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The Office of the Comptroller of the Currency, the Federal Reserve Board and the FDIC adjusted the asset-size thresholds used to define "small bank," ...
within Intellectual Property, International Law, Litigation and Mediation & Arbitration topic(s)
The Office of the Comptroller of the Currency, the Federal
Reserve Board and the FDIC adjusted 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. The joint final rule took effect on
January 1, 2020.
The joint final rule amends the asset threshold to:
less than $1.305 billion for small banks or small savings
associations as of December 31 of either of the prior two calendar
years; and
between $326 million and $1.305 billion as of December 31 for
both of the prior two calendar years, and as of December 31 for
either of the prior two calendar years for intermediate small banks
or intermediate small savings associations, respectively.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
