Regulatory Alerts2021-12-20 | 2021-27439Community Reinvestment Act Regulations
The Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation jointly amended their Community Reinvestment Act regulations to update asset-size thresholds for small and intermediate small banks. The agencies raised the small bank threshold to $1.384 billion and the intermediate small bank threshold to $346 million, applying a statutory formula tied to a 4.73 percent annual increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers. This technical amendment becomes effective on January 1, 2022, and imposes no new reporting or disclosure burdens on depository institutions.
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