In today’s issue of the Federal Register (Vol. 77, No. 31) the Bureau of Consumer Financial Protection published a final rule amending the official staff commentary in Supplement I to Regulation C (12 CFR part 1003, formerly part 203), which implements the Home Mortgage Disclosure Act, to reflect a change in the asset-size exemption threshold for depository institutions. The exemption threshold has been adjusted to increase to $41 million from $40 million. The adjustment is based on the 3.43 percent increase in the average of the CPI-W (i.e., the Consumer Price Index for Urban Wage Earners and Clerical Workers) for the twelve-month period ending in November 2011. Therefore, depository institutions with assets of $41 million or less as of December 31, 2011 are exempt from collecting data in 2012. In Supplement I to Regulation C, under Section 1003.2-Definitions, Financial institution, paragraph 2 is revised to read as follows: Supplement I to Part 1003–Staff Commentary Section 1003.2–Definitions. Financial institution. 2. Adjustment of exemption threshold for depository institutions. For data collection in 2012, the asset-size exemption threshold is $41 million. Depository institutions with assets at or below $41 million as of December 31, 2011 are exempt from collecting data for 2012. Be aware, however, that a depository institution’s exemption from collecting data in 2012 because of the above increase in the threshold exemption does not affect its responsibility to report data it was required to collect in 2011.

Complete Memorandum