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Federal Reserve Bank
of
Dallas
R O B ERT D. M cTE ER , JR.
DALLAS, TEXAS
PR ESID ENT
75265-590 6
AN D C H IE F E X E C U T I V E O F F I C E R
September 22, 1998
Notice 98-86
TO: The Chief Executive Officer of each
financial institution and others concerned
in the Eleventh Federal Reserve District
SUBJECT
Availability of Data on Small Business,
Small Farm, and Community
Development Lending
DETAILS
The Federal Financial Institutions Examination Council (FFIEC) has announced the
availability of data on small business, small farm, and community development lending reported
by commercial banks and savings associations subject to the Community Reinvestment Act.
These institutions include independent commercial banks and savings associations with total
assets of $250 million or more and institutions of any size if owned by a holding company with
assets of $1 billion or more.
The FFIEC has distributed aggregate disclosure statements to central depositories
throughout the nation, where they are available for public inspection. Following that distribu
tion, the FFIEC determined that a reporting error by one institution caused the number of com
munity development loans as presented in the aggregate table to be overstated materially. Table
5 reflects the correction of this error.
ATTACHMENTS
The FFIEC’s press release, fact sheet, and order form describing the various reports
and formats available are attached.
For additional copies, bankers and others are encouraged to use one of 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 by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
-2-
MORE INFORMATION
For more information, please contact Jim Foster at (214) 922-5280. For additional
copies of this Bank’s notice, contact the Public Affairs Department at (214) 922-5254.
Sincerely yours,
-fr FFIEC
Federal Financial Institutions Examination Council
For Immediate Release
Press Release
August 24, 1998
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on
small business, small farm, and community development lending reported by commercial banks and savings
associations (including savings banks and savings and loan associations) pursuant to the Community
Reinvestment Act (CRA).
As revised in 1995, the regulations that implement the CRA generally require the reporting of data on these
types of lending by independent commercial banks and savings associations having total assets of $250
million or more, and by commercial banks and savings associations of any size if owned by a holding
company having assets of $1 billion or more. Analysis of Call Report data indicates that reporting institutions
account for about two-thirds of the small business loans and one-fifth of the small farm loans extended by all
commercial banks and savings associations.
From the data reported, the FFIEC prepares a disclosure statement, in electronic form, for each reporting
commercial bank and savings association. The FFIEC also prepares an aggregate disclosure statement for
each of the metropolitan statistical areas and each of the nonmetropolitan counties in the United States and
Puerto Rico.
The 1997 data reflect originations and purchases of small business and small farm loans from 1,896
institutions, including 1,421 commercial banks and 475 savings associations. (See attached fact sheet and
related tables.) A total of 2.6 million small business loans, totaling $159 billion, and 213,000 small farm loans,
totaling $11 billion, were reported for 1997. Measured by number of loans, 50 percent of the reported small
business loans and 90 percent of small farm loans were extended to borrowers with revenues of $1 million or
less. For small business loans, this proportion has decreased 6 percentage points from the 56 percent
reported in 1996. The vast majority (about 87 percent, by number of loans) of small business and small farm
loans were for amounts under $100,000. Small business loans are heavily concentrated in central city and
suburban areas, as are both the U.S. population and U.S. businesses. The variation in small business lending
among census tracts grouped into income categories generally parallels the distribution of the population and
businesses among these categories. Reporting institutions that have assets of more than $750 million (594 of
the 1,896 institutions reporting) extend a greater number of small business loans in lower income areas than
do other institutions. Most small farm loans are made in rural areas regardless of income.
For 1997, commercial banks and savings associations reported community development lending that totaled
nearly $19 billion. Compared with small business and small farm lending, the typical community development
loan was relatively large ($745,000).
A community development loan has as its primary purpose affordable housing for low- or moderate-income
individuals, community services targeted to these individuals, activities that promote economic development
by financing small businesses and small farms, and activities that revitalize or stabilize low- or
moderate-income geographies. In general, a community development loan has not been reported for CRA
purposes as a consumer, home-mortgage, small business, or small farm loan (except for a multifamily dwelling
loan reported under the Home Mortgage Disclosure Act (HMDA)).
The FFIEC has distributed aggregate disclosure statements to central depositories throughout the nation,
where they are available for public inspection. Following that distribution, the FFIEC determined that a
reporting error by one institution caused the number of community development loans as presented in the
aggregate table to be overstated materially. Table 5, attached to this release, reflects the correction of this
error.
An order form for CRA items, with descriptions of the various reports and formats available, is attached to this
release. An order form for other data available from the FFIEC (including data on home mortgage loans,
reported under HMDA), and the location of the central depositories can be found at the FFIEC Web site
(www.ffiec.aov).
Findings from Analysis of Nationwide Summary Statistics
for 1997 Community Reinvestment Act Data
Fact Sheet (August 1998)
The following analyses of nationwide summary statistics are based on data compiled by the Federal Financial Institutions
Examination Council (FFIEC) for institutions reporting pursuant to the Community Reinvestment Act (CRA).
Background
The CRA is intended to encourage federally insured commercial banks and savings associations to help meet the credit
needs of the local communities in which they are chartered. The 1995 revisions to the CRA regulations require larger
commercial banks and savings associations to report data on their small business, small farm, and community development
lending. The institutions subject to these requirements generally include independent institutions with total assets of $250
million or more, and institutions of any size if owned by a holding company that has assets of $1 billion or more. Analysis of
Call Report data on small business and small farm loans outstanding indicates that lenders reporting under the CRA
account for about two-thirds of the small business loans and one-fifth of the small farm loans extended by all commercial
banks and savings associations. The small business and small farm lending data, when coupled with information reported
about the geographic locations that constitute each reporting institution’s local CRA service area(s), make it possible to
better assess the performance of reporting institutions under the CRA lending test. The small business and small farm lending data reported under the CRA regulations are more limited in scope than data
reported on home lending under the Home Mortgage Disclosure Act (HMDA). In particular, the CRA data include information
only on loans originated or purchased, not on applications that are turned down or withdrawn by the customer. Unlike
HMDA data, the CRA data do not include information about applicant income, gender, or racial or ethnic background,
although the CRA data do indicate whether a loan is extended to a borrower having revenues of $1 million or less. Finally
the CRA data are not reported application-by-application, as HMDA data are, but rather are aggregated into three loan-size
categories and then are reported at the census tract level.
CRA data furnish a valuable tool for many different types of analyses. At the same time, the analysis of CRA data poses
challenges-for example, while CRA data provide information on extensions of credit in an area, they do not indicate the
amount or nature of the overall demand for credit there. Accordingly, conclusions drawn from analyses using only CRA data
should be made with caution, as differences in local loan volumes may reflect differences in local demands, among other
things.
General Description of the 1997 CRA Data
As shown in table 1. 1,896 lenders reported data on small business and small farm lending in 1997, including 1,421
commercial banks and 475 savings associations. Most of the reporting institutions (75 percent) had assets under $1 billion,
including 22 percent that had assets under $250 million (derived from table 3). (As indicated above, independent institutions
with assets under $250 million are not required to report these data.) Compared with 1996 (the first year the data were
reported), the number of reporters is down about 10 percent.
A total of 2,560,795 small business loans, totaling $159 billion, and 212,822 small farm loans, totaling $11.2 billion, were
reported for 1997. Reported loans include both originations during 1997 and purchases of loans during the year. Unlike
mortgage lending, a well-developed secondary market for small business loans does not exist, and the CRA data reflect
this. - Most reported small business and small farm loans were originations; only about 2 percent of small business loans
and less than 1 percent of small farm loans were reported as purchases from another institution (derived from table 2).
The CRA data provide information about the size of small business and small farm loans. In the case of small business
loans, the maximum loan size reported is $1 million; for small farm loans the maximum is $500,000. The average small
business loan was for about $62,000, and the average small farm loan was for about $53,000 (derived from table 2).
Measured by number of loans, 87 percent of the small business loans and 86 percent of the small farm loans were for
amounts under $100,000 (table 2). Measured by dollars the distribution differs: only 29 percent of the small business loans
and 42 percent of the small farm loans fell in the under-$100,000 loan size category.
The CRA data also include information on how many of the reported loans were extended to borrowers having gross annual
revenues of $1 million or less. Such borrowers fall within generally accepted definitions of a small business, although many
somewhat larger borrowers also are often categorized as being a small business or small farm. For 1997, 50 percent of the
reported small business loans and 90 percent of the small farm loans (measured by number of loans) were extended to
borrowers having revenues of $1 million or less. The data show that, on average, loans to borrowers having revenues under
$1 million are smaller than loans to larger borrowers. For example, the average small business loan to these small
borrowers is about $52,000, while the average loan amount to larger borrowers is $72,000 (derived from table 2).
The vast majority of the reported loans (about 97 percent measured by number of loans) were either originated or
purchased by commercial banks (data not shown in tables). This preponderance of commercial banks in small business
lending is consistent with data provided by other sources, including the 1987 and 1993 National Surveys of Small Business
Finances, which show that commercial banks are the preponderant source of credit for small businesses.Although a minority in number, larger commercial banks and savings associations (those with assets of $1 billion or more)
originated or purchased about three-quarters of the small business loans (table 3). No significant differences between
commercial banks and savings associations were observed in this regard, as larger institutions did the majority of small
business lending within their institutional categories. The overall pattern differs for small farm loans, where larger institutions
accounted for about half of the loans.
The Geographic Distribution of Small Business and Small Farm Lending
The availability of information about the geographic location of businesses and farms receiving credit provides an
opportunity to examine the distribution of small business and small farm lending across areas grouped by their
socio-demographic and economic characteristics. Because the CRA data do not include the lending of all commercial banks
and savings associations, the data do not fully represent all small business and small farm lending by these types of
institutions. Nonetheless, reporting institutions account for a significant portion of small business lending. CRA performance
assessments generally include an analysis of the distribution of small business and small farms loans (of all types) across
census tracts grouped into four neighborhood income categories: low, moderate, middle, and upper income. - Overall, the
distribution of the number and the dollar amounts of small business loans across these categories parallels the distribution
of population and businesses across these four income groups (tables 4J. and 4J>). For example, low-income areas include
about 4.9 percent of the population and 5.6 percent of the businesses and received 4.6 percent of the number and 5.4
percent of the total dollar amount of originated small business loans. Some differences are observed in areas with higher
incomes, but the total amount of lending to middle- and upper-income neighborhoods nearly equals their share of the
population. These relationships mirror those observed in the 1996 data.
Small business loans are heavily concentrated in central city and suburban areas (about 81 percent of all small business
loans), as are the bulk of the U.S. population and businesses. In contrast, most small farm loans are in rural areas (about 70
percent, tables 4^3 and 4 A). In lower-income areas, most small business loans occur in central city census tracts; in
higher-income areas, more small business loans are in suburban areas. This income-urbanization pattern is not generally
observed for small farm loans, however. Most small farm loans are made in rural areas regardless of income.
Community Development Lending
In addition to information about small business and small farm lending, institutions covered by the CRA data reporting
requirements also disclose the number and dollar amount of their community development lending. For 1997, 24,913
community development loans totaling $18.6 billion were reported (table 5). On average, community development loans are
larger ($745,000) than the typical small business loan ($62,000) reported in the CRA data. Large lenders extended the bulk
of community development loans measured by dollars, rather than by the number of loans (table 5).
A community development loan has as its primary purpose affordable housing for low- or moderate-income individuals,
community services targeted to these individuals, activities that promote economic development by financing small
businesses and small farms, and activities that revitalize or stabilize low- or moderate-income geographies. In general, a
community development loan has not been reported for CRA purposes as a consumer, home-mortgage, small business, or
small farm loan (except for a multifamily dwelling loan reported under HMDA).
Footnotes
1. In general, the regulations that implement the CRA specify three performance tests for institutions: a lending test, an investment test, and a service test.
2. The one exception is for small business loans guaranteed by the Small Business Administration. See "Report to the Congress on Markets for Small Business and
Commercial Mortgage Related Securities,” Board of Governors of the Federal Reserve System and the U.S. Securities and Exchange Commission (September 1996).
3. See Rebel A. Cole, John D. Wolken, and R. Louise Woodbum, "Bank and Nonbank Competition for Small Business Credit: Evidence from the 1987 and 1993
National Surveys of Small Business Finances,” Federal Reserve Bulletin (November 1996), vol. 82. no. 11. pp. 983-995.
4. In general, for purposes of the regulations, a low-income census tract has a median family income less than 50 percent of the median family income of the surrounding
m e t r o p o l i t a n statistical area (MSA) or, if the census tract is located outside an MSA, the nonmetropolitan portions of the state; a moderate income tract, 50 percent to less
than 80 percent; a middle income tract, 80 percent to less than 120 percent; and an upper income tract, 120 percent or more.
1. Sm all loans to businesses and farms, 1996-97
Year
Item
Total business loans
n u m b e r .................................................................................
dollar (thousands of dollars) ...........................................
Percent to small firms1
by number ..........................................................................
by d o l la r s ............................................................................
Total farm loans
n u m b e r .................................................................................
dollar (thousands of dollars) ...........................................
Percent to small farms1
by n u m b e r ..........................................................................
1996
1997
2,424,966
149,718,193
2,560,795
159,401,302
55.9
50.0
43.1
42.1
217,356
10,480,989
212,822
11,192,400
88.4
89.5
by d o l la r s ............................................................................
81.4
81.3
Activity of CRA reporters as a percentage of2
All small loans to businesses
by number of loans ..........................................................
by amount of loans ..........................................................
64.6
65.9
67.9
66.2
All small loans to farms
by number of loans ..........................................................
21.6
22.2
by amount of loans ..........................................................
27.5
27.8
Distribution of business loans by asset size of lender
by number of loans (percent)
less than 100 .................................................................
100 to 249 .....................................................................
250 to 999 .....................................................................
1,000 or more ..............................................................
3.7
19.7
16.1
60.6
1.2
6.5
15.7
76.6
Total .........................................................................
by amount of loans (percent)
less than 100 ................................................................
100 to 249 .....................................................................
250 to 999 .....................................................................
1,000 or more ..............................................................
Total .........................................................................
100
1.6
5.7
22.4
70.3
100
100
1.4
3.5
20.9
74.2
100
1. Continued
Year
Item
Distribution of farm loans by asset size of lender
by number of loans (percent)
less than 100 .................................................................
100 to 249 .....................................................................
250 to 999 .....................................................................
1,000 or more ...............................................................
Total ..........................................................................
by amount of loans (percent)
less than 100 .................................................................
100 to 249 .....................................................................
250 to 999 .....................................................................
1,000 or more ...............................................................
Total ..........................................................................
Distribution of business loans by income of census tract3
by number of loans
l o w ..................................................................................
moderate .......................................................................
middle ............................................................................
upper ..............................................................................
income not reported......................................................
Total ..........................................................................
by amount of loans
l o w ..................................................................................
moderate .......................................................................
middle ...........................................................................
upper ..............................................................................
income not reported.....................................................
Total .........................................................................
1996
9.8
14.2
34.5
41.5
1997
6.4
10.4
37.4
45.8
100
100
6.4
11.5
31.7
50.4
5.1
8.2
34.2
52.5
100
100
4.7
15.9
49.4
29.5
.5
4.6
16.0
49.1
29.8
.5
100
100
5.6
16.0
46.8
30.9
.7
5.4
16.0
46.5
31.4
.7
100
100
Memo:
1.
Number of reporters
commercial banks ........................................................
savings associations.....................................................
1583
496
1421
475
Total .........................................................................
2079
1896
Businesses and farms with revenues of $1 million or less.
2. Percentages reflect the ratio of activity by CRA reporters to activity by all lenders. Calculations based
on information reported in the June 1996 and 1997 Call Reports for commercial banks and the Thrift
Financial Reports.
3. low income: census tract median family income less than 50 percent of MSA median family income or
nonmetropolian portion of state median family income; moderate income: 50-79 percent; middle income:
80-120 percent; upper income: 120 percent or more.
Source. FFIEC
2 O rig in a tio n s and purchases of small lo an s to businesses and farms, by size of loan, 1997
MEMO
L oans to firms
with reven ues
of $1 million
or less
Size of loan (dollars)
Type of borrow er
and loan
All loans
100,001 to 250,000
100,000 or le ss
Total
Percent
Total
P ercent
More than 250,000
Total
P ercent
Total
Percent
Total
Percent
N umber of L oans
B usiness
Originations
P u rc h a se s
Total
Farm
2,180,314
37,500
2,217,814
86.5
91,4
86.6
186,114
1,773
187,887
7.4
4.3
7.3
153,331
1,763
155,094
6.1
4.3
6.1
2,519,759
41,036
2.560,795
100
100
100
1,276,331
4,624
1,280,955
50 7
11.3
50.0
O riginations
P u rc h ases
Total
All
O riginations
P u rch ases
Total
182,258
1,166
183,424
86.3
76.8
86.2
21,038
233
21,271
10.0
15.3
100
8,007
120
8,127
38
7.9
3.8
211,303
1,519
212,822
100
100
100
189,477
953
190,430
89.7
62.7
8 95
2,362,572
38,666
2,401,238
86.5
90.9
86.6
207,152
2,006
209,158
7.6
47
75
161,338
1,883
163,221
5.9
44
59
2,731,062
42,555
2,773,617
100
100
100
1,465,808
5,577
1,471,385
53.7
13.1
530
50.6 157,548,233
1,853,069
50.5
5 0 6 159,401,302
100
100
100
66,652,157
380,268
67,032,425
423
205
42.1
11,064,827
127,573
11,192,400
100
100
100
9,042,825
61,933
9.104,758
81.7
485
81 3
49.0 168,613,060
1,980,642
49.8
49.0 170,593,702
100
100
100
75,694,982
442,201
76,137,183
449
22.3
44 6
Amount of loans (th o u san d s of dollars)
B usiness
Originations
P u rchases
Total
Farm
45,647,222
620,409
46,267,631
29.0
335
29.0
32,231,586
296,943
32,528,529
20.5
16.0
2 04
79,669,425
935,717
80,605,142
Originations
P u rch ases
Total
4,644,415
38,860
4,683,275
42.0
30.5
41.8
3,464,126
38,918
3,503,044
31.3
30.5
31 3
2,956,286
49,795
3,006,081
All
Originations
P u rchases
Total
50,291,637
659,269
50,950,906
29.8
333
299
35,695,712
335.861
36,031,573
21 2
170
21.1
82,625,711
985,512
83,611,223
26.7
39.0
26.9
3. Originations and purchases of small loans to businesses and farms, grouped by type of borrower
and loan and distributed by size of lending institution, 1997
Institutions, by asset size
(millions of dollars)
and loan
Less than 100
ToU l
100 to 249
Percent
ToU l
All Institutions
250 to 999
Percent
1,000 or more
Percent
Total
ToU l
Percent
To U l
Percent
Number of loans
Business
Origination*
Purchases
To U l
29.479
1.2
167.392
6.6
398.731
15.8
1.924,157
76.4
2.519,759
100
118
0.3
249
0.6
2.547
6.2
38.122
92.9
41,036
100
29,597
1.2
167.641
6.5
401,278
15.7
1.962.279
76.6
2,560,795
100
13,383
6.3
21,937
10.4
79,056
37.4
96,927
45.9
211.303
100
253
16.7
229
15.1
532
35.0
505
33.2
1,519
100
13.636
6.4
22.166
10.4
79,588
37.4
97,432
45.8
212,822
100
42,862
1.6
189,329
6.9
477,787
17.5
2.021,084
74.0
2.731,062
100
371
0.9
478
1.1
3,079
72
38,627
90.8
42,555
100
43,233
1.S
189,807
6.8
480,866
17.3
2,059,711
74.3
2,773,617
100
F irm
Originations
Purchases
Total
All
Originations
Purchases
Total
Amount of loans (thousands of dollars)
Business
Originations
Purchases
Total
2,182,058
1.4
5,550.607
3.5
32,988.689
25,877
1.4
79,117
4.3
331,106
2.207,935
1.4
(.629,724
3.5
33,319.795
563,775
5.1
914,006
8.3
10.969
8.6
4.706
3.7
574,744
5.1
918,712
2.745.833
1.6
36.846
1.9
2,782.679
1.S
20.9 116.826.879
74.2 157,548,233
100
17.9
76.5
1.8S3.069
100
20.9 118.243.848
74.2 159,401.302
100
3.763,572
34.0
5,823,474
52.6
11,064.827
100
58,898
<6.2
53,000
41.5
127,573
100
8.2
3,822.470
34.2
5,876,474
52.5
11.192,400
100
6.464.613
3.8
36.752,261
83,823
42
390.004
6,548,436
3.8
37,142,265
1,416,969
F tm I
Originations
Purchases
Total
All
Originations
Purchases
Total
21.8 122.6S0.353
72.7 168.613.060
100
19.7
74.2
1.980,642
100
72.8 170,593,702
100
1,469,969
21.8 124,120,322
MEMO
Number of
Institutions
reporting
153
261
1.008
474
1,896
Number of
Institutions
extending
loans
144
252
913
420
1,729
4.1. Number of small loans to businesses, grouped by neigborhood characteristics and distributed by
amount of lending, 1997
MEMO
Distribution of U.S.
buslnesess and
population (percent)
Characteristics of
neigborhood
100,000 or less
Busi
nesses
Population
MEMO
Number of loans
to firms
with revenues of
$1 million or less
Number of loans, by size category (dollars)
MEMO
Percent of
Percent
small
business
loans
100,001 to 250,000
Percent
MEMO
Percent of
small
business
loans
More than 250,000
to 1 million
Percent
MEMO
Percent of
small
business
loans
Ail
Total
Percent
MEMO
Percent of
small
business
loans
Total
MEMO
Percent of
small
business
loans
Location
Central City
41.2
37.0
85.5
39.5
7.8
42.4
6.7
44.5 1,025,218
100
40.0
475,011
46.3
Suburban
41.0
42.7
86.7
41.4
72
40.5
6.2
42.2 1,060,441
100
41.4
500,477
47.2
Rural
17.8
20.3
88.9
19.0
6.7
17.1
4.3
13.3
475,136
100
18.6
305,467
64.3
Total
100.0
100.0
86.S
100.0
1.3
100.0
6.1
100.0 2,660,795
100
100.0 1,280,955
60.0
Area Income
Low (lass than SO)
Central City
5.1
4.3
83.7
4.0
8.4
4.8
7.9
5.4
106,704
100
4.2
43,233
40.5
Suburban
0.4
0.4
87.2
0.3
6.5
0.3
6.3
0.3
7,704
100
0.3
3,111
40.4
Rural
0.1
0.2
89.0
0.1
6.8
0.1
4.2
0.1
3,016
100
0.1
1,858
61.6
ToUl
5.6
4.9
84.1
4.5
8.2
52
7.7
5.8
117.424
100
4.6
48.202
41.0
10.6
9.8
85.4
8.9
7.8
9.6
6.8
10.2
232,018
100
9.1
100,189
43.2
5.6
6.0
87.9
4.9
6.5
4.3
5.7
4.5
123.703
100
4.8
55.303
44.7
Moderate (SO to 79) .
Central City
Suburban
Rural
2.5
2.7
J 9 .7
2.2
6.2
1.8
4.1
1.4
53,257
100
2.1
33,784
63.4
ToUl
18.7
18.5
86.7
16.0
7.2
15.6
6.1
16.2
408,978
100
16.0
189.276
46.3
47.7
Middle (SO to 119)
Central City
15.0
14.8
86.2
14.4
7.5
14.8
6.3
15.1
371.604
100
14.5
177.125
Suburban
22.2
24.4
87.1
22.3
7.1
21.4
5.9
21.5
568,641
100
22.2
273.940
48.2
Rural
12.2
14.0
89.3
12.8
6.5
11.1
4.1
8.5
317.454
100
12.4
204,778
64.5
Total
49.5
53.2
87.4
49.5
7.1
47.3
5.6
45.1 1,257,699
100
49.1
655,843
52.1
10.0
8.0
85.5
11.7
7.9
12.7
6.6
12.9
303.134
100
11.8
150,714
49.7
12.8
12.0
85.6
13.9
7.6
14.5
6.8
15.8
359.050
100
14.0
167,722
46.7
Upper (120 or more)
Central City
Suburban
Rural
3.0
3.3
87.2
4.0
7.6
4.1
5.1
3.3
101.037
100
3.9
64.818
64.2
ToUl
25.8
23.3
85.8
29.5
7.7
31.4
6.5
32.0
763,221
100
29.8
383.254
50.2
31.9
Income not reported
Central City
0.4
0.1
81.6
0.4
8.3
0.5
10.1
0.8
11,758
100
0.5
3.750
Suburban
0.0
0.1
85.2
0.1
5.7
0.0
9.1
0.1
1,343
100
0.1
401
29.9
Rural
0.0
0.0
86.0
0.0
7.0
0.0
7.0
0.0
372
100
0.0
229
61.6
ToUl
0.5
0.2
82.1
0.5
8.0
0.6
9.9
0.9
13,473
100
0.5
4,380
32.5
ToUl
100.0
100.0
86.6
100.0
7.3
100.0
6.1
100.0 2,660,795
100
100.0 1,280,955
60.0
Memo
Number of loans
Number of
businesses
(millions)
Population
(millions)
2.217,814
8.1
252.2
187,887
155.094
4.2. Amount of small loans to businesses, grouped by neigborhood characteristics and distributed by
amount of lending, 1997
MEMO
Amount of loans
to firms
with revenues of
$1 million or less
Amount of loans (thousands o f dollars)
100,0015 or less
Characteristics of
neigborhood
Percent
MEMO
Percent of
small
business
loans
100,001 to 250,000
Percent
MEMO
Percent of
small
business
loans
More tha n 250,000
to 1 rnlliion
Percent
MEMO
Percent of
small
business
loans
All
To U l
Percent
MEMO
Percent of
small
business
loans
Total
MEMO
Percent of
small
business
loans
Location
Central City
Suburban
Rural
27.2
28.2
36.4
40.3
40.3
19.4
20.3
20.1
21.8
42.7
40.7
16.5
52.6
51.7
41.9
44.8
42.4
12.8
Total
29.0
100.0
20.4
100.0
60.6
24.3
26.6
4.2
0.3
0.1
4.6
20.0
18.7
23.0
19.9
4.9
0.3
0.1
9.1
4.6
20.2
19.4
2.1
15.8
21.2
20.1
14.3
21.7
12.9
48.9
20.4
20.3
21.7
20.6
66,647,261
66,080,063
24,673,978
100.0
100.0
100.0
43.1
41.5
15.5
27,162,384
26,354,774
13,515,267
39.6
39.9
54.8
100.0
159,401,302
100.0
100.0
67,032,425
42.1
55.8
54.7
41.3
55.4
5.5
0.3
0.1
5.9
7,933,683
473,434
152.251
8.5S9.368
100.0
100.0
100.0
100.0
5.0
0.3
0.1
5.4
2,688,741
156,045
84,149
33.9
33.0
55.3
2,928,935
34.2
53.0
51.0
41.9
51.3
10.3
4.6
1.4
16.2
15,667,133
7.206,621
2,631,210
25,504,964
100.0
100.0
100.0
100.0
9.8
4.5
1.7
16.0
5,597,082
2,638,872
1,391,181
9,627,135
35.7
36.6
10.7
47.0
51.6
50.5
41.0
48.8
15.2
21.5
8.1
44.8
23,687,217
34,369,560
16,008,618
74,065,395
100.0
100.0
100.0
100.0
14.9
21.6
10.0
46.5
9,659,118
13,692,935
8,715,954
32.068,007
12.8
14.7
4.0
31.4
51.6
53.6
44.2
51.7
13.0
15.9
3.2
32.1
20,302,476
23,928,685
5,860,267
50,091,428
100.0
100.0
100.0
100.0
12.7
15.0
3.7
31.4
8,946.509
9,839,064
3,312,654
22,098,227
63.3
68.0
1,056.752
101,763
21,632
1,180,147
100.0
100.0
0.7
0.1
270.934
100.0
100.0
159,401,302
100.0
Area Income
Low (less than SO)
Central City
Suburban
Rural
Total
35.7
24.6
5.2
Moderate (50 to 79)
Central City
Suburban
Rural
Total
26.6
29.6
36.9
26.6
9.7
4.3
1.7
15.7
52.9
37.7
Middle (to to 119)
Central City
Suburban
Rural
ToU l
28.0
29.2
37.3
30.6
14.9
21.4
40.8
39.8
54.4
43.3
Upper (120 or more)
Central City
Suburban
Rural
27.9
26.5
33.7
27.9
30.2
20.0
22.1
20.4
Central City
Suburban
Rural
ToU l
20.2
18.0
32.2
20.2
0.5
0.0
0.0
0.5
16.5
14.0
21.0
16.4
0.5
0.0
0.0
0.6
46.8
63.4
0.6
0.1
0.0
0.9
Total
29.0
100.0
20.4
100.0
60.C
100.0
ToUl
12.3
13.7
4.3
20.4
44.1
41.1
56.5
44.1
Income not reported
Memo
Amount of loans
($000)
46,267.631
32,528.529
80,605,142
0.0
0.7
27,858
11,329
310,121
25.6
27.4
52.4
26.3
100.0
67,032,425
42.1
4.3. Number of small loans to farms, grouped by neigborhood characteristics and distributed by
amount of lending, 1997
MEMO
Share of U.S.
population
(percent)
Characteristics of
neigborhood
100,000 or less
Population
MEMO
Number of loans
to farms
w ith revenues of
$1 million or less
Number of loans, by size category (dollars)
MEMO
Percent of
Percent
small
farm
loans
100,001 o 250,000
Percent
MEMO
Percent of
small
farm
loans
More tha n 250,000
to 1 t!nllllon
Percent
MEMO
Percent of
small
farm
loans
All
ToUl
Percent
MEMO
Percent of
small
farm
loans
Total
MEMO
Percent of
small
farm
loans
Location
Central City
37.0
79.0
6.2
14.1
9.6
6.9
12.2
14,477
100
6.8
12,098
83.6
Suburban
42.7
83.0
18.7
11.9
23.2
5.2
26.3
41,425
100
19.5
36,107
87.2
Rural
20.3
87.7
75.0
9.1
67.2
3.2
61.5
156,920
100
73.7
142,225
90.6
Total
100.0
86.2
100.0
10.0
100.0
3.8
100.0
212,822
100
100.0
190,430
89.5
Area Income
Low (less than 50)
Central City
Suburban
4.3
75.6
0.1
13.4
0.2
11.0
0.4
328
100
0.2
244
74.4
0.4
87.2
0.1
10.1
0.1
2.7
0.1
188
100
0.1
168
89.4
Rural
0.2
84.9
0.2
11.1
0.2
4.0
0.2
451
100
0.2
365
80.9
Total
4.9
82.2
0.4
11.7
0.5
6.1
0.7
967
100
0.5
777
80.4
Moderate (50 to T9)
Central City
9.8
75.6
0.5
14.5
0.8
9.9
1.5
1,237
100
0.6
940
76.0
6.0
82.9
2.6
11.0
3.0
6.1
4.4
5,775
100
2.7
4,811
83.3
Rural
2.7
86.2
7.2
Total
18.5
$4.8
10.3
14.8
80.6
3.7
24.4
83.7
15.0
Suburban
Middle (10 to 119)
Central City
Suburban
9.9*
7.1
3.9
7.3
15,230
100
7.2
13,711
90.0
10.9
4.8
13.1
22,242
100
10.5
19,462
87.5
13.2
5.2
6.3
6.5
8.424
100
40
7,202
85.5
11.6
17.9
4.7
19.2
32,879
100
15.4
29,054
88.4
10.4
Rural
14.0
88.0
59.4
8.9
52.1
3.1
47.0
123,898
100
58.2
112,723
91.0
Total
53.2
86.7
78.1
9.7
75.3
3.6
72.7
165,201
100
77.6
148,979
90.2
82.7
Upper (120 or more)
Central City
8.0
77.4
1.9
15.8
3.3
6.8
3.7
4,468
100
2.1
3,694
12.0
73.8
1.0
17.9
2.2
8.3
2.6
2,580
100
1.2
2.071
80.3
Rural
3.3
87.1
8.2
9.6
7.8
3.3
7.1
17,291
100
8.1
15,377
88.9
Total
23.3
83.9
11.1
11.6
13.3
4.5
13.4
24,339
100
11.4
21,142
86.9
Suburban
Income not reported
Central City
Suburban
0.1
65.0
0.0
15.0
0.0
20.0
0.0
20
100
0.0
18
90.0
0.1
100.0
0.0
0.0
0.0
0.0
0.0
3
100
0.0
3
100.0
Rural
0.0
94.0
0.0
6.0
0.0
0.0
0.0
50
100
0.0
49
98.0
Total
0.2
86.3
0.0
8.2
0.0
5.5
0.0
73
100
0.0
70
95.9
ToUl
100.0
86.2
100.0
10.0
100.0
3.8
100.0
212,822
100
100.0
190,430
89.5
Memo
Number of loans
Population
(millions)
183,424
252.2
21,271
8,127
4.4. Amount of small loans to farms, grouped by neigborhood characteristics and distributed by
amount of lending, 1997
MEMO
Amount of loans
to farms
with revenues of
$1 million or less
Amount of loans (thousands of dollars)
100,003 or less
Characteristics of
neigborhood
Percent
MEMO
Percent of
small
farm
loans
100,001 to 250,000
Percent
MEMO
Percent of
small
farm
loans
More than 250,000
to 1 million
Percent
MEMO
Percent of
small
farm
loans
All
ToU l
Percent
MEMO
Percent of
small
farm
loans
To U l
MEMO
Percent of
small
farm
loans
Location
Central City
Suburban
Rural
32.6
37.1
44.8
7.5
20.2
72.2
32.5
32.1
30.8
10.0
23.5
66.5
34.9
30.8
24.4
12.5
26.3
61.2
1,078,889
2,559,153
7,554,3S8
100.0
100.0
100.0
9.6
22.9
67.5
773,360
1,946,284
6,385,114
71.7
76.1
84.5
ToUl
41.8
100.0
31.3
100.0
26.9
100.0
11,192,400
100.0
100.0
9,104,768
81.3
25.4
0.2
0.1
0.2
0.4
23.2
41.5
36.1
30.4
0.2
0.1
51.4
22.7
28.3
39.0
0.5
0.1
30,410
7,861
23,567
61,838
100.0
35.8
35.6
30.6
100.0
100.0
100.0
0.3
0.1
16,402
5,188
0.2
0.6
15,868
37,458
25.7
33.8
40.1
37.0
0.6
2.6
6.7
10.0
29.4
29.8
31.8
31.0
109,228
366,564
784,954
1,260,746
100.0
100.0
100.0
100.0
1.0
3.3
7.0
11.3
64,329
265,045
668.822
998,196
58.9
72.3
85.2
11.2
44.9
36.3
28.1
32.0
34.6
38.6
45.6
43.2
4.4
16.2
57.2
77.8
32.2
32.2
30.6
31.1
5.4
18.0
51.4
74.8
33.2
29.2
23.7
25.7
6.5
19.0
46.4
72.0
590,824
1,961,460
5,874,670
8,426,954
100.0
100.0
100.0
100.0
5.3
17.5
52.5
75.3
440,087
1,528,186
4.978,858
6,947.131
74.5
77.9
84.8
82.4
32.9
36.6
25.1
28.8
3.8
2.7
7.3
13.8
345,809
223,257
869,595
1,438,661
100.0
100.0
100.0
100.0
3.1
2.0
7.8
72.3
66.2
12.9
250,039
147,854
720,004
1,117,897
95.6
100.0
99.4
Area Income
Low (lest then SO)
Central City
Suburban
Rural
Total
0.2
0.5
0.2
0.8
53.9
66.0
67.3
60.6
Modermte (50 to 79)
Central City
Suburban
Rural
Total
0.9
3.1
7.1
1.6
4.4
7.3
13.4
79.2
Middle (JO to 119)
Central City
Suburban
Rural
Total
Upper (120 or more)
Central City
Suburban
32.0
28.5
43.5
38.4
2.4
1.4
8.1
35.1
34.9
31.4
11.8
32.8
3.5
22
7.8
13.5
ToUl
21.0
100.0
66.5
38.3
0.0
0.0
0.0
0.0
15.0
0.0
33.5
21.9
0.0
0.0
0.0
0.0
63.9
0.0
0.0
39.8
0.1
0.0
0.0
0.1
2,618
11
1,572
4,201
100.0
100.0
100.0
0.0
0.0
0.0
0.0
2,503
11
1.562
4,076
ToUl
41.8
100.0
31.3
100.0
26.9
100.0
11,192,400
100.0
100.0
9,104,768
Rural
Total
82.8
77.7
Income not reported
Central City
Suburban
Rural
Memo
Amount of loans
(WOO)
4,683,275
3,503,044
3,006,081
100.0
97.0
6U
5. Community development lending, 1997
Number of loan s
Amount of loans
(th o u san d s of dollars)
MEMO: CRA reporters
A sset size o f lender
(millions of dollars)
Total
Percent
Total
P ercent
Number
P ercen t
Community developm ent
loans
Number
extending
Percent
extending
54
5.0
Institution a s s e ts
L ess th a n 100
397
1.6
113,472
0.6
153
8.1
261
13.8
108
10.1
1,008
53.2
544
50.7
100 to 249
594
2.4
214,146
1.2
250 to 999
8,232
33.0
3,088,804
16.6
1000 o r m ore
15,690
63.0
15,153,092
81.6
474
25.0
367
34.2
All
24,913
100.0
18,569,514
100.0
1,896
100.0
1,073
100.0
545
2.2
916,151
4.9
30
2.8
MEMO: Lending by all affilitates
FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
CRA DATA ORDER FORM
ITEM DESCRIPTIONS
•
Unless otherwise specified, reports using CRA data are available beginning with 1996. CRA data generally become available by
August of the year following the reporting year, and data through calendar year 1997 are now available. Please refer to the CRA
Assistance Line at (202) 872-7584, email at CRAHELP@FRB.GOV, or Internet at www.ffiec.gov/cra for the latest release of these
reports.
•
There is an additional charge for each year, MSA/non-MSA, and/or institution requested.
•
Charges for duplicate requests apply.
Aggregate Report: The Aggregate Reports are available for either MSAs or statewide non-MSA areas, and are distributed on hardcopy
at a cost of $10 for each MSA/non-MSA/year requested.(Item #403) For an electronic version, seeltem #401 below. This report
aggregates the business and farm lending information reported within an MSA or statewide non-MSA area. For MSA reports, enter the
MSA number for each MSA desired in the space provided.
For statewide Non-MSA areas, enter the name of the state in the space provided. The statewide non-MSA area aggregate report is
unique to CRA; it does not have a HMDA counterpart. This report aggregates the data for all counties in a selected state that are not
part of an MSA. For example, Nebraska has three counties that are part of two MSAs: Lincoln and Omaha. Data for the other eightysix counties in Nebraska are shown in the statewide non-MSA aggregate report for Nebraska.
Disclosure Statement: The Disclosure Statement summarizes business and farm lending information from data that are prepared yearly
by individual institutions. The Disclosure Statement is available in hardcopy at a cost of $10.00 for each institution/year requeste((Itein
#402)
Aggregate Reports and Disclosure Statements on CD-ROM: The Aggregate Reports (by MSA and Non-MSA areas) and individual
institution Disclosure Statements are available on CD-ROM at a cost of $10.00 for the entire nation(Item #401) The CRA Aggregate
and Disclosure Software allows you to access reports at the MSA, state, county, and institution (for disclosures only) level, prints reports,
and/or exports the data for selected reports. Beginning with 1997, the three flat files described in the “1996 Export Data on CD-ROM”
(Item #404) below are included on the Aggregate Reports and Disclosure Statements CD-ROM at no additional cost.
1996 Export Data on CD-ROM: The CD-ROM contains three flat files, which in combination, represent all the 1996 CRA Aggregate &
Disclosure report data. This CD is best used for analyzing large portions of the CRA data. Detailed information regarding each of the
three files is as follows:
1)
TS.DAT contains all the transmittal sheet information for the CRA reporting institutions. (The information on this file is viewable
but not exportable from the Aggregate & Disclosure CD.)
2) AGGR_ALL.DAT contains all the MSA Aggregate report data.
3) DISC_ALL.DAT contains all the individual Disclosure Statement report data.
The Transmittal Sheet file (TS.DAT) and CRA data files (AGGR_ALL.DAT and DISC_ALL.DAT) are ASCII files with fixed record
lengths. NOTE: The file specifications for each of the individual Aggregate & Disclosure tables have been included in a write file on the
CD-ROM. The CD-ROM (for 1996 only) is available at a cost of $10.00. (Item #404)
August. 1998
FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
HMDA/CRA DATA ORDER FORM
(PAYMENT INFORMATION)
FFIEC AND FRB USE ONLY
FFIEC Control Number:
Order Form Received at FRB:
/
Order Form Completed by FRB:
/
Order Shipped by FRB:
Credit Authorization Number: ______
NAME/FIRM:
Check if: Non-Profit Organization
Profit Organization _
ADDRESS: _
TELEPHONE:
Organization Sector:
Financial Institution _
Government Agency
Media _
Public/Organization
FAX:
Please make checks payable to: FFIEC
Mail to: Board of Governors of the Federal Reserve System
1709 New York Avenue.N.W.
Attn: CRA/HMDA Development & Support, Stop 502
Washington, D.C. 20006
Phone: 202-452-2016
Fax: 202-452-6497
_ Advance payment required via check, Money Order, Visa, or MasterCard.
_ ONLY credit payments (VISA or MasterCard) or no charge items may be sent by fax.
_ THE PAYMENT INFORMATION PAGE AND PAGES THAT HAVE THE REQUESTED
ITEM(S) MUST BE SENT WITH YOUR PAYMENT. The omission of either will delay your order.
Please ship the completed order at my expense using my overnight carrier listed below.
{Otherwise, orders will be shipped fourth class via United States Postal Service at no charge}
Carrier Name
Account Number / / / / / / / / / / / /
METHOD OF PAYM ENT (check appropriate box):
Check
Money Order
Visa
MasterCard
CREDIT PAYM ENTS (Signature is required when paying by credit card):
Card Number
Expiration Date(mmyy)
/ _ / / / / / / / / / / / / / / / /
I I
Signature
I I
/
Date
August, 1998
FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
HMDA/CRA DATA ORDER FORM
(CRA ITEMS)
FFIEC AND FRB USE ONLY
FFIEC Control Number:
SELECTION LIST
There is an additional charge for each year, MSA/Non-MSA, and/or institution
requested (see attached item descriptions)
Aggregate Reports and Disclosure Statements on CD-ROM (Item #401)
QTY
UNIT
COST
TOTAL
$ 10.00
$
$ 10.00
$
Indicate vear(s):
Note: Electronic item. Not available for years prior to 1996.
Disclosure Statement (Item #402)
Indicate vearf s'):
(Specify Respondent ID selections in ascending order; use back of form if additional
space is required.)
Indicate Institution Name:
Institution
Name:
Respondent/Agency ID and
Zip Code:
/ / / / / / / / / / / - / /
Zip Code: /_/_/_/_/_/
Institution
Name:
/ / // / / / / / / / -/ /
Zip Code: / / / / / /
Note: Hardcopy item. Not available for years prior to 1996. Cost of hardcopy report by
institution is $10 per year/institution.
Aggregate Report (Item #403)
$ 10.00
$
$ 10.00
$
GRAND TOTAL
$
Indicate vearfs):
For MSAs:
.
.
.
.
.
For non-MSA area of state(s) (provide state abbreviation):
Note: Hardcopy item. Not available for years prior to 1996. Cost of hardcopy report by
MSA is $10 per year/MSA; by non-MSA is $10 per year/state.
1996 Export Data on CD-ROM (Item #404)
Note: Electronic item. Only available for 1996 data; these export data are included on
the Aggregate Reports and Disclosure Statements CD-ROM (Item #401) for 1997.
August, 1998
@FedFRASER