Full text of District Notices (Federal Reserve Bank of Dallas) : Fair Housing Advertising and Poster Requirements, Circular No. 78-80

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F ederal Reserve Bank
DALLAS, TEXAS

of

Dallas

75222

C i r c u l a r No. 78-80
J u n e 14, 1978

FAIR HOUSING ADVERTISING AND POSTER REQUIREMENTS

TO ALL STATE MEMBER BANKS
AND OTHERS CONCERNED IN THE
ELEVENTH FEDERAL RESERVE DISTRICT:
T h e Board of G o v e rn o rs of th e F e d e ra l R e s e r v e S y s te m , in
co nju n c tio n w ith th e D e p artm en t of Housing a n d U rb a n D evelopm ent a n d o th e r
Fed eral r e g u l a t o r y a g e n c i e s , h a s u p d a te d its f a i r h o u s in g a d v e r t i s i n g a n d
p o s te r r e q u i r e m e n t s fo r State c h a r t e r e d m e m b e r b a n k s in o r d e r to re fle c t the
c u r r e n t p r o v is io n s of th e Equal C r e d it O p p o rtu n ity a n d F a ir Housing A c ts. T h e
new a d v e r t i s i n g a n d p o s t e r r e q u i r e m e n t s a r e effective J u n e 19, 1978. Copies
of th e "Equal Housing L e n d e r P o ste r" c o n ta in in g th e r e q u i r e d notice r e g a r d i n g
n o n d is c rim in a tio n in real e s ta te fin a n c in g w e r e f o r w a r d e d to you u n d e r a letter
d a te d F e b r u a r y 1, 1978.
P r in te d on th e following p a g e s is a c o p y of th e B o a r d 's o r d e r a s it
a p p e a r e d in th e F e d e r a l R e g i s t e r . A n y q u e s ti o n s r e g a r d i n g th is m a tte r may be
d i r e c t e d to o u r B ank S u p e r v is io n a n d R eg u latio n s D e p a rtm e n t, C o n sum e r
Affairs S e c tio n , a t E xt. 6171 o r 6181.
Sincerely y o u rs ,
R o b ert H . Boykin
F i r s t V ice P r e s i d e n t

Banks and others are encouraged to use the following incoming W A T S numbers in contacting this Bank:
1-8 00-492-4403 (intrastate) and 1-8 00-527-4970 (interstate). For calls placed locally, please use 651 plus
the extension referred to above.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

[6 2 1 0 -0 1 ]

FEDERAL RESERVE SYSTEM

E x tra c t From

[D o c k et N o. R -0162)

Federal R e g iste r,

FAIR HOUSING ADVERTISING AND P O S T R
REQUIREMENTS

Vol. 43, No. 102,
T h u r s d a y , May 25, 1978
p p . 22444 - 22445

O r fe r

AOENCT: Board of Governors of the
Federal Reserve System.
ACTION: Order.
S U M M A R Y : The Federal Reserve
System is updating Its fair housing ad­
vertising and poster requirements for
State-chartered banks that are m e m ­
bers of the System to reflect the cur­
rent provisions of the Equal Credit
Opportunity and Fair Housing Acts.
DATE: The Board’s order is effective
June 19, 1978.
FOR
FURTHER
INFORMATION
CONTACT:
Robert C. Plows, Section Chief, Divi­
sion of Consumer Affairs, Washing­
ton, D.C. 20551, 202-452-3667.
S U P P L E M E N T A R Y INFORMATION:
In order to encourage compliance
with, and to increase public awareness
of, the discrimination prohibitions of
the Fair Housing Act of 1968, the
Board, along with the other Federal fi­
nancial supervisory agencies and the
Department of Housing and Urban
Development, adopted in 1971 and
1972 advertising and poster require­
ments relating to residential real
estate lending activities. Pursuant to
those requirements, any State member
bank that advertises residential real
estate lending services must indicate
in those advertisements that it makes
such loans without regard to race,
oolor, religion, and national origin.
Written advertisements must contain
a specified equal housing lender logo­
type. Similarly, a State member bank
making residential real estate loans
must display a specified equal housing
lender poster in the public lobbies of
its offices.
Parts of the advertising and poster
requirements have become outdated
because of the addition of sex as a pro­
hibited basis of discrimination under
the Fair Housing Act (42 UJS.C. 3601,
et seq.) and because of the passage of
the 1976 amendments to the Equal
Credit Opportunity Act (15 U.S.C.
1691, et seq.).
As amended, section 805 of.the Fair
Housing Act prohibits discrimination
in the financing of housing on the
basis of race, color, religion, national
origin, or sex. The Equal Credit O p ­
portunity Act, as amended, prohibits
discrimination against any applicant
in any aspect of a credit transaction
on the basis of sex, marital status,
race, color, religion, national origin, or
age; because all or part of the appli­
cant’s income derives from any public

assistance program; or because the ap­
plicant has in good faith exercised any
right under the Consumer Credit Pro­
tection Act.
In order to encourage compliance
with, and to Increase public awareness
of, the anti-discrimination provisions
of both acts, the Board, along with
H U D and the other Federal financial
supervisory agencies, has adopted new
advertising and poster requirements.
These new requirements further
amend those first set out by the Board
on December 29, 1971 (36 F R 25168)
and amended on April 28, 1972 (37 F R
8878).
The Assistant Secretary for Equal
Opportunity of the Department of
Housing and Urban Development has
granted a waiver to State member
buiks from the Fair Housing Poster
Requirements described in Part 110 of
that agency’s regulation (24 C F R
110.25(b)) in view of the Board’s
poster requirements.
The Board is distributing copies of
the new fair housing poster to each
State member bank through the
bank’s appropriate Federal Reserve
Bank.
Accordingly, the Board issues the
following order
F a ir H

o u s in g

R
1.

A d v x r t is h t o a n d
k ju im m d t t s

P o ster

NOIVDISCRIMnVATORY ADVERTISING

(a) Any State member bank that di­
rectly or through third parties en­
gages in any form of advertising of
loans for the purpose of purchasing,
constructing. Improving, repairing, or
m a in ta in in g a dwelling (as defined in
section 3 of this order) shall promi­
nently indicate in such advertisement,
in a manner appropriate to the adver­
tising medium and format utilised,
that the bank makes such loans with­
out regard to race, color, religion, sex,
or national origin.
(1) With vespect to a written or
visual adverttsment, this requirement
may be satisfied by including In the
advertisement a facsimile of the logo­
type with the equal housing lender
legend contained in the Equal Housing
Lender Poster prescribed in section 2
of this order.
(2) With respect to an oral advertise­
ment, this requirement may be satis­
fied by a statement, in the spoken text
of the advertisement, that the bank is
an "equal housing lender.”
(3) W h e n an oral advertisement is
used in conjunction with a written or
visual advertisement, the use of either
of the methods specified in subpara­
graphs (1) and (2) will satisfy the re­
quirements of this paragraph (a).
(b) No advertisement shall contain
any words, symbols, models, or other
forms of communication that express,
imply, or suggest a discriminatory
preference or policy of exclusion in

violation of the provisions of the Pair
Housing Act or the Equal Credit O p ­
portunity Act.

IP Y O U BELIEVE Y O U H A V E B E E N
D I S C R I M I N A T E D AGAINST. Y O U M A Y S E N D
A C O M P L A I N T TO:

2. E Q U A L H O U S I N G L E N D E R P O S T E R

F e d e r a l R e s e r v e S y s te m , D iv isio n o f
C o n s u m e r A f fa ir s , W a s h in g to n , D .C . 20551

(a) Each State member bank en­
3. D E F I N I T I O N O F D W E L L I N G
gaged in extending loans for the pur­
“Dwelling” means any building,
pose of purchasing, constructing, im­ structure (including a mobile home),
proving, repairing, or maintaining a or portion thereof that is occupied as,
dwelling (as defined in section 3 of this or designed or intended for occupancy
order) shall conspicuously display an as, a residence by one or more natural
Equal Housing Lender Poster in any persons and any vacant land that is of­
fered for sale or lease for the construc­
public lobby and area within the bank tion or location thereon of any such
where deposits are received or where building, structure, or portion thereof.
such loans are made In a manner
By order of the Board of Governors,
clearly visible to the general public en­ May 15, 1978.
tering such areas.
T h e o d o r e E. A l l i s o n ,
(b) The Equal Housing Lender
S e c r e t a r y o f th e B o a r d .
Poster shall be at least 11 by 14 inches
( F R D o c. 78-1461 6 F ile d 5 -2 4 -7 8 ; 8:45 a m ]
in size and shall have the following
text;

EQUAL HOUSING

LENDER
W e D o B u s in e s s in A c c o rd a n c e W ith t h e
F e d e r a l F a i r H o u s in g L aw
IT IS ILLEGAL, B E C A U S E O F RACE, COLOR,
RELIGION, SEX, O R N A T I O N A L ORIGIN, TO!

□

□

D e n y a lo a n f o r t h e p u r p o s e o f p u r c h a s ­
in g . c o n s tr u c tin g , I m p ro v in g , r e p a ir in g
o r m a in ta in in g a d w e llin g o r
D is c r im in a te i n f ix in g t h e a m o u n t, i n t e r ­
e s t r a t e , d u r a t i o n , a p p lic a tio n p r o c e ­
d u r e s o r o t h e r t e r m s o r c o n d itio n s o f
s u c h a lo a n
IF T O U BELIEVE Y O U H A V E B E E N
D I S C R I M I N A T E D AOAINST, Y O U M A Y S E N D
A C O M P L A I N T TO:

A s s is ta n t S e c r e t a r y f o r E q u a l O p p o r tu n ity .
D e p a r t m e n t o f H o u s in g a n d U r b a n
D e v e lo p m e n t, W a s h in g to n , D .C . 20410

IT IS ILLEGAL U N D E R T H E E Q U A L CREDIT
O P P O R T U N I T Y A CT T O D I S C R I M I N A T E IN
E X T E N D I N G CREDIT:

□

□
□

O n t h e b a s is o f r a c e , c o lo r, re lig io n , n a ­
t io n a l o r ig in , s e x , o r m a r i t a l s t a tu s , o r
age
B e c a u s e in c o m e is f ro m p u b lic a s s is ta n c e
B e c a u s e a r i g h t w a s e x e rc is e d u n d e r t h e
C o n s u m e r C r e d it P r o te c t io n A ct.