OCC 2005-2  
OCC Bulletin

Subject:      Home Mortgage Disclosure Act

Description:  Exemption Threshold for Depository Institutions 
              under Regulation C

Date:         January 24, 2005

TO:  Chief Executive Officers and Compliance Officers of All
     National Banks, Department and Division Heads, and All 
     Examining Personnel


On December 27, 2004, the Board of Governors of the Federal
Reserve System (the Board) published in the Federal Register the
attached final rule amending the staff commentary that interprets
the requirements of Regulation C.  By this amendment, the Board
has raised the asset size exemption threshold to $34 million for
depository institutions that are required to report data under
the Home Mortgage Disclosure Act (HMDA).  The previous exemption
level was $33 million. Institutions with assets of $34 million or
less as of December 31, 2004, will not be required to collect
HMDA data in 2005.  This revision is mandated by provisions of
the Economic Growth and Regulatory Paperwork Reduction Act of
1996.  The adjustment reflects changes in the Consumer Price
Index for Urban Wage Earners and Clerical Workers for the 12-
month period ending in November 2004.

An institution's exemption from collecting data in 2005 does not
affect its responsibility to report the data it was required to
collect in 2004. The adjustment is effective January 1, 2005.

If there are questions on this adjustment or any other HMDA-
related issue, please contact the HMDA help line at (202) 452-
2016 or via e-mail to hmdahelp@frb.gov. Questions may also be
addressed to your supervisory office or to the Compliance
Division at (202) 874-4428.



_____________________________
Ann F. Jaedicke
Deputy Comptroller for Compliance


Attachment - 69 FR 77139
        [http://www.occ.treas.gov/fr/fedregister/69fr77139.pdf]