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
Learn how to stay competitive with new research blog from @CUNA's econ/statistics dept in Wed's #NewsNow
13 hours ago
#FOMC meeting watch: Change in forward guidance expected #Market #NewsNow http://t.co/PH41VN1j9l
14 hours ago
Member growth at #creditunion continues despite mill closure #NewsNow http://t.co/rNRjLBjvX9
16 hours ago
CA/NV league pres/CEO Dykstra in @sacbee_news: Retailers should hold accountability in data breaches http://t.co/odyHd9N2OG
17 hours ago
Fin. lit. ideas percolate during .@NW_Banking #tweetchat #NewsNow http://t.co/nSS9Iiw0e0
17 hours ago