CRA Regulators to Publish Rule Adjusting Threshold Size for Small Banks

Friday, December 27, 2019 - 9:00am

The Office of the Comptroller of the Currency, Federal Reserve System and Federal Deposit Insurance Corporation will publish in Monday’s Federal Register a joint final rule adjusting asset-size thresholds for small bank/small savings association and intermediate small bank/intermediate small savings association in Community Reinvestment Act regulations. Beginning Jan. 1, 2020, banks and savings associations that as of Dec. 31 of either of two prior calendar years had assets of less than $1.305 billion are small banks or small savings associations. Those small banks or small savings associations with assets of at least $326 million as of Dec. 31 of both of the prior two calendar years and less than $1.305 billion as of Dec. 31 of either of two prior calendar years are intermediate small banks or intermediate small savings associations.