uncial composition
(minorities us a
percentage of
population)
0.6

Income o f census
trad
57.195

58.539

73.467

107.348

100.613

110.075

133.729

142.008

23

25.5

46.1

•63

9.4

21 5

62

32 3

Middle3.................

276.704

289.973

271.815

405.250

375.626

376,620

447.372

467.774

4.8

-6.3

49.1

•7.3

.3

18.8

4.6

15.4

Upper5 .................

98.172

107.044

118.739

178.137

158,462

161,753

193.611

198.742

9.0

10.9

50.0

•11.0

2.1

197

2.7

116

Low or moderate .

1. Includes loans reported by independent mortgage companies, which were not covered before 1993.
2. MSA median is median family income o f the metropolitan statistical area in which the property related to the loan is located.
3. Census tracts are categorized by the median family income for the tract relative to the median income for the metropolitan statistical area (M SA) in which the tract is located. Categories are defined as
follows: low or moderate, median family income for census tract less than 80 percent o f median family income for MSA; middle income, median fam ily income for census tract 80 percent to 119 percent of
MSA median; upper income, median family income 120 percent or more o f MSA median.
SOURCE. FFIEC. Home Mortgage Disclosure Act.

9. (continued)
Number o f loans

Percentage change

Year

Period

Borrower
1990

1991

1992

I9932

19942

I9952

I9962

I9972

1990­
1991

1991­
1992

1992­
19932

1993I9942

Memo:

1994­
19952

1995I9962

1996­
19972

Percentage
change
I99 3-9 72

Census Tr»ct

Racial composition
(minorities as a
percentage o f
papulation)
Less than 1 0 ........

1.057.610

1,104.698

1,054,708

1,363.027

1.444.035

1.399,694

1.618,386

1.674,913

4.5

4.5

29.2

5.9

-3.1

15.6

3.5

22.9

10-19 ...................

296.312

299,882

424.011

550,431

609.012

589.512

690.148

731.725

1.2

41.4

29.8

10.6

-3.2

17.1

6.0

32.9

20-49 ...................

218.308

210.245

331.570

435.920

496.891

485.225

563.150

596.707

-3.7

57 7

31.5

14.0

-2.3

16.1

6.0

36.9

50-79 ...................

67.823

59.997

96,378

127,923

147.902

146.416

163,459

174.978

-11.5

60.6

32.7

15.6

-1 .0

11.6

7.0

36.8

80-100 .................

44.141

38,252

53.492

70,401

84,272

89,124

95.386

103.340

-13.3

39.8

31.6

19.7

5.8

7.0

8.3

46.8

Low or moderate

190.749

175.084

225.604

292,362

325.047

342.731

388.933

410.471

-8 2

28 9

296

112

5.4

13.5

55

404

Middle4

979.829

985.445

996,884

1.302.895

1,428.781

1.386.839

1.592.811

1.653.050

.6

1.2

30.7

9.7

-2 9

14 9

38

26.9

Upper1 ................

513.616

552.545

737.671

961,832

1,035,989

989.608

1,160,210

1,229.489

7.6

33.5

30.4

7.7

-4.5

17.2

60

27.8

Income o f census
trad

1. Includes both conventional and government-backed home purchase loans.
2. Includes loans reported by independent mortgage companies, which were not covered before 1993.
3. MSA median is median family income o f the metropolitan statistical area in which the property related to the loan is located.
4. Census tracts are categorized by the median family income for the tract relative to the median income for the metropolitan statistical area (M SA) in which the tract is located. Categories are defined as
follows: low or moderate, median family income for census tract less than 80 percent o f median family income for MSA; middle income, median family income for census tract 80 percent to 119 percent of
MSA median; upper income, median family income 120 percent or more o f MSA median.
SOURCE. FFIEC, Home Mortgage Disclosure Act.

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FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
HMDA/CRA DATA ORDER FORM
(HM DA HARDCOPY ITEMS)
FFIEC AND FRB USE ONLY

FFIEC Control Number:

SELECTION LIST
There is an additional charge for each year/M SA/institution requested (see
attached item descriptions)

QTY

UNIT
COST

TOTAL

MSA M edian Family Income Listing (Item #004)
NC
Indicate HMDA vear(s):

.

Note: 1996 and years thereafter include non-metro area median family incomes
by state.
Counties Located in Non-M etro Areas Listing (Item #004a)
NC
Indicate HMDA vearf s):

.

Note: Not available for years prior to 1996. Includes county FIPS codes.
National Aggregate Reports (Item #005)
$ 50.00
D ataTvpe (seepaee 10): FFIEC
Indicate HMDA vearf s):

$ 50.00

$

$ 45.00
or
$ 75.00

$

.

MSA by M SA Report on the Disposition of Applications
by Race and Income of Each Applicant (Item #006)
D ataTvpe (seepaee 10): FFIEC
Indicate HMDA vearf s):

$

. MICA

. MICA
.

Reporter Directory (Item #007)
Indicate HMDA vearfs):

.

Indicate MSA Name and Number:
MSA Name:

MSA Number: / / / / /

MSA Name:

MSA Number: / / / / /

MSA Name:

MSA Number: / / / / /

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

FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
HMDA/CRA DATA ORDER FORM
(HMDA ELECTRONIC ITEMS)
FFIEC ANI) FRB USE ONLY

FFIEC Control Number: _ _ _ _ _

SELECTION LIST
There is an additional charge for each year/M SA/institution requested (see
attached item descriptions)

Data Tvpe (see page 10): FFIEC

. MICA

Aggregate Report (Item #101)
Indicate HMDA vearfs)
.

QTY

UNIT
COST

$500.00
(reel or
cartridge)

TOTAL

$

.

.

____ Reporter Panel (Item #103)*
Indicate HMDA vear^s)
.

$500.00
(reel or
cartridge)
OR $50.00
(CD-ROM only)

.

LAR & TS Raw Data (Item #102)
Indicate HMDA vearfs)
.

$150.00
(reel or
cartridge)

Select:
_ Reel (6250 bpi) in _ _ EBCDIC OR _ ASCII
O R __Cartridge
OR _ CD-ROM (LAR & TS Raw Data Only)**
*Included on the LAR & TS Raw Data and MSA Aggregate Reports & Disclosure
Statements CD-ROMs for 1997 data and years thereafter.
**Not available for years prior to 1992.
Census Data (Item #104)
Indicate HMDA vear(s):

$250.00
.

.

.

Select:
_ Reel (6250 bpi) in _ EBCDIC OR __ ASCII
O R __Cartridge
Note: 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.
1996 census data combine HMDA and CRA information; therefore, file
specifications are significantly different than prior years. The 1996 tape
and years thereafter include census tracts and BNAs inside and outside of
MS As. Years prior to 1996 include only census tracts within MS As.

$

FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
HMDA/CRA DATA ORDER FORM
(HM DA PREPARATION ITEMS)
FFIEC AND FRB USE ONLY

FFIEC Control Number: _________

. ...............................................
SELECTION LIST
There is an additional charge for each year, M SA/Non-M SA, and/or institution
requested (see attached item descriptions)

A Guide to HM DA Reporting: Getting it Right (Item #010)
Indicate vearfsi:

QTY

UNIT
COST

TOTAL

$ 5 .0 0

$

GRA ND TOTAL

$

.

*This guide was developed to assist those who prepare the HMDA report. See
the "Item Descriptions" for more information.

FEDERAL FINANCIAL INSTITUTIONS EXAM INATION COUNCIL
HMDA DATA ORDER FORM
ITEM DESCRIPTIONS

•

Unless otherwise specified, reports using HMDA data are available beginning with 1990. HMDA data generally become available by
August of the year following the reporting year, and data through calendar year 1997 are now available. Reports using census data
and the HUD Median Family Income Listings become available earlier in the year. Please refer to the HMDA Assistance Line at
(202) 452-2016, email at HMDAHELP@FRB.GOV, or Internet at www.fSec.gov/hmda for the latest release o f these reports.

•

There is an additional charge for each year, MSA, and/or institution requested.

•

Charges for duplicate requests apply.

The FFIEC has entered into an agreement with the Mortgage Insurance Companies o f America (MICA) to compile data on
mortgage insurance applications for the nation's eight private mortgage insurance companies. These data are available
beginning with data for the fourth quarter o f calendar year 1993 and for calendar years 1994 through 1996. The FFIEC makes
the data available in formats similar to those for the HMDA data. The following items are available for MICA data: Disclosure
Statements (Item #001); Aggregate Reports (Item #002); the National Aggregate Report (Item #005); MSA by MSA Report on
the Disposition of Applications by Race and Income of Each Applicant (Item #006); LAR & TS Raw Data (Item # 102);
Expected Reporter Panel (Item #103); and MSA Aggregate Reports and Disclosure Statements on CD-ROM (Item #302).
Because 1993 MICA data cover only the fourth quarter, the charge for the LAR & TS Raw Data (Item #102) is $125.
Subsequent years' data are collected annually, and therefore, charges do not differ from the FFIEC data. Items other than the
LAR & TS Raw Data do not have a reduced price for the 1993 reporting year. When ordering items, be sure to specify the data
type. The FFIEC data include those institutions required to report HMDA under Regulation C, and the MICA data include those
eight mortgage insurers reporting HMDA data as agreed upon with the FFIEC.

Aggregate Report: The Aggregate Reports of MS As, sorted by MSA, are distributed as either hardcopy or on tape. Printed reports of
MS As range from 30 to 604 pages each, and average about 60 pages. For years prior to 1996, this report aggregates the mortgage and
home improvement lending information within an MSA, where an institution has a home or branch office in that MSA. For 1996 and years
thereafter, this report aggregates the mortgage and home improvement lending information within an MSA, regardless of whether the
institution has a home or branch office in that MSA. It is in the same format as the disclosure statements; however, individual institution’s
data cannot be identified. Tape distribution is used in lieu of hardcopy as a convenience to those sites that can print the tape locally. This
is a print image tape; therefore, the data cannot be manipulated.
For hardcopy distribution, enter the MSA number for each MSA desired on the report in the space provided on the form. If additional
space is required, use the back of the form. The charge for hardcopy distribution is $50.00 for each MSA requested. (Item #002)
For tape distribution, all MSAs are included on the tape. Also, a listing is provided that shows the relative position and number of
pages for each MSA on the tape. Data are in EBCDIC and formatted as follows: record length = 166; block size = 24,900; and record
format = fixed block. Printing these records requires a printer featured for 166 character output. The charge for tape distribution is
$500.00. (Item #101)
The hardcopy Aggregate item is also available for MICA data. These data are not available prior to 1993 (see above).
A Guide to HMDA Reporting: Getting it R ight: The guide was developed to assist those who prepare the HMDA report for their
institutions, and also contains an executive summary for management officials that explains the responsibilities of institutions that are
subject to HMDA. The 1998 version is a comprehensive edition for use beginning with the 1998 calendar year data (due March 1,1999).
It provides a summary of responsibilities and requirements, directions for assembling the necessary tools, and step-by-step instructions for
reporting HMDA data. It includes information about obtaining data from the Bureau of the Census, and contains a listing of MSA, state,
and county codes. Appendices include Regulation C: the Instructions for Completion of the HMDA-LAR; Form and Instructions for Data
Collection on Race or National Origin and Sex; and the Staff Commentary on Regulation C. (Item #010)

•

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.

These LAR and TS files are also available for MICA data beginning with the fourth quarter of 1993. The 1993 MICA data are available at
a cost of $125 and are only available on reel or cartridge (see page 10).
MSA Aggregate Reports and Disclosure Statements on CD-ROM : The MSA Aggregate Reports and individual lender Disclosure
Statements for each MSA are available on CD-ROM at a cost of $150.00 for the entire nation. (Item #302)
The HMDA MSA Aggregate Reports and Disclosure Statements Software System moved from a DOS-based to a Windowsbased application as of 1996. The Software allows the user to search by MSA, an institution’s individual disclosure statement, or a
specific table on the MSA aggregate report. For 1997 and years thereafter, the Reporter Panel (Item #103) is included on the
CD-ROM. Printing these records requires a printer featured for 166 character output.
The MSA Aggregate Reports and Disclosure Statements on CD-ROM are also available for MICA data. These data are not available prior
to 1994 (see page 10).
MSA by MSA Report on the Disposition of Applications by Race and Income o f Each Applicant: This report contains one table for
each of the MS As. For years prior to 1996, the report provides the number and percentage of applications denied by the race and income
of the applicants within the MSA, where an institution has a home or branch office in that MSA. For 1996 and years thereafter, it provides
the number and percentage o f applications denied by the race and income of the applicants within the MSA, regardless o f whether the
institution has a home or branch office in that MSA. The report is available in hardcopy only at a cost of $50.00. (Item #006)
These reports are also available for MICA data. These data are not available prior to 1994 (see page 10).
MSA M edian Family Income Listing: The listing shows "MSA Median Family Incomes for 19xx HMDA Reports" where xx is the
HMDA year (i.e., 1990,1991, etc.). If a 1990 listing is selected, there is an adjustment factor of 1.6424 applied to the 1980 Median
Family Income column for each MSA to arrive at the Inflation Adjusted 1980 Median Family Income column. For 1991 and subsequent
listings, the median family income of the MSA is based on estimates developed annually by the Department of Housing and Urban
Development (HUD). The figure for the MSA is the HUD estimate for the fiscal year that corresponds to the year for which the
loan/application data are reported. For 1996 and years thereafter, the listing includes median family incomes for non-metro areas by state.
This information is calculated by taking the median family incomes of all census tracts and BNAs by state outside o f the MSA boundaries.
The listing is distributed free of charge. (Item #004)
National Aggregate Reports: These reports are a nationwide summation o f the individual MSA Aggregate Reports. They indicate the
number and dollar amounts of lending, cross tabulated by loan, applicant, and geographic characteristics. The reports are available in
hardcopy only at a cost of $50.00. (Item #005)
The National Aggregate Reports are also available for MICA data. These data are not available prior to 1993 (see page 10).
Reporter Directory: The Reporter Directory is a hardcopy of all HMDA reporters within a specified MSA, sorted by name of reporter
and then by state and county codes. This report provides the following information:
•

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

•

For each state and county in which an institution has activity
—
—
—
—
—
—

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

The charge for non-profit organizations is $45 per requested MSA and $75 per MSA for all others. (Item #007)

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