New asset-size thresholds for anti-redlining regulation compliance for small bank and intermediate small bank were announced Thursday by the Federal Reserve and Federal Deposit Insurance Corp. (FDIC).
In releases, the two agencies said the 2.91% increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) — a measure of inflation — for the period ending in November 2024 resulted in small bank and intermediate small banks asset thresholds under the Community Reinvestment Act (CRA) as:
- A small bank is an institution that, as of December 31 of either of the prior two calendar years, had assets of less than $1.609 billion.
- An intermediate small bank is a small institution with assets of at least $402 million as of December 31 of both of the prior two calendar years and less than $1.609 billion as of December 31 of either of the prior two calendar years.
The thresholds are in effect from Jan. 1, 2025, through Dec. 31, 2025, the agencies said.
Agencies release annual asset-size thresholds under Community Reinvestment Act regulations
Leave a Reply