On December 23, 2009, the Federal Deposit Insurance Corporation, the Federal Reserve Board, the Office of the Comptroller of the Currency and the Office of Thrift Supervision approved a joint final rule amending the Community Reinvestment Act (CRA) to make the annual adjustment to the asset-size threshold used to define “small bank” and “intermediate small bank” under the CRA. “Small bank” or “small savings association” means a bank that, as of December 31 of either of the prior two calendar years, had assets of less than $1.098 billion. “Intermediate small bank” or “intermediate small savings association” means a small bank with assets of at least $274 million as of December 31 of both of the prior two calendar years, and less than $1.098 billion as of December 31 of either of the prior two calendar years. The decrease is based on the annual percentage change in the Consumer Price Index (CPI). These asset-size threshold adjustments took effect on January 1. The final rule will be published soon in the Federal Register.

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