Summary:
The Federal Deposit Insurance Corporation and the Federal Reserve Board are extending until February 28, 2020, the comment period for a request for information and comments from interested parties regarding the Uniform Financial Institutions Rating System (more commonly known as CAMELS ratings).
Statement of Applicability to Institutions with Total Assets under $1 Billion: This Financial Institution Letter announces an extension of the comment period for a request for information from any FDIC-supervised financial institution and the public.
Highlights:
- On October 31, 2019, the Federal Deposit Insurance Corporation and the Federal Reserve Board published a notice and request for comment in the Federal Register seeking information and comments from interested parties regarding the Uniform Financial Institutions Rating System (UFIRS).
- The agencies have extended the deadline to respond to this request for information until February 28, 2020.
- The agencies extended the comment period to allow interested persons more time to analyze the issues and prepare their comments, which were originally due by December 30, 2019.
Suggested Distribution:
- FDIC-Supervised Institutions
Suggested Routing:
- Board of Directors
- Chief Executive Officer
- Chief Financial Officer
- Chief Operating Officer
- Chief Risk Officer
Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E- 1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200).
FIL-87-2019