WASHINGTON (12/29/09)--The Federal Reserve Board published its annual notice and final rule of the asset-size exemption threshold for depository institutions under Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The asset-size exemption for depository institutions will remain at $39 million, which was the level set for 2009. The threshold is based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPIW) for the twelve-month period that ended in November. The CPIW for that period decreased by 0.98%, but this change was too small to warrant any reduction in the exemption threshold, the Fed said in a Federal Register document. An institution's exemption from collecting data in 2010 does not affect its responsibility to report the data it was required to collect in 2009, the Credit Union National Association (CUNA) reminds credit unions. HMDA and the Fed's Regulation C require most depository institutions and certain for-profit, nondepository institutions to collect, report and disclose data about applications for, and originations and purchases of, home mortgage loans, home improvement loans and refinancings. Data reported include the type, purpose, and amount of the loan; the race, ethnicity, sex and income of the loan applicant; and the location of the property. The purposes of HMDA include helping to determine whether financial institutions are serving the housing needs of their communities and assisting in fair lending enforcement. Use the link below to access the Fed's notice.