The federal banking agencies have amended their CRA regulations decreasing the
asset-size threshold to be used to define "small bank" and "intermediate small
bank." The decrease is based on the annual percentage change in the Consumer
Price Index (CPI).
As a result of the 0.98 percent decrease in the CPI for the period ending in
November 2009, the definitions of small and intermediate small banks for CRA
examinations will change 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 $1.098 billion.
- "Intermediate small bank" or "intermediate small savings association" means
a small bank with assets of at least $274 million as of December 31 of both
of the prior two calendar years, and less than $1.098 billion as of December
31 of either of the prior two calendar years.
These asset-size threshold adjustments will take effect on January 1, 2010.
The FDIC estimates that very few banks will be affected. However, banks at the
margins should review their status to determine whether they have moved into the
intermediate small bank or large bank categories.
Current and historical asset-size thresholds are published on the Federal
Financial Institutions Examination Council's Web site at www.ffiec.gov/cra/.
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officers
Community Reinvestment Act
Joint Final Rule - PDF (PDF Help)
Janet Gordon, Senior Policy Analyst, Compliance Policy Section, firstname.lastname@example.org or (202) 898-3850; or
Susan van den Toorn, Counsel, email@example.com or (202) 898-8707
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site
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).