AUTUMN 2003

Weaving the Arts into Communities

Regional Authority Works
to Bolster Economy in Delta

Fund Designed to Counter
Predatory Loans

Fed Study Examines Casino
Gambling, Impact on Economy

New National Resource Center
Available on Web

Bank Staff Available
to Answer Questions

Federal Reserve Schedules
Seminars on Reg C Amendments

What Exactly Is BOOF?

The Federal Reserve Fiscal Impact Tool

Spanning the Region

Have You Heard

Calendar

Resources

Federal Reserve Schedules
Seminars On Reg C Amendments

Financial institutions seeking information about upcoming changes related to the Home Mortgage Disclosure Act (HMDA) can attend one of several fall seminars.

Sponsored by the Federal Reserve Bank of St. Louis, the one-day seminars are designed for compliance risk managers and others who need guidance on HMDA.

The schedule for the seminars is: Oct. 8, St. Louis; Oct. 16, Little Rock; Oct. 21, Memphis; and Nov. 13, Louisville. The amendments to Regulation C, which implements HMDA, will take effect Jan. 1.

At the seminars, information will be provided on the amendments and their effect on such issues as collection of applicant information, reporting of pre-approval requests and HOEPA status. Instruction on calculating and reporting the rate spread on loans will also be available.

For information, call Valerie Coleman at (314) 444-8434 or 1-800-333-0810, ext. 44-8434.

Clear and concise information can also be found at a new web site hosted by the St. Louis Fed: www.stlouisfed.org/hmdaregcamendments/default.html. The web site also answers FAQs and provides links, examples and compliance tips.