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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.
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