Joint Release
Federal Deposit Insurance Corporation
Federal Reserve Board of Governors
Office of the Comptroller of the Currency
For Immediate Release December 19, 2014
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 examination procedures based upon their asset-size
classification. Those meeting the small and intermediate small asset-size threshold are
not subject to the reporting requirements applicable to large banks and savings
associations.
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 1.60 percent increase in the CPI index for the period ending in
November 2014, 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 $1.221 billion.
"Intermediate small bank" or "intermediate small savings association" means a small
institution with assets of at least $305 million as of December 31 of both of the prior two
calendar years, and less than $1.221 billion as of December 31 of either of the prior two
calendar years.
These asset-size threshold adjustments are effective January 1, 2015. 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:
CRA 2015 Threshold Adjustment FR Notice - PDF (PDF Help)
Federal Deposit Insurance Corporation
Federal Reserve Board of Governors
Office of the Comptroller of the Currency
For Immediate Release December 19, 2014
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 examination procedures based upon their asset-size
classification. Those meeting the small and intermediate small asset-size threshold are
not subject to the reporting requirements applicable to large banks and savings
associations.
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 1.60 percent increase in the CPI index for the period ending in
November 2014, 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 $1.221 billion.
"Intermediate small bank" or "intermediate small savings association" means a small
institution with assets of at least $305 million as of December 31 of both of the prior two
calendar years, and less than $1.221 billion as of December 31 of either of the prior two
calendar years.
These asset-size threshold adjustments are effective January 1, 2015. 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:
CRA 2015 Threshold Adjustment FR Notice - PDF (PDF Help)
Media Contacts:
Federal Reserve Board Susan Stawick 202-452-2955
FDIC LaJuan Williams-Young 202-898-3876
OCC William Grassano 202-649-6870
FDIC: PR-111-2014
Federal Reserve Board Susan Stawick 202-452-2955
FDIC LaJuan Williams-Young 202-898-3876
OCC William Grassano 202-649-6870
FDIC: PR-111-2014