WBK Industry News - Federal Regulatory Developments

Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions

The Office of the Comptroller of the Currency, Treasury, Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation (the Agencies) amended the Community Reinvestment Act (CRA) to adjust the asset-size thresholds used to define “small bank” or “small savings association” and intermediate small bank” or “intermediate small savings association.

Starting on January 1, 2019, banks and savings associations that, as of December 31 of either of the prior two calendar years, had assets of less than $1.284 billion are small banks or small savings associations. Small banks and small savings associations with assets of at least $321 million as of December 31 of both of the prior two calendar years and less than $1.284 billion as of December 31 of either of the prior two calendar years are intermediate small banks or intermediate small savings associations. The Agencies also publish current and historical asset-size thresholds on the website of the Federal Financial Institutions Examination Council here.