CRA THRESHOLD ADJUSTMENT

On December 30, 2019 the OCC, the Board, and the FDIC (collectively the Agencies) amended their Community Reinvestment Act (CRA) regulations to adjust the asset-size thresholds used to define ” small bank” or “small savings association” and “intermediate small bank” or “intermediate small savings association.”

  • As required by the CRA regulations, the adjustment to the threshold amount is based on the annual percentage change to the Consumer Price Index for Urban Wage Earners and Clerical Workers(CPI-W).
  • Beginning January 1, 2020 banks and savings associations that, as of December 31 of either of the prior two years, had assets of less than $1,305 billion are small banks or small savings associations.
  • Small banks and small savings associations with assets of at least $326 million as of December 31 of both of the prior two calendar years and less than $1,305 billion of either of the prior two calendar years are intermediate small banks or intermediate small savings associations.
  • A copy of the final rule is available here.

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