Home Mortgage Disclosure — 1994-10-07 [94-24324]

The Board is publishing for public comment proposed changes to Regulation C (Home Mortgage Disclosure) and to the instructions that financial institutions must use to comply with the annual reporting requirements under the regulation. The amendments reflect revisions proposed by the Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision to their regulations implementing the Community Reinvestment Act (CRA). Under the joint CRA proposal, banks or savings associations that report data about their home mortgage lending pursuant to HMDA--and that have assets of $250 million or more, or that are subsidiaries of a holding company with total banking and thrift assets of $250 million or more--would collect and report geographic information on loans and loan applications relating to property located outside the MSAs in which the institution has a home or branch office. Currently, geographic identification is required only within MSAs where these lenders have an office.