18 Dec Agencies – Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions

December 18, 2020 – Annual adjustment to asset-size thresholds to define small, intermediate small banks, as required under the community reinvestment act (CRA) to determine asset-size for exams.

2021 Threshold

Adjustments are based on the average consumer price index for urban wage earners, clerical workers (CPI-W), each 12-months, ending in November, rounding to the nearest million. CPI-W increased 1.29% for the period ending in November 2020, resulting in a threshold change. A small bank means an institution that had assets of less than $1.322 million in the prior two years. Intermediate small banks, those with assets of at least $330 million, and less than $1.322 billion. For all thresholds, assets are as of December 31 of either of the prior two calendar years.

Effectiveness

These asset-size threshold adjustments will become effective on January 1, 2021.

For more information, visit www.fdic.gov.