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CBAI Applauds New Law Improving Community Bank Access to Capital

December 22, 2014

CBAI applauds the recent enactment of a 2014 CBAI Federal Policy Priority for tiered regulation by increasing the Federal Reserve’s Small Bank Holding Company Policy Statement asset exemption from $500 million to $1 billion and also allowing small savings and loan holding companies to be covered by the Policy Statement provisions. It is estimated that 600 more bank and savings and loan holding companies will benefit from this increased threshold and that the Policy Statement will now cover close to 90% of all bank HCs and 75% of all savings and loan HCs. The Federal Reserve must propose a revised Policy Statement for comment within six months of the enactment of this legislation.

The ICBA has published a document answering frequently asked questions about this legislation. Read ICBA FAQ Document.