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Friday, February 6, 2015

FHFA Increases Asset Cap for ‘Community Financial Institutions’

The FHFA raised the asset limit for what the agency legally defines as community financial institutions, increasing the cap from $1.108 billion to $1.123 billion.

The adjustment, which took effect on Jan. 1, is determined annually based on the Labor Department’s Consumer Price Index for urban consumers. Community financial institutions receive certain advantages in qualifying for Federal Home Loan Bank membership and in using FHLB advances.

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