To All Depository Institutions and Others Concerned in the Second Federal Reserve District:
In a press release, the Federal Reserve Board has announced the postponement from January 1, 2003, to January 1, 2004, of some data collection requirements that were included in recent amendments to Regulation C, which implements the Home Mortgage Disclosure Art (HMDA). However, the Board is requiring the use of 2000 census data in HMDA reporting, effective January 1, 2003.
The Board's statement (pdf - 86kb) is attached.
Questions on this matter may be directed, at this Bank, to Maryann Campbell, Senior Bank Examiner, Legal and Compliance Risk Department.