OCC adjusts CRA bank size definitions

Today, OCC Bulletin 2021-67 announced revisions to the asset-size threshold amounts used to define “small bank or savings association” and “intermediate small bank or savings association” under the OCC's Community Reinvestment Act regulations. The thresholds—which apply to any national bank, federal savings association, or state savings association ("banks")—become effective January 1, 2022. Bulletin 2021-67 adjusts the threshold amounts based on the annual percentage change in a measure of the consumer price index and updates the thresholds included in the OCC’s 2021 CRA final rule.

Beginning January 1, 2022, a bank that, as of December 31 of either of the prior two calendar years, had assets of less than $1.384 billion is a “small bank or savings association” under the CRA regulations. A “small bank or savings association” with assets of at least $346 million as of December 31 of both of the prior two calendar years and less than $1.384 billion as of December 31 of either of the prior two calendar years is an “intermediate small bank or savings association” under the CRA regulations.