A joint release from the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency announced the annual adjustment to the asset-size thresholds that are “used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations.” Under the CRA rules, asset-sized thresholds must be evaluated and adjusted each year based on the change in the average of the Consumer Price Index (CPI), the release said. For more, including the annual adjustments and historical asset-size threshold data, click here.
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Annual CRA asset-size threshold adjustment announced for small and intermediate small institutions
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