The federal bank regulators announced asset-size thresholds Tuesday for small institutions to qualify for easier Community Reinvestment Act exams.
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Based on a 2.21% rise in the Consumer Price Index, the agencies said, institutions with less than $1.122 billion of assets will now be considered "small" for CRA purposes. Exams are to be simpler still for institutions with less than $280 million of assets.
Regulators adjust the thresholds annually to keep pace with changes in the CPI. Institutions with $280 million to $1.122 billion of assets, classified as "intermediate small," will qualify for an easier CRA exam but must undergo a "community development test." Institutions below the $280 million mark do not face the extra test.
