In our second part of our Community Reinvestment Act (CRA) procedures series, we discuss the leap from intermediate small bank (ISB) to large bank procedures and the CRA implications of making that shift. While there are many familiar aspects, there are several new concepts, as well as components in the framework that require greater intentionality from a planning and execution standpoint.
By diving into the components of the lending test that are unique to large banks, you’ll learn more about what to look at within your institution’s performance and monitoring for your CRA performance evaluation.
It’s important to recognize and understand risks to the financial sector, including cybersecurity. The Richmond Fed wants to ensure our financial institutions are prepared when the FFIEC’s Cybersecurity Assessment Tool (CAT) sunsets in August 2025. Take a look at some of the resources available to help assess cyber risk at your institution after we say goodbye to the CAT.
The Federal Reserve Board released the hypothetical scenarios for its annual stress test, which helps ensure that large banks can lend to households and businesses even in a severe recession.
During the first three months of 2025, more than 1.3 million transactions were settled on the FedNow Service, a 43 percent increase over the prior quarter.
The National Federal Reserve Financial Services website presents the products and services available for institutions in the Fifth District.
Any qualified state-chartered bank may become a member of the Federal Reserve System. Learn more and view our current state member banks, bank holding companies and savings and loan holding companies.
