The Federal Reserve System and the Federal Deposit Insurance Corporation have announced new asset-size thresholds for categorizing banks under the Community Reinvestment Act for 2025. Starting January 1, 2025, a "small bank" is defined as one with assets less than $1.609 billion, while an "intermediate small bank" is one with assets between $402 million and $1.609 billion, based on the inflation-adjusted increase of 2.91% in the Consumer Price Index. These changes will remain in effect through December 31, 2025.
Simple Explanation
The Community Reinvestment rules tell banks how big or small they are supposed to be based on their money size. Starting in 2025, a "small bank" has less than $1.609 billion, and an "intermediate small bank" has between $402 million and $1.609 billion.