CRA Regulations
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Community Reinvestment Act Annual Asset-Size Threshold Adjustment
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Bankers Digest Featured Article January 9, 2012 Issue
Source: Financial Institutions Letter, FIL-76-2011
The FDIC, the Federal Reserve Board, and the Office of the Comptroller of the Currency have published a final rule amending the Community Reinvestment Act (CRA) to adjust the asset-size threshold used to define “small bank” and “intermediate small bank” under the Act. Financial Institutions Letter (FIL-76-2011) is dated December 19, 2011. Statement of Applicability to institutions with total assets under $1 billion: FIL-76-2011 is applicable to all FDIC-supervised financial institutions... read more.