WASHINGTON, Jan. 7 -- Federal Reserve System has issued a notice called: Community Reinvestment Act Regulations Asset-Size Thresholds.
The notice was published in the Federal Register on Jan. 7 by Benjamin W. McDonough, Deputy Secretary of the Board.
Summary: Under their Community Reinvestment Act (CRA) regulations, the Board and the FDIC (collectively, the Agencies) annually adjust the asset-size thresholds used to define "small bank" and "intermediate small bank." As required by the CRA regulations, the adjustment to the threshold amounts is based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Applying this annual inflation adjustment methodology, the Agencies are announc...