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.

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