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
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/.
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officers
Community Reinvestment Act
Joint Final Rule: http://www.gpo.gov/fdsys/pkg/FR-2012-12-21/pdf/2012-30775.pdf
Pamela A. Freeman, Senior Examination Specialist , Division of Depositor and
Consumer Protection, firstname.lastname@example.org or
(202) 898-3656; or Susan van den Toorn, Counsel, email@example.com or (202)
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web
site at www.fdic.gov/news/news/financial/2012/index.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).