OCC 2007-4
OCC Bulletin

    Subject:  Home Mortgage Disclosure Act
Description:  Exemption Threshold for Depository 
              Institutions under Regulation C

       Date:  January 24, 2007

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

On December 26, 2006, 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 $36 million for 
depository institutions that are required to report 
data under the Home Mortgage Disclosure Act (HMDA). The
previous exemption level was $35 million. Institutions 
with assets of $36 million or less as of December 31, 
2006, will not be required to collect HMDA data in 2007.
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 2006. 

An institution's exemption from collecting data in 2007
does not affect its responsibility to report the data it
was required to collect in 2006. The adjustment is 
effective January 1, 2007.
  
If there are questions on this adjustment or any other 
HMDA-related issue, please contact the HMDA help line at
(202) 452-2016 or send an e-mail to hmdahelp@frb.gov. 
Questions may also be addressed to your supervisory 
office or to the Compliance Policy Department at 
(202) 874-4428.



    /signed/
Ann F. Jaedicke
Deputy Comptroller for Compliance


Attachment - 71 FR 77246
[http://www.occ.treas.gov/fr/fedregister/71fr77246.pdf]