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 adjust asset-size thresholds for small and intermediate small banks. This technical amendment updates the definitions based on a 4.73 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers, raising the small bank threshold to $1.384 billion and the intermediate small bank minimum to $346 million. The revised thresholds became effective on January 1, 2022, without prior public notice as the adjustment is mandated by a pre-existing formula.
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