Fed study said to find bias in lending

October 14, 1991|By New York Times

The Federal Reserve is expected to report in a study to be released next week that blacks and other minorities are denied mortgages far more frequently than whites with comparable incomes.

While the Federal Reserve has not yet made public the data, one of its officials warned a meeting of the American Bankers Association last week that the study would show "dramatic disparities in loan-rejection rates."

The Federal Reserve has tentatively scheduled a briefing for Oct. 21 to discuss the findings, including breakdowns of the study.

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