(cid:153) Assisting in marketing financial services, including the development of
(cid:153) advertising and promotions, publications, workshops and conferences;
(cid:153) Furnishing financial services training for staff and management;
(cid:153) Contributing accounting/bookkeeping services; and
(cid:153) Assisting in fund raising, including soliciting or arranging investments.
Home Mortgage Disclosure Act (“HMDA”)
The Home Mortgage Disclosure Act, enacted by Congress in 1975, and subsequently
amended, requires institutions to annually report data about applications for residential
(including multifamily) financing.
Income Level
The income level of the person, family or household is based on the income of person,
family or household. A geography’s income is categorized by median family income for
the geography. In both cases, the income is compared to the MSA or statewide
nonmetropolitan median income.
Income level of individual or geography % of the area median income
Low-income Less than 50
Moderate-income At least 50 and less than 80
Middle-income At least 80 and less than 120
Upper-income 120 or more
Loans to Small Businesses
Small business loans to businesses with gross annual revenues (“GAR”) of $1 million or
less (“< = $ 1MM”).
Low or Moderate Income (“LMI”) Geographies
Those census tracts or block numbering areas (“BNAs”), where according to the 2000
US Census, the median family income is less than 80% of the area median family
income. In the case of tracted areas that are part of a Metropolitan Statistical Area
(“MSA”) or Primary Metropolitan Statistical Area (“PMSA”), this would relate to the
median family income for the MSA or PMSA in which the tracts are located. In the case
of BNAs and tracted areas that are not part of a MSA or PMSA, the area median family
income would be the statewide non-metropolitan median family income.
LMI Borrowers
Borrowers whose income, as reported on the loan application which the lender relied
upon in making the credit decision, is less than 80% of the area median family income.
In the case where the residential property is located in a MSA or PMSA, this would
relate to the median family income for that MSA or PMSA. Otherwise, the area median
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