News Release 2018-139 | December 20, 2018
Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions
Federal Deposit Insurance Corporation Federal Reserve Board of Governors Office of the Comptroller of the Currency
WASHINGTON—The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations.
The annual adjustments are required by the CRA rules. Financial institutions are evaluated under different CRA examination procedures based upon their asset-size classification. Those meeting the small and intermediate small institution asset-size thresholds are not subject to the reporting requirements applicable to large banks and savings associations unless they choose to be evaluated as a large institution.
Annual adjustments to these asset-size thresholds are based on the change in the average of the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), not seasonally adjusted, for each 12-month period ending in November, with rounding to the nearest million.
As a result of the 2.59 percent increase in the CPI-W for the period ending in November 2018, the definitions of small and intermediate small institutions for CRA examinations will change as follows:
- “Small bank” or “small savings association” means an institution that, as of December 31 of either of the prior two calendar years, had assets of less than $1.284 billion.
- “Intermediate small bank” or “intermediate small savings association” means a small institution 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.
|Federal Reserve Board||Susan Stawick||(202) 452-2955|
|FDIC||Greg Hernandez||(202) 898-6984|
|OCC||William Grassano||(202) 649-6870|
- Federal Register Notice (PDF)