- The federal banking agencies are amending their CRA regulations to publish an increase in the asset-size threshold to be used to define "small bank" and "intermediate small bank." The increase is based on the annual percentage change in the Consumer Price Index (CPI).
- As a result of the 3.32% increase in the CPI for the period ending in November 2006, the definitions of small and intermediate small banks for CRA examinations will change as follows:
- "Small bank" means a bank that, as of December 31 of either of the prior two calendar years, had assets of less than $1.033 billion.
- "Intermediate small bank" means a small bank with assets of at least $258 million as of December 31 of both of the prior two calendar years, and less than $1.033 billion as of December 31 of either of the prior two calendar years.
- These asset-size threshold adjustments are effective January 1, 2007.
- The final rule also makes a technical correction to regulatory changes that became effective on September 1, 2005, by adding a provision that was inadvertently deleted. The provision that was added as paragraph (d) to § 345.26 states: "The [agency] rates the performance of a bank evaluated under this section as provided in appendix A of this part." No change in the evaluation or rating of small banks will result from reinserting the provision.
- Current and historical asset-size thresholds will be published on the Federal Financial Institutions Examination Council's Web site at www.ffiec.gov/cra/.
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officers
Community Reinvestment Act
Joint Final Rule - PDF 57k (PDF Help)
Faye Murphy, Fair Lending Specialist, Compliance Policy
and Examination Support, email@example.com or (202) 898-
6613; or Susan VandenToorn, Counsel,
firstname.lastname@example.org or (202) 898-8707
FIL-2-2007 - PDF 30k (PDF Help)
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To receive FILs electronically, please visit
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obtained through the FDIC's Public Information Center, 3501
Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342