WebDec 16, 2024 · effective January 1, 2024. 85 FR 83747 (Dec. 23, 2024). The current CRA regulations provide that banks that, as of December 31 of either of the prior two calendar years, had assets of less than $1.322 billion are small banks. Small banks with assets of at least $330 million as of WebDec 17, 2024 · "Intermediate small bank" means a small institution with assets of at least $330 million as of December 31 of both of the prior two calendar years and less than …
FFIEC Community Reinvestment Act - Federal Financial …
WebDec 29, 2014 · Therefore, banks, savings associations, and credit unions with assets of $54 million or less as of Dec. 31, 2024, are exempt from collecting data in 2024. Dec. 23, 2024 The exemption threshold is adjusted to increase to $50 million from $48 million. WebDec 17, 2024 · On December 16, 2024, the Federal Reserve Board and the Federal Deposit Insurance Corporation today announced the 2024 updated asset-size thresholds used to define “small bank” and “intermediate small bank” under their Community Reinvestment Act (CRA) regulations. As a result of the 4.73 percent increase in the CPI-W for the period ... su riverhawk portal
CRA Asset-size Thresholds Announced for 2024 - TCA
WebDec 18, 2024 · “Intermediate small bank” means a small institution with assets of at least $330 million as of December 31 of both of the prior two calendar years and less than $1.322 billion as of December 31 of either of the prior two calendar years. These asset-size threshold adjustments are effective January 1, 2024. WebMar 23, 2024 · The CRA regulations provide five evaluation methods. Three are based on a bank's size, one is based on a bank's business strategy, and one is an option that any bank can take advantage of, regardless of size or business strategy. Small Bank (size) Intermediate Small Bank (size) Large Bank (size) WebCommunity Reinvestment Act (CRA) regulations to adjust the asset-size thresholds used to define “small bank” and “intermediate small bank.” As required by the CRA regulations, the ... Beginning January 1, 2024, banks that, as of December 31 of either of the prior two calendar years, had assets of less than $1.322 billion are small banks ... suriya kusuma korean drama actors name