Federal Reserve examiners use an institution’s HMDA data, including its accept-deny data for loan applications and any price data it may have reported on originations, in conjunction with other information about the institution to determine the focus of the institution’s fair lending examination. The HMDA data are incorporated into statistical management systems that produce analyses of lending patterns that aid the examination process.
Introduction I appreciate the opportunity to be part of this event. As usual, NABE is confronting some of the most important and difficult issues in economics at this meeting. For central bankers, as we work to understand and react to the aftermath of the global financial crisis, the key question is how we should integrate financial stability concerns into the conduct of monetary policy.