Regulatory Agencies Release Annual CRA Asset-Size Threshold Adjustments

Thursday, December 29, 2016 - 10:45AM

Federal bank regulatory agencies today announced annual adjustments to the asset-size thresholds used to define bank and savings association sizes under Community Reinvestment Act (CRA) regulations. Based on the change in the Consumer Price Index for Urban Wage Earners and Clerical Workers, the new definition of a “small bank” or “small saving association” means an institution that as of Dec. 31 of either of the two previous calendar years had assets of less than $1.226 billion. The definition of “intermediate small bank” or “intermediate small savings association” means an institution with assets of between $307 million and $1.226 billion on the same dates. Financial institutions are evaluated under different procedures based on their asset-sized classification.

Asset-sized threshold adjustments are effective upon publication in the Federal Register.

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