What is the minimum asset requirement for institutional coverage under HMDA as of December 31, 2021?

The correct answer reflects that the minimum asset requirement for institutional coverage under the Home Mortgage Disclosure Act (HMDA) is set at $50 million as of December 31, 2021. This threshold is significant because it helps determine which financial institutions are subject to HMDA's reporting requirements, aimed at promoting transparency in mortgage lending practices.

Institutions with assets equal to or exceeding $50 million must report specific data on their mortgage lending activities, enabling regulators to monitor fair lending practices and assess how effectively credit is being distributed in various communities. This requirement is part of a broader effort to ensure that consumers have access to vital information regarding mortgage lending trends to protect against discrimination and promote equitable lending.

The other options reflect figures that are below or above this established threshold, which means they do not accurately represent the minimum asset requirement set forth by regulation.