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Annual Adjustment of the Cap on Average Total Assets that Defines Community Financial Institutions

Notice Details
Type
Notice
Number
2022-N-17
Group
FHL Banks
Document Number
2022-28331
Federal Register Publish Date
12/29/2022
Federal Register Citation
87 FR 80184
PDF Format
Comment Status
Closed
Effective Date
01/01/2023

Annual Adjustment of the Cap on Average Total Assets that Defines Community Financial Institutions

Contact Information

​FOR FURTHER INFORMATION CONTACT: Janna Bruce, Division of Federal
Home Loan Bank Regulation, (202) 649-3202, Janna.Bruce@fhfa.gov; or Vickie Olafson, Assistant General Counsel, (202) 649-3025, Vickie.Olafson@fhfa.gov, (not tollfree numbers), Federal Housing Finance Agency, Constitution Center, 400 Seventh Street, SW, Washington, DC 20219.

Summary

​SUMMARY: The Federal Housing Finance Agency (FHFA) has adjusted the cap on average total assets that is used in determining whether a Federal Home Loan Bank (Bank) member qualifies as a “community financial institution" (CFI) to $1,417,000,000, based on the annual percentage increase in the Consumer Price Index for all urban consumers (CPI-U), as published by the Department of Labor (DOL). These changes took effect on January 1, 2023.