SECTION 3. APPLICATION

The average annual mortgage originations, based on mortgage loan originations secured by owner-occupied residences during 1992, 1993, and 1994, for each state, the District of Columbia, Guam, Puerto Rico, and the Virgin Islands are listed below (dollars in millions).

Gross Mortgage Originations for Owner-Occupied Homes Three-Year Average Annual State 1992 1993 1994 Total Mortgage Originations

Alabama 9,292 10,688 7,835 27,815 9,272 Alaska 2,678 3,581 2,393 8,652 2,884 Arizona 13,811 22,004 15,478 51,293 17,098 Arkansas 5,110 5,746 4,303 15,159 5,053 California 110,252 119,554 105,353 335,159 111,720 Colorado 21,599 27,361 16,865 65,825 21,942 Connecticut 9,139 13,117 8,487 30,743 10,248 Delaware 2,042 1,735 1,402 5,179 1,726 District of Columbia 978 1,931 1,191 4,100 1,367 Florida 42,634 49,952 41,612 134,198 44,733 Georgia 21,522 26,963 18,487 66,972 22,324 Hawaii 5,068 5,118 3,649 13,835 4,612 Idaho 3,502 3,757 2,963 10,222 3,407 Illinois 33,894 34,271 27,148 95,313 31,771 Indiana 16,693 20,016 14,648 51,357 17,119 Iowa 4,662 4,204 3,056 11,922 3,974 Kansas 6,986 7,096 4,676 18,758 6,253 Kentucky 8,656 9,125 7,098 24,879 8,293 Louisiana 6,033 7,169 6,091 19,293 6,431 Maine 2,304 2,914 2,360 7,578 2,526 Maryland 23,366 28,045 32,406 83,817 27,939 Massachusetts 14,513 19,401 11,760 45,674 15,225 Michigan 21,014 22,918 15,466 59,398 19,799 Minnesota 26,875 29,609 15,632 72,116 24,039 Mississippi 4,122 4,716 3,218 12,056 4,019 Missouri 14,251 15,995 11,266 41,512 13,837 Montana 2,589 2,912 1,777 7,278 2,426

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Gross Mortgage Originations for Owner-Occupied Homes Three-Year Average Annual State 1992 1993 1994 Total Mortgage Originations

Nebraska 4,242 5,070 2,188 11,500 3,833 Nevada 5,960 7,282 7,568 20,810 6,937 New Hampshire 2,415 3,156 2,461 8,032 2,677 New Jersey 22,194 19,736 11,805 53,735 17,912 New Mexico 4,078 4,656 3,634 12,368 4,123 New York 36,824 36,750 33,956 107,530 35,843 North Carolina 21,943 23,303 16,221 61,467 20,489 North Dakota 2,801 3,626 2,090 8,517 2,839 Ohio 25,532 29,422 21,376 76,330 25,443 Oklahoma 6,481 7,387 5,474 19,342 6,447 Oregon 5,925 6,559 5,267 17,751 5,917 Pennsylvania 27,263 33,214 20,361 80,838 26,946 Rhode Island 2,071 3,301 1,720 7,092 2,364 South Carolina 8,019 8,470 6,447 22,936 7,645 South Dakota 1,579 1,565 922 4,066 1,355 Tennessee 14,029 18,395 13,458 45,882 15,294 Texas 41,049 49,761 41,681 132,491 44,164 Utah 9,138 11,988 7,381 28,507 9,502 Vermont 992 1,260 891 3,143 1,048 Virginia 32,722 42,008 29,670 104,400 34,800 Washington 18,779 22,076 18,063 58,918 19,639 West Virginia 2,417 2,658 2,039 7,114 2,371 Wisconsin 13,244 12,833 8,664 34,741 11,580 Wyoming 1,527 1,490 1,834 4,851 1,617 Guam 99 94 88 281 94 Puerto Rico 5,008 7,354 7,990 20,352 6,784 Virgin Islands 104 66 74 244 81

Computation. Under the new formula, the domestic employee coverage threshold amount for 1997 shall be equal to the 1995 amount of $1,000 multiplied by the ratio of the national average wage index for 1995 to that for 1993. The national average wage index for 1993 was previously determined to be $23,132.67. The national average wage index for 1995 is $24,705.66 as determined above. If the amount so determined is not a multiple of $100, it shall be rounded to the next lower multiple of $100.

Domestic Employee Coverage Thresh- old Amount. The ratio of the national average wage index for 1995, $24,705.66, compared to that for 1993, $23,132.67, is 1.0679986. Multiplying the 1995 domestic employee coverage threshold amount of $1,000 by the ratio of 1.0679986 produces the amount of $1,068.00, which must then be rounded to $1,000. Accordingly, the domestic employee coverage threshold amount is determined to be $1,000 for 1997.