2016 CRA Threshold Adjustment - What are the 2016 asset size thresholds for the definition of "small" and "intermediate small" banks and savings associations under the rules of the Community Reinvestment Act?

Compliance > Regulation BB - CRA
Q:  What are the 2016 asset size thresholds for the definition of "small" and "intermediate small" banks and savings associations under the rules of the Community Reinvestment Act?
 
 
A:  Effective January 1, 2016, 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 $ 1.216 billion.
  • "Intermediate small bank" or "intermediate small savings association" means a small institution with assets of at least $304 million as of December 31 of both of the prior two calendar years, and less than $ 1.216 billion as of December 31 of either of the prior two calendar years.
The annual adjustments were published in the Federal Register and can be found here:

http://www.federalreserve.gov/newsevents/press/bcreg/20151222a.htm

Add Feedback