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What is meant by “Asset Range?

ASSET meant range
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What is meant by “Asset Range?

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This refers to an institution’s total assets reported on the most recent Call Report (for banks) or Thrift Financial Report (for thrifts) that is available at the time of the CRA examination. For example, if the current CRA examination date is January 10, 1997, and the bank’s September 30, 1996, Call Report (the most recent Call Report available at the time of the examination) show total assets of $300,000,000, then you should select “100,000 – 1,000,000” as the asset range (because $300,000,000 in thousands is $300,000). If you are not sure of the institution’s total assets, you should select “All” to capture all asset ranges.

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