Online Bankers Training - CRA Thresholds Adjusted

The regulatory agencies recently announced that the asset-size thresholds for CRA were adjusted and will become effective January 1, 2014.

These thresholds determine whether an institution will be classified as a small bank, intermediate-small bank or large bank for CRA purposes.  For either of the prior two calendar year-ends (December 31, 2013 & December 31, 2012):

• A “small bank” or “small savings association” means assets less than $1.202 billion.

• An “intermediate small bank” or “intermediate small savings association” means assets of at least $300 million but less than $1.202 billion.

• A “large bank” or “large savings association” means assets of $1.202 billion or more.

Published
2013/12/23
Amy Kudlacek