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Federal Reserve Bank of Dallas l l★K ROBERT D. McTEER, JR. DALLAS, TEXAS 75265-5906 PRESIDENT AND CHIEF EXECUTIVE OFFICER February 1, 1999 Notice 99-09 TO: The Chief Executive Officer of each financial institution and others concerned in the Eleventh Federal Reserve District SUBJECT Interagency Fair Lending Examination Procedures DETAILS The Federal Financial Institutions Examination Council (FFIEC) has announced the release of core Interagency Fair Lending Examination Procedures. The uniform procedures will be used by each of the FFIEC member agencies in their examinations for compliance with the broad, nondiscriminatory requirements of the Equal Credit Opportunity Act and the Fair Housing Act. The core procedures provide a basic and flexible framework to be used for the majority of fair lending examinations and may be augmented by each agency. Agencies may provide their examiners and the specific institutions they regulate with additional procedures and details as needed to implement the core procedures effectively. The Interagency Fair Lending Examination Procedures are the culmination of two years of effort by the FFIEC Consumer Compliance Task Force. They reflect a determination by the FFIEC member agencies that fair lending compliance examinations should be conducted using a risk-based approach that considers each institution’s particular loan product mix, market demographics and past performance, as well as the nature and quality of data available from or about the institution. The new core procedures are divided into four sections: I. Examination Scope Guidelines; II. Compliance Management Review; 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. -2- III. Examination Procedures; and, IV. Obtaining and Evaluating Responses from the Lender and Concluding the Examination. MORE INFORMATION The Interagency Fair Lending Examination Procedures are available on the FFIEC’s Web site at www.ffiec.gov/PDF/fairlend.pdf. For more information regarding the procedures, please contact Dean Pankonien at (214) 922-6154. For additional copies of this Bank’s notice or a copy of the procedures, contact the Public Affairs Department at (214) 922-5254. Sincerely yours,