Supervision News Flash

In the last of our series on the Community Reinvestment Act, we introduce the service test differences between an intermediate small bank and a large bank. Depending on the size of the institution, the service test will evaluate how banks are meeting the needs of the communities they serve in their assessment areas.  

Since July 2025, one of the most common questions we receive as regulators is what will the impact of the Genius Act be on institutions within the Fifth Federal Reserve District?  While all rulemaking and policy don’t have to be written until October 2026, this article provides a general overview of the Act and a few topics within the Act that have been acknowledged. As policy and rules are determined, the Richmond Fed’s supervision division will continue to provide updates.

The third in our Community Reinvestment Act (CRA) procedures series outlines how community development activities are evaluated for large banks, specifically under the investment test. The investment test assesses a bank’s performance of supporting community development activities through donations and qualified investments. For large banks, innovation and responsiveness also are considered factors for evaluation in the investment test. Learn more about how our examiners are evaluating community development investments in the large bank test.                          

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. 

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. 

In a series of articles, our Consumer Affairs examiners will share the differences between small bank, intermediate small bank and large bank examination procedures as relates to the Community Reinvestment Act. This first article covers intermediate small bank procedures and the two associated tests.

Fraud schemes are popping up everywhere. Learn more about elder financial exploitation and the 2024 guidance associated with this type of fraud.