Capital Briefs: Fed Won't Hike Assets For HMDA Exemption

The Federal Reserve Board has decided not to raise the asset-size level for banks that are exempt from the Home Mortgage Disclosure Act.

Federal law requires the Fed to adjust the threshold annually for inflation based on the consumer price index for urban wage earners and clerical workers. That rate was 1.3% last year, which after the numbers are rounded comes out to $29 million, the same as last year.

Separately, the Fed has unveiled a new training program for information technology examiners. The program, described in a Dec. 17 supervisory letter, details the qualifications an examiner must meet to be considered as a level one, level two, or level three information technology examiner. These include proficiency and training requirements.