New Asset-Size Thresholds for Small Banks and Thrifts

The FRB, FDIC, OCC, and OTS have announced annual adjustments to assetsize thresholds for defining “small bank,” “small savings association,” “intermediate small bank,” and “intermediate small savings association” under the Community Reinvestment Act (CRA).

The annual adjustments are based on the year-to-year change in the average of the Consumer Price Index (CPI) for Urban Wage Earners and Clerical Workers, for each 12-month period ending in November. Due to the 0.98 percent decrease in the most recent CPI index, the definitions of small and intermediate small institutions for CRA examinations changed, effective January 1, 2010:

  • “Small bank” or “small savings association” means an institution that, as of December 31 for either of the prior two years, had assets of less than $1.098 billion.  
  • “Intermediate small bank” or “intermediate small savings association” means a small institution with assets of at least $274 million as of December 31 for both of the prior two years, and less than $1.098 billion as of December 31 for either of the prior two years.