Federal Deposit Insurance Corporation
550 17th Street NW, Washington, DC 20429-9990
Financial Institution Letter
FIL-145-2008
December 17, 2008
Community Reinvestment Act
Annual Asset-size Threshold Adjustment
Summary: The FDIC, the Federal Reserve Board, the Office of the Comptroller of the Currency and the Office of Thrift
Supervision have published the attached joint final rule amending the Community Reinvestment Act (CRA) to make the
annual adjustment to the asset-size threshold used to define "small bank" and "intermediate small bank" under the Act.
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
Contact:
Deirdre Foley, Senior Policy Analyst, Compliance Policy
Section, dfoley@fdic.gov or (202) 898-6612; 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/2008/index.html.
To receive FILs electronically, please
visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters 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 to be
used to define "small bank" and "intermediate small
bank." The increase is based on the annual percentage
change in the Consumer Price Index (CPI).
• As a result of the 4.49 percent increase in the CPI for
the period ending in November 2008, the definitions of
small and intermediate small banks for CRA
examinations have changed as follows:
o "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 $1.109 billion.
o "Intermediate small bank" or "intermediate small
savings association" means a small bank 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 will take effect
on January 1, 2009.
• Current and historical asset-size thresholds are
published on the Federal Financial Institutions
Examination Council's Web site at www.ffiec.gov/cra/.Inactive
550 17th Street NW, Washington, DC 20429-9990
Financial Institution Letter
FIL-145-2008
December 17, 2008
Community Reinvestment Act
Annual Asset-size Threshold Adjustment
Summary: The FDIC, the Federal Reserve Board, the Office of the Comptroller of the Currency and the Office of Thrift
Supervision have published the attached joint final rule amending the Community Reinvestment Act (CRA) to make the
annual adjustment to the asset-size threshold used to define "small bank" and "intermediate small bank" under the Act.
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
Contact:
Deirdre Foley, Senior Policy Analyst, Compliance Policy
Section, dfoley@fdic.gov or (202) 898-6612; 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/2008/index.html.
To receive FILs electronically, please
visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters 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 to be
used to define "small bank" and "intermediate small
bank." The increase is based on the annual percentage
change in the Consumer Price Index (CPI).
• As a result of the 4.49 percent increase in the CPI for
the period ending in November 2008, the definitions of
small and intermediate small banks for CRA
examinations have changed as follows:
o "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 $1.109 billion.
o "Intermediate small bank" or "intermediate small
savings association" means a small bank 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 will take effect
on January 1, 2009.
• Current and historical asset-size thresholds are
published on the Federal Financial Institutions
Examination Council's Web site at www.ffiec.gov/cra/.Inactive