The latest data on home lending to minorities shows government efforts to end bias in the banking system are unfinished, Comptroller of the Currency Eugene A. Ludwig said Tuesday.

Growth in loans to blacks cooled to 3.1% in 1996-the lowest in five years-while rejection rates rose to a historic high, according to Home Mortgage Disclosure Act data released Monday. Mr. Ludwig said he was "quite troubled" by that news despite "impressive gains" in lending to Hispanics and Native Americans.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.