Joint Release
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
For Immediate Release December 19, 2011
Agencies Release Annual CRA Asset-Size Threshold Adjustments for
Small and Intermediate Small Institutions
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
examinations procedures based upon their asset-size classification. Those meeting the
small and intermediate small asset-size threshold are not subjected to the reporting
requirements applicable to large banks.
Annual adjustments to these asset-size thresholds are based on the change in the
average of the Consumer Price Index (CPI) for urban wage earners and clerical
workers, not seasonally adjusted, for each 12-month period ending in November, with
rounding to the nearest million.
As a result of the 3.43 percent increase in the CPI index for the period ending in
November 2011, 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
$1.160 billion.
"Intermediate small bank" or "intermediate small savings association" means a
small institution with assets of at least $290 million as of December 31 of both of
the prior two calendar years, and less than $1.160 billion as of December 31 of
either of the prior two calendar years.
These asset-size threshold adjustments are effective January 1, 2012. 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 website of the Federal
Financial Institutions Examination Council (http://www.ffiec.gov/cra).
# # #
Attachment:
Joint Final Rule; Technical Amendment - PDF (PDF Help)
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
For Immediate Release December 19, 2011
Agencies Release Annual CRA Asset-Size Threshold Adjustments for
Small and Intermediate Small Institutions
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
examinations procedures based upon their asset-size classification. Those meeting the
small and intermediate small asset-size threshold are not subjected to the reporting
requirements applicable to large banks.
Annual adjustments to these asset-size thresholds are based on the change in the
average of the Consumer Price Index (CPI) for urban wage earners and clerical
workers, not seasonally adjusted, for each 12-month period ending in November, with
rounding to the nearest million.
As a result of the 3.43 percent increase in the CPI index for the period ending in
November 2011, 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
$1.160 billion.
"Intermediate small bank" or "intermediate small savings association" means a
small institution with assets of at least $290 million as of December 31 of both of
the prior two calendar years, and less than $1.160 billion as of December 31 of
either of the prior two calendar years.
These asset-size threshold adjustments are effective January 1, 2012. 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 website of the Federal
Financial Institutions Examination Council (http://www.ffiec.gov/cra).
# # #
Attachment:
Joint Final Rule; Technical Amendment - PDF (PDF Help)
Media Contacts:
Federal Reserve Board Susan Stawick 202-452-2955
FDIC Greg Hernandez 202-898-6984
OCC Dean DeBuck 202-874-5770
FDIC: PR-196-2011
Federal Reserve Board Susan Stawick 202-452-2955
FDIC Greg Hernandez 202-898-6984
OCC Dean DeBuck 202-874-5770
FDIC: PR-196-2011