WebJan 29, 2024 · Bank type is determined by a bank's asset size in the case of small, intermediate, and GPS banks and by business model in the case of wholesale and limited purpose banks. A bank's type generally determines the performance standards and related examination procedures used to evaluate the bank's CRA performance. WebFeb 16, 2024 · As proposed, there will not be a classification of Intermediate Small Bank for CRA. Small banks will continue to be evaluated under current small bank standards, with some additional requirements. Small banks will be those banks that had assets of $500 million or less in each of the previous four calendar quarters.
Agencies release annual CRA asset-size threshold adjustments
WebDec 16, 2024 · Community 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 adjustment to the threshold amount is based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI … WebSmall banks—those with total assets of less than $250 million, either independent or an affiliate of a holding company with total assets of less than $1 billion—are evaluated by more streamlined standards than those used for larger banks. At a small bank, examiners look at. the share of the bank's deposits used to make loans, good health cranberry
How to collect loan data for a Community Reinvestment Act exam
WebOct 25, 2024 · Community Reinvestment Act (CRA) Comptroller's Handbook; Corporate Application Search; Enforcement Action Search; Financial Institution Lists; ... Intermediate Small Bank: 6375: Farmers National Bank: Prophetstown: IL: 11/29/2024: Satisfactory: Intermediate Small Bank: 14418: Peoples National Bank of Kewanee: Kewanee: IL: … WebApr 11, 2024 · A A. Financial regulators propose new rules to expand and modernize law that targets inequities in bank lending. The Community Reinvestment Act (CRA) … WebJan 5, 2024 · An intermediate small bank or savings association will mean an institution with assets of at least $346 million as of December 31 of both of the prior two years, and less … good health credit card statement