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OCC Revises Levels for Small and Intermediate Small Bank and Savings Associations

Thursday, January 19, 2017 - 2:30PM

The Office of the Comptroller of the Currency (OCC) published revisions to Community Reinvestment Act (CRA) regulations that define “small bank,” “small savings association,” “intermediate small bank” and “intermediate small savings association” in Wednesday’s Federal Register. The regulations became effective Wednesday. They define a “small bank” or “small savings association” as an institution that had assets of less than $1.226 billion as of Dec. 31, 2015, or Dec. 31, 2016. The regulations define as an “intermediate small bank,” or “intermediate small savings association,” an institution with at least $307 million on both dates and less than $1.226 billion in assets on either date.

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