Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Fed adjusts small institution CRA thresholds
WASHINGTON (12/20/11)--The Federal Reserve has adjusted the asset-size thresholds it uses to define small bank, small savings association, intermediate small bank, and intermediate small savings associations under Community Reinvestment Act (CRA) regulations.

Under the new Fed standards:

  • Small banks or small savings associations will mean institutions that have held less than $1.16 billion in assets over the past two years;
  • Intermediate small banks or intermediate small savings associations will mean institutions that have held at least $290 million in assets over the past two years but less than $1.16 billion in assets in either of the last two years.
These standards will become effective on Jan. 1, according to the Fed.

The Fed bases these adjustments on changes to the average of the Consumer Price Index (CPI) for urban wage earners. That index increased by 3.43% between November 2010 and November 2011.
Other Resources

RSS print
News Now LiveWire
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
5 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
6 hours ago
.@madison_mag gets the cooperative scoop from @SummitDoMore's @kimsponem http://t.co/RxSCeSegie
6 hours ago
.@VantageWestCU emeritus chairman Whittaker inducted into @DCUC_HQ Hall of Fame http://t.co/dpeP4ME49U
8 hours ago
Australian newspaper covers Gen Y tips from @ServusCU at @WOCCU conference http://t.co/xqmLfZVwaI
9 hours ago