Regulatory Alerts2022-12-23 | 2022-27922Community Reinvestment Act Regulations Asset-Size Thresholds
The Federal Reserve Board and the FDIC jointly amended their Community Reinvestment Act regulations to update the asset-size thresholds defining small and intermediate small banks. Based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers, the rule raises the small bank asset limit to $1.503 billion and sets the intermediate small bank floor at $376 million, effective January 1, 2023. This technical amendment automatically adjusts the regulatory classifications without imposing new reporting requirements or substantive compliance burdens on depository institutions.
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