Measuring Up: Agencies Release Annual CRA Asset-Size Thresholds for Small Institutions
The regulatory agencies announced the annual adjustment to the CRA (Community Reinvestment Act) asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under CRA. A "small bank" has assets of under $305 million as of December 31 of both of the prior two calendar years. Those meeting the small and intermediate small asset-size threshold are not subject to the reporting requirements applicable to large banks and savings associations. [12/22/14]
