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Regulation C requires a depository or nondepository institution that meets the reporting criteria to report data about home purchase loans, home improvement loans and refinancings that it originates or purchases, or for which it receives applications during each calendar year and to disclose certain data to the public. The data are maintained on a Loan/Application Register (LAR) at the institution. The LAR along with a Transmittal Sheet (TS) is submitted to their supervisory agency. After all the data are received and loaded to the Federal Financial Institutions Examination Council (FFIEC) database, the HMDA LAR and TS Raw data files are created annually by the FFIEC on behalf of the reporting institutions. The TS data contain specific information about the reporting institution, including respondent identification number used in the report, their supervisory agency code, respondent's name and address. The primary categories of each LAR record are data about the application and loan, action taken, property location, applicant information, and whether the loan was sold. The institutions that participate in the HMDA collection and reporting are those that are supervised by the Federal Deposit Insurance Corporation (FDIC), Federal Reserve System (FRS), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), Office of Thrift Supervision (OTS), and the Department of Housing and Urban Development (HUD). The following should be noted about the LAR data: (1) Data are not certified as error free. (2) For reasons of privacy, the dates and loan application numbers are omitted from each record. (3) To form a unique identifier for an institution, the Respondent ID and single character Agency Code must be used. To form a unique loan record identifier, the Respondent ID, Agency Code, and Loan Sequence Number must be used. The HMDA Lar and TS raw data are used by community groups, bank examiners, researchers, financial institutions, think tanks, the public, government agencies and non-profits (this list is not all-inclusive). Some users analyze and monitor the data to ensure that the reporting institutions are serving the needs of their communities. Government officials use the data to make public sector investments and indicate to private investors the neighborhoods where their efforts are needed. The data also helps identify possible discriminatory lending patters and assists regulatory agencies in enforcing compliance with anti-discrimination statutes. Other users perform market trend analysis and monitor the lending patters of HMDA reporting institutions or develop statistical comparisons in the form of maps and tables. Financial institutions tend to do peer-group analysis. Users most often download the data into analytical models or other applications where they manipulate and customize the data for specific purposes.