Recently, the Federal Financial Institutions Examination Council (FFIEC) releases the FFIEC Census Flat Files and the Median Family Income Report.
The FFIEC Census Flat Files are a convenient method of accessing and analyzing the FFIEC census data that are used to create the HMDA and CRA Aggregate and Disclosure Reports. They contain over 1,000 fields of census data and are updated annually to reflect changes to MSA/MD boundaries announced by the Office of Management and Budget (OMB) and CRA Distressed/Underserved Census Tracts as announced by the Federal banking regulatory agencies.
For 2022, the FFIEC plans to release the various FFIEC Census products in three parts as the data become available. The first release was March 30, 2022; a second release in August updated the flat file with ACS fields; and a final release is expected in 2023 after the Demographic and Housing Characteristics (DHC) files are released by Census.
The FFIEC Median Family Income (MFI) Report shows the estimate MFI that corresponds to the year when loan application data are collected.