§2809 — Title 12 Banks and Banking | U.S. Code

Summary

Starting with calendar year 1980, the Federal Financial Institutions Examination Council must each year collect and compile, by census tract, aggregate data for each primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not made up of designated primary metropolitan statistical areas, from depository institutions that must report under section 2803 or are exempt under section 2805(b). The Council must also make tables showing aggregate lending patterns by tract grouped by location, housing age, income level, and racial characteristics. The Bureau must provide staff and data processing help, and the data must be released to the public by December 31 of the year after the data year.

Title 12, §2809

Banks and Banking — Source: USLM XML via OLRC

(a)Beginning with data for calendar year 1980, the Federal Financial Institutions Examination Council shall compile each year, for each primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas, aggregate data by census tract for all depository institutions which are required to disclose data under section 2803 of this title or which are exempt pursuant to section 2805(b) of this title. The Council shall also produce tables indicating, for each primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas, aggregate lending patterns for various categories of census tracts grouped according to location, age of housing stock, income level, and racial characteristics.

(b)The Bureau shall provide staff and data processing resources to the Council to enable it to carry out the provisions of subsection (a).

(c)The data and tables required pursuant to subsection (a) shall be made available to the public by no later than December 31 of the year following the calendar year on which the data is based.

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 2809, Pub. L. 94–200, title III, § 310, Dec. 31, 1975, 89 Stat. 1128, provided for termination of authority granted by this chapter, prior to repeal by section 340(b) of Pub. L. 96–399. See section 2811 of this title.

Amendments

2010—Subsec. (b). Pub. L. 111–203 substituted “Bureau” for “Board”. 1983—Subsec. (a). Pub. L. 98–181 substituted “primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas” for “standard metropolitan statistical areas” in two places.

Statutory Notes and Related Subsidiaries

Effective Date

of 2010 AmendmentAmendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

§2809 Compilation of Aggregate Data