The Federal Reserve and FDIC today announced the asset-size thresholds that will be used to define “small bank” and “intermediate small bank” under Community Reinvestment Act regulations for 2023. A small bank will be defined as an institution that, as of Dec. 31 of either of the prior two calendar years, had assets of less than $1.503 billion. An intermediate small bank will be an institution with assets of at least $376 million as of Dec. 31 of both of the prior two calendar years and less than $1.503 billion as of Dec. 31 of either of the prior two calendar years. The new thresholds take effect Jan. 1, 2023.
ABA, state bankers associations urge OCC to close yield loopholes in stablecoin rule
ABA and 52 state bankers associations submitted a comment letter to the OCC urging the agency to strengthen its proposed rule implementing the Genius Act to ensure a meaningful and enforceable prohibition on interest and yield payments tied...
