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    OCC Revises Asset Thresholds for Small Banks and Savings Associations

    January 07, 2019

    OCC published in the Federal Register revisions to the Community Reinvestment Act (CRA) regulations that became effective January 01, 2019. The revisions adjust the asset-size thresholds used to define a “small bank,” “small savings association,” “intermediate small bank,” and “intermediate small savings association.” The rule adjusts the threshold amounts based on the annual percentage change in a measure of the consumer price index.

    Beginning January 01, 2019, a national bank or savings association that, as of December 31 of either of the prior two calendar years, had assets of less than USD 1.284 billion is a  “small bank” or “small savings association” under the CRA regulations. A small bank or small savings association with assets of at least USD 321 million as of December 31 of both of the prior two calendar years and less than USD 1.284 billion as of December 31 of either of the prior two calendar years is an “intermediate small bank” or “intermediate small savings association” under the CRA regulations. National banks and savings associations with assets between USD 313 million and USD 321 million as of December 31, 2016 and December 31, 2017, or between USD 1.252 billion and USD 1.284 billion as of either of those dates, should review the revisions to asset thresholds described in this bulletin to determine whether their CRA performance evaluation criteria have changed.

     

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    Effective Date: January 01, 2019

    Keywords: Americas, US, Banking, Asset Threshold, Community Reinvestment Act, Small Banks, Intermediate Small Banks, OCC

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