Regulatory Alerts2022-12-23 | 2022-27922Community Reinvestment Act Regulations Asset-Size Thresholds
The Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation jointly amended their Community Reinvestment Act regulations to adjust asset-size thresholds for small and intermediate small banks. These revisions reflect an 8.60 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers during the twelve months ending November 2022. Effective January 1, 2023, the threshold for small banks is set at less than $1.503 billion, while intermediate small banks are defined as having assets of at least $376 million but less than $1.503 billion.
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