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WHO IS REQUIRED TO REPORT CRA DATA?
- All state member banks, state nonmember
banks, national banks, and savings associations, except small
institutions, are subject to data collection and reporting requirements.
A small institution is a bank or thrift that, as of December 31
of either of the prior two calendar years, had total assets of
less than $250 million and was independent or an affiliate of
a holding company that, as of December 31 of either of the prior
two calendar years, had total banking and thrift assets of less
than $1 billion.
For example:
| Date |
Institution's
asset size |
Data
collection required for following calendar year? |
| 12/31/1994
|
$240 million |
No |
| 12/31/1995
|
$260 million |
No |
| 12/31/1996
|
$230 million |
No |
| 12/31/1997
|
$280 million |
No |
| 12/31/1998
|
$260 million |
Yes, beginning 1/01/1999 |
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- All institutions that are subject to the data
collection and reporting requirements must report the data for
a calendar year by March 1 of the subsequent year. In the example
above, the institution would report the data collected for calendar
year 1999 by March 1, 2000.
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