Agencies Issue Annual Adjustment To Asset-Size Thresholds For Small And Intermediate Small Institutions

On December 19, 2014, the Federal Reserve Board, FDIC and OCC issued an annual adjustment to the asset-size thresholds for small and intermediate small institutions required by the Community Reinvestment Act rules. Under these rules, small and intermediate financial institutions are examined using various procedures dependent on their asset-size classification. For the period ending November 2014, there was a 1.60 percent increase in the CPI index and the definitions of small and intermediate small institutions are altered as follows:

• "Small bank" or "small savings association" are defined as institution that had assets of less than $1.221 billion as of December 31 of either of the prior two calendar years.