CRA Asset-Size Thresholds to Increase Slightly

The asset-size thresholds used to define “small” and “intermediate small” institutions under the Community Reinvestment Act regulations will increase slightly on Jan. 1, the federal banking agencies said today. Based on a 0.84 percent increase in the Consumer Price Index, a “small” institution will be one that had assets of less than $1.226 billion as of Dec. 31 of either of the previous two calendar years.

An “intermediate small” institution will be one that had assets of at least $307 million as of Dec. 31 of both of the previous two calendar years, and less than $1.226 billion as of Dec. 31 of either of the previous two calendar years.

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Monica C. Meinert

Monica C. Meinert is deputy editor of the ABA Banking Journal and a senior editor at the American Bankers Association, where she oversees ABA Daily Newsbytes.