Financial Update (First Quarter 2004)



FEATURES

 Directors Under
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 Fed Studies Checks
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 Mexican Secondary
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 Fed Emphasizes
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 Guynn Stresses
 Long-Term Policy

 Kohn Says U.S. Is
 Key in World
 Economy

 New Tool for
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 Launched

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Data Bank

HOME MORTGAGE DISCLOSURE ACT1
Aggregate Metropolitan Data on Applications Received by Banks and
Their Mortgage Company Subsidiaries
Conventional Home Purchase Loan Applications by Census tract income Level2

  2001 2002
  Applications Received3 Loans
Originated
(%)
Applications
Denied
(%)
Nonbank4
Apps.
Denied (%)
Applications Received3 Loans
Originated
(%)
Applications
Denied
(%)
Nonbank4
Apps.
Denied (%)
Alabama Metro Areas
Low income tracts 228 41.2 38.6 56.6 199 59.3 31.2 35.0
Moderate income tracts 2,104 47.7 34.8 45.1 1,821 56.9 31.4 37.2
Lower middle income tracts 6,680 49.0 34.1 37.9 5,079 55.5 31.2 34.5
Upper middle income tracts 7,101 66.8 20.7 25.2 5,175 70.8 18.2 23.9
Upper income tracts 7,608 77.1 12.1 13.1 5,619 80.8 10.0 14.2
Tract income not available 12 8.3 66.7 21.4 5 20.0 60.0 42.9
Florida Metro Areas
Low income tracts 2,471 49.1 30.7 29.0 556 51.8 25.0 32.7
Moderate income tracts 28,441 57.7 24.8 20.9 11,571 59.8 23.3 18.7
Lower middle income tracts 64,361 63.5 20.0 15.7 26,928 63.5 20.3 13.9
Upper middle income tracts 62,832 69.3 15.8 11.8 24,211 68.7 15.3 10.8
Upper income tracts 74,276 74.1 11.6 8.3 21,768 73.3 10.8 8.0
Tract income not available 18 55.6 22.2 8.2 6 50.0 16.7 31.6
Georgia Metro Areas
Low income tracts 2,081 54.3 26.4 28.8 980 62.7 21.4 25.0
Moderate income tracts 6,914 62.8 23.0 25.7 2,828 66.3 21.0 22.3
Lower middle income tracts 16,877 69.5 17.5 18.0 5,981 71.1 15.3 15.2
Upper middle income tracts 15,488 72.7 14.6 15.8 5,156 72.7 13.7 14.0
Upper income tracts 26,777 80.1 8.3 9.6 8,338 77.2 9.4 10.2
Tract income not available - - - - - - - -
Louisiana Metro Areas
Low income tracts 731 46.0 38.0 33.9 552 64.7 24.3 34.8
Moderate income tracts 3,101 46.6 34.5 35.4 2,033 59.8 28.9 37.8
Lower middle income tracts 6,577 56.2 28.3 32.8 4,137 62.0 25.4 31.4
Upper middle income tracts 5,340 56.6 27.7 25.3 3,556 63.1 22.7 27.2
Upper income tracts 10,425 74.3 13.6 14.6 6,609 77.6 10.7 16.4
Tract income not available - - - - - - - -
Mississippi Metro Areas
Low income tracts 308 38.6 41.6 44.9 241 54.8 30.7 49.2
Moderate income tracts 966 51.6 31.6 40.8 703 60.3 26.7 42.1
Lower middle income tracts 2,791 54.6 29.6 38.0 2,033 67.4 20.1 36.1
Upper middle income tracts 3,084 56.6 27.8 34.0 2,269 65.4 21.2 30.0
Upper income tracts 3,562 77.3 12.5 20.3 3,123 81.9 9.1 22.1
Tract income not available - - - - - - - -
Tennessee Metro Areas
Low income tracts 319 54.2 27.0 36.3 415 64.8 23.1 46.2
Moderate income tract 3,684 58.9 26.2 38.7 3,203 68.7 18.8 38.5
Lower middle income tracts 7,504 62.5 22.7 33.1 5,184 71.3 16.9 33.5
Upper middle income tracts 6,485 69.0 17.6 26.4 4,569 71.5 14.9 26.4
Upper income tracts 9,053 80.3 8.9 15.2 7,584 79.4 9.0 13.8
Tract income not available - - - - - - - -

1 Access www.ffiec.gov/hmda for more Home Mortgage Disclosure Act data, including data on applicant characteristics.
2 Census tracts are categorized by the ratio of their median family incomes to the median family income of the metropolitan statistical area. income data are based on the 1990 Census of Population and Housing, not on reported applicant characteristics. Census tracts are defined as follows: low income (< 50% of metro median family income), moderate income (>50% and <80%), lower middle income (>80% and <100%), upper middle income (>100% and <120%), and upper income (>120%).
3 Applications that did not result in an origination and were not denied were cancelled by applicants through either nonacceptance, withdrawal, or noncompletion of an application.
4 “Nonbanks” are thrifts, thrift mortgage subsidiaries, credit unions, credit union mortgage subsidiaries, and independent mortgage companies.

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