Page:United States Statutes at Large Volume 94 Part 2.djvu/380

 94 STAT. 1658

Disclosure.

Format. Data disclosure system.

12 USC 2805. Repeal. 12 USC 2809.

PUBLIC LAW 96-399—OCT. 8, 1980

tan statistical area, otherwise, by county, for mortgage loans secured by property located within any other county within that standard metropolitan statistical area."; and (3) by adding at the end thereof the following: "(d) Notwithstanding the provisions of subsection (a)(1), data required to be disclosed under this section for 1980 and thereafter shall be disclosed for each calendar year. Any depository institution which is required to make disclosures under this section but which has been making disclosures on some basis other than a calendar year basis shall make available a separate disclosure statement containing data for any period prior to calendar year 1980 which is not covered by the last full year report prior to the 1980 calendar year report. "(e) The Board shall prescribe a standard format for the dislosures required under this section. "(1) The Federal Financial Institutions Examination Council, in consultation with the Secretary, shall implement a system to facilitate access to data required to be disclosed under this section. Such system shall include arrangements for a central depository of data in each standard metropolitan statistical area. Disclosure statements shall be made available to the public for inspection and copying at such central depository of data for all depository institutions which are required to disclose information under this section (or which are exempted pursuant to section 3060t))) and which have a home office or branch office within such standard metropolitan statistical area.". (b) Section 310 of such Act is repealed. (c) Such Act is amended by adding at the end thereof the following: "COMPILATION OF AGGREGATE DATA

12 USC 2809.

12 USC 2803. 12 USC 2805.

Public availability.

"SEC. 310. (a) Beginning with data for calendar year 1980, the Federal Financial Institutions Examination Council shall compile each year, for each standard metropolitan statistical area, aggregate data by census tract for all depository institutions which are required to disclose data under section 304 or which are exempt pursuant to section 306(b). The Council shall also produce tables indicating, for each standard metropolitan statistical area, aggregate lending patterns for various categories of census tracts grouped according to location, age of housing stock, income level, and racial characteristics. "(b) The Board 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. DISCLOSURE BY THE SECRETARY

12 USC 2810. 12 USC 2805. 12 USC 1702, 1707. 12 USC 2803.

"SEC. 311. Beginning with data for calendar year 1980, the Secretary shall make publicly available data in the Secretary's possession for each mortgagee which is not otherwise subject to the requirements of this title and which is not exempt pursuant to section 306(b), with respect to mortgage loans approved by the Secretary for insurance under title I or II of the National Housing Act. Such data to be disclosed shall consist of data comparable to the data which would be disclosed if such mortgagee were subject to the requirements of section 304. Dislosure statements containing data for each such mortgagee for a standard metropolitan statistical area shall, at a minimum, be publicly available at the central depository of data

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