News Release 2010-149 | December 21, 2010

Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions

Joint Release

Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Office of Thrift Supervision,

WASHINGTON—The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. The annual adjustments for banks are required by the CRA rules.

Annual adjustments to these asset-size thresholds are based on the change in the average of the Consumer Price Index (CPI) for urban wage earners and clerical workers, not seasonally adjusted, for each 12-month period ending in November, with rounding to the nearest million.

As a result of the 2.21 percent increase in the CPI index for the period ending in November 2010, the definitions of small and intermediate small institutions for CRA examinations will change as follows:

  • Small bank" or "small savings association" means an institution that, as of December 31 of either of the prior two calendar years, had assets of less than $1.122 billion.
  • Intermediate small bank" or "intermediate small savings association" means a small institution with assets of at least $280 million as of December 31 of both of the prior two calendar years, and less than $1.122 billion as of December 31 of either of the prior two calendar years.

These asset-size threshold adjustments are effective January 1, 2011. The agencies will publish the adjustments in the Federal Register. In addition, the agencies will post a list of the current and historical asset-size thresholds on the Website of the Federal Financial Institutions Examination Council (http://www.ffiec.gov/cra).

Media Contacts

Federal Reserve Susan Stawick (202) 452-2955
FDIC Greg Hernandez (202) 898-6984
OCC Dean DeBuck (202) 874-5770
OTS William Ruberry (202) 906-6677

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Media Contact

Dean DeBuck
(202) 874-5770