Joint Release
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Office of Thrift Supervision
For Immediate Release December 17, 2008
Agencies Release Annual CRA Asset-Size Threshold Adjustments for
Small and Intermediate Small Institutions
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 for banks are required by the 2005 CRA regulatory
amendments and for savings associations by the OTS 2007 CRA regulatory amendments.
Annual adjustments to these asset-size thresholds are based on the year-to-year change in the
average of the Consumer Price Index (CPI) for Urban Wage Earners and Clerical Workers, not
seasonally adjusted, for each twelve-month period ending in November, with rounding to the
nearest million.
As a result of the 4.49% increase in the CPI index for the period ending in November 2008, 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 $1.109 billion.
• "Intermediate small bank" or "intermediate small savings association" means a small
institution with assets of at least $277 million as of December 31 of both of the prior two
calendar years, and less than $1.109 billion as of December 31 of either of the prior two
calendar years.
These asset-size threshold adjustments are effective January 1, 2009. The agencies will publish
the adjustments in the Federal Register. In addition, the agencies will post a list of the current
and historical asset-size thresholds on the Web site of the Federal Financial Institutions
Examination Council (http://www.ffiec.gov/cra).
# # #
Attachment:
Community Reinvestment Act Regulations (PDF Help)
Media Contacts:
Federal Reserve Susan Stawick (202) 452-2955
FDIC David Barr (202) 898-6992
OCC Dean DeBuck (202) 874-5770
OTS William Ruberry (202) 906-6677
FDIC-PR-140-2008
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Office of Thrift Supervision
For Immediate Release December 17, 2008
Agencies Release Annual CRA Asset-Size Threshold Adjustments for
Small and Intermediate Small Institutions
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 for banks are required by the 2005 CRA regulatory
amendments and for savings associations by the OTS 2007 CRA regulatory amendments.
Annual adjustments to these asset-size thresholds are based on the year-to-year change in the
average of the Consumer Price Index (CPI) for Urban Wage Earners and Clerical Workers, not
seasonally adjusted, for each twelve-month period ending in November, with rounding to the
nearest million.
As a result of the 4.49% increase in the CPI index for the period ending in November 2008, 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 $1.109 billion.
• "Intermediate small bank" or "intermediate small savings association" means a small
institution with assets of at least $277 million as of December 31 of both of the prior two
calendar years, and less than $1.109 billion as of December 31 of either of the prior two
calendar years.
These asset-size threshold adjustments are effective January 1, 2009. The agencies will publish
the adjustments in the Federal Register. In addition, the agencies will post a list of the current
and historical asset-size thresholds on the Web site of the Federal Financial Institutions
Examination Council (http://www.ffiec.gov/cra).
# # #
Attachment:
Community Reinvestment Act Regulations (PDF Help)
Media Contacts:
Federal Reserve Susan Stawick (202) 452-2955
FDIC David Barr (202) 898-6992
OCC Dean DeBuck (202) 874-5770
OTS William Ruberry (202) 906-6677
FDIC-PR-140-2008