OCC Releases Criteria for Bank Size, List of Distressed/Underserved Areas for 2021

Friday, January 29, 2021 - 11:45am

The Office of the Comptroller of the Currency (OCC) today released a bulletin that includes criteria to determine a bank’s size based on its asset size or business model for 2021, a list of distressed and underserved areas where certain bank activities for 2021 are eligible for Community Reinvestment Act (CRA) consideration and the banking industry median hourly compensation value used for determining the dollar value of community development service activities this year. OCC Bulletin 2021-5 publishes the lists and hourly compensation value pursuant to the CRA rule published in June 2020.