Federal Deposit Insurance
Corporation
550 17th Street NW, Washington, DC 20429-9990
Financial Institution Letter
FIL-53-2012
December 21, 2012
COMMUNITY REINVESTMENT ACT
Annual Asset-Size Threshold Adjustment
Summary: The FDIC, the Federal Reserve Board, and the Office of the Comptroller of the Currency have published
the attached joint final rule amending the Community Reinvestment Act (CRA) to adjust the asset-size threshold used
to define "small bank" and "intermediate small bank."
Statement of Applicability to Institutions Under $1 Billion in Total Assets: This Financial Institution Letter is
applicable to all FDIC-supervised financial institutions.
Distribution:
FDIC-Supervised Banks (Commercial and
Savings
Suggested Routing:
Chief Executive Officers
CRA Officers
Compliance Officers
Related Topics:
Community Reinvestment Act
Attachment:
Joint Final
Rule: http://www.gpo.gov/fdsys/pkg/FR-
2012-12-21/pdf/2012-30775.pdf
Contact:
Pamela A. Freeman, Senior Examination
Specialist , Division of Depositor and
Consumer Protection,
pfreeman@fdic.gov or (202) 898-3656; or
Susan van den Toorn, Counsel,
svandentoorn@fdic.gov or (202) 898-8707
Note:
FDIC Financial Institution Letters (FILs)
may be accessed from the FDIC's Web site
at
www.fdic.gov/news/news/financial/2012/ind
ex.html.
To receive FILs electronically, please visit
http://www.fdic.gov/about/
subscriptions/fil.html.
Paper copies may be obtained through the
FDIC's Public Information Center, 3501
Fairfax Drive, E-1002, Arlington, VA 22226
(1-877-275-3342 or 703-562-2200).
Highlights:
The federal banking agencies have amended their CRA regulations to
increase the asset-size threshold used to define "small bank" and
"intermediate small bank." The increase is based on the annual
percentage change in the Consumer Price Index (CPI). These asset-
size threshold adjustments will take effect on January 1, 2013.
As a result of the 2.23 percent increase in the CPI for the period ending
in November 2012, the definitions of small and intermediate small banks
for CRA examinations have changed as follows:
“Small bank” or "small savings association" means a bank that, as
of December 31 of either of the prior two calendar years, had
assets of less than $1.186 billion.
“Intermediate small bank” or "intermediate small savings
association" means a small bank with assets of at least $296
million as of December 31 of both of the prior two calendar years,
and less than $1.186 billion as of December 31 of either of the
prior two calendar years.
The FDIC estimates that approximately 104 institutions will be affected.
However, all banks at the margins should review their status to
determine if they have moved into the intermediate small bank or large
bank category because of growth or the threshold change.
Current and historical asset-size thresholds are published on the
Federal Financial Institutions Examination Council Web site
at www.ffiec.gov/cra/.Inactive
Corporation
550 17th Street NW, Washington, DC 20429-9990
Financial Institution Letter
FIL-53-2012
December 21, 2012
COMMUNITY REINVESTMENT ACT
Annual Asset-Size Threshold Adjustment
Summary: The FDIC, the Federal Reserve Board, and the Office of the Comptroller of the Currency have published
the attached joint final rule amending the Community Reinvestment Act (CRA) to adjust the asset-size threshold used
to define "small bank" and "intermediate small bank."
Statement of Applicability to Institutions Under $1 Billion in Total Assets: This Financial Institution Letter is
applicable to all FDIC-supervised financial institutions.
Distribution:
FDIC-Supervised Banks (Commercial and
Savings
Suggested Routing:
Chief Executive Officers
CRA Officers
Compliance Officers
Related Topics:
Community Reinvestment Act
Attachment:
Joint Final
Rule: http://www.gpo.gov/fdsys/pkg/FR-
2012-12-21/pdf/2012-30775.pdf
Contact:
Pamela A. Freeman, Senior Examination
Specialist , Division of Depositor and
Consumer Protection,
pfreeman@fdic.gov or (202) 898-3656; or
Susan van den Toorn, Counsel,
svandentoorn@fdic.gov or (202) 898-8707
Note:
FDIC Financial Institution Letters (FILs)
may be accessed from the FDIC's Web site
at
www.fdic.gov/news/news/financial/2012/ind
ex.html.
To receive FILs electronically, please visit
http://www.fdic.gov/about/
subscriptions/fil.html.
Paper copies may be obtained through the
FDIC's Public Information Center, 3501
Fairfax Drive, E-1002, Arlington, VA 22226
(1-877-275-3342 or 703-562-2200).
Highlights:
The federal banking agencies have amended their CRA regulations to
increase the asset-size threshold used to define "small bank" and
"intermediate small bank." The increase is based on the annual
percentage change in the Consumer Price Index (CPI). These asset-
size threshold adjustments will take effect on January 1, 2013.
As a result of the 2.23 percent increase in the CPI for the period ending
in November 2012, the definitions of small and intermediate small banks
for CRA examinations have changed as follows:
“Small bank” or "small savings association" means a bank that, as
of December 31 of either of the prior two calendar years, had
assets of less than $1.186 billion.
“Intermediate small bank” or "intermediate small savings
association" means a small bank with assets of at least $296
million as of December 31 of both of the prior two calendar years,
and less than $1.186 billion as of December 31 of either of the
prior two calendar years.
The FDIC estimates that approximately 104 institutions will be affected.
However, all banks at the margins should review their status to
determine if they have moved into the intermediate small bank or large
bank category because of growth or the threshold change.
Current and historical asset-size thresholds are published on the
Federal Financial Institutions Examination Council Web site
at www.ffiec.gov/cra/.Inactive