Address Change for CRA and HMDA Data

by Mary Beth Guard, BOL Guru

The FFIEC put out a memo saying that heightened security concerns have caused it to change the mailing addresses for all CRA and HMDA data submissions effective immediately. They are strongly encouraging institutions to submit data via email, but if you submit data electronically, the data files must be encrypted using the FFIEC CRA and HMDA data entry software. No other encryption software is acceptable. If you do not use the FFIEC software to collect and prepare your CRA and/or HMDA data, you must install the Internet Submission component of the data entry software on your PC and run the Internet Submission program against your CRA and/or HMDA data file in order to properly encrypt the file.

Once the file is encrypted, you should attach the encrypted file to an email message containing institution and contact information as described in the software help screens.

For HMDA email submissions from OCC, FDIC, NCUA or OTS-regulated institutions, the message with attached file should be emailed to hmdasub@frb.gov. For FRB and HUD-regulated institutions, refer to the software help screens for the appropriate email address.

For CRA email submissions, the message with attached file should be emailed to crasub@frb.gov.

If you must send data via diskette, CD-ROM, or cartridge tape, the changed mailing addresses are:
CRA: Federal Reserve Board
Attention: CRA Processing
20th & Constitution Avenue, NW
MS N502
Washington, DC 20551-0001

HMDA: Federal Reserve Board
Attention: HMDA Processing, Agency *
20th & Constitution Avenue, NW
MS N502
Washington, DC 20551-0001

HMDA institutions regulated by FRB and HUD should continue to use the mailing address as provided in the software help screens.

Originally appeared in the October 2001 edition of the Oklahoma Bankers Association Compliance Informer.

First published on BankersOnline.com 3/18/02