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ABA: The American Bankers Association
Compliance News

Agencies Update CRA Asset-Size Thresholds

The federal regulators announced the annual adjustment to the asset-size thresholds they will use to differentiate small and intermediate banks and savings associations under the Community Reinvestment Act.

A “small bank” or “small savings association” will be defined as an institution that, as of Dec. 31 of either of the prior two calendar years, had assets of less than $1.305 billion. An “intermediate small bank” or “intermediate small savings association” will be defined as a small institution with assets of at least $326 million as of Dec. 31 of both of the prior two calendar years, and less than $1.305 billion as of Dec. 31 either of the two prior calendar years. These adjustments took effect on Jan. 1.