Regulatory Alerts2023-12-20 | 2023-27934Community 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 adjustments reflect a 4.06 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers, raising the small bank threshold to $1.564 billion and the intermediate small bank floor to $391 million. The revised definitions become effective on January 1, 2024, and apply to institutions assessed under the respective agencies' CRA rules.
Share