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Advanced Search About the Fed News & Events Monetary Policy Supervision & Regulation Payment Systems Economic Research Data Consumers & Communities Board of Governors of the Federal Reserve System The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. Home > News & Events > Press Releases Joint Press Release December 19, 2007 Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Office of Thrift Supervision For immediate release Share The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define "small bank," "small savings association," "intermediate small bank," and "intermediate small savings association" under the Community Reinvestment Act (CRA) regulations. The annual adjustments for banks are required by the 2005 CRA regulatory amendments and for savings associations by the Office of Thrift Supervision's 2007 CRA regulatory amendments. Annual adjustments to these asset-size thresholds are based on the year-to-year change in the average of the Consumer Price Index (CPI) for Urban Wage Earners and Clerical Workers, not seasonally adjusted, for each 12-month period ending in November, with rounding to the nearest million. As a result of the 2.7 percent increase in the CPI for the period ending in November 2007, the definitions of small and intermediate small institutions for CRA examinations will change as follows: "Small bank" or "small savings association" means an institution that, as of December 31 of either of the prior two calendar years, had assets of less than $1.061 billion. "Intermediate small bank" or "intermediate small savings association" means an institution with assets of at least $265 million as of December 31 of both of the prior two calendar years, and less than $1.061 billion as of December 31 of either of the prior two calendar years. These asset-size threshold adjustments are effective January 1, 2008. The agencies will publish the adjustments in the Federal Register. In addition, the agencies will post a list of the current and historical assetsize thresholds on the web site of the Federal Financial Institutions Examination Council (www.ffiec.gov/cra). Attachment Media Contacts: Federal Reserve Board Deborah Lagomarsino FDIC David Barr OCC Dean DeBuck OTS William Ruberry 202-4522955 202-8986992 202-8745770 202-9066677 Last Update: December 19, 2007 BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM About the Fed News & Events Monetary Policy Supervision & Regulation Payment Systems Economic Research Data TOOLS AND INFORMATION Contact Publications Freedom of Information (FOIA) Office of Inspector General Budget & Performance | Audit No FEAR Act Español STAY CONNECTED Consumers & Communities Financial Stability Website Policies | Privacy Program Accessibility BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM 20th Street and Constitution Avenue N.W., Washington, DC 20551
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