[Federal Register Volume 84, Number 248 (Friday, December 27, 2019)]
[Notices]
[Pages 71413-71414]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-27848]


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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

[Docket No. OP-1681]

FEDERAL DEPOSIT INSURANCE CORPORATION

RIN 3064-ZA08


Extension of Comment Period; Request for Information on 
Application of the Uniform Financial Institutions Rating System

AGENCY: The Board of Governors of the Federal Reserve System and the 
Federal Deposit Insurance Corporation.

ACTION: Notice and request for information; extension of comment 
period.

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SUMMARY: On October 31, 2019, the Board of Governors of the Federal 
Reserve System (Board) and the Federal Deposit Insurance Corporation 
(FDIC) (collectively, the agencies) published in the Federal Register a 
request for information (RFI) seeking information and comments from 
interested parties regarding the consistency of ratings assigned by the 
agencies under the Uniform Financial Institutions Rating System 
(UFIRS). The agencies have determined that an extension of the comment 
period until February 28, 2020, is appropriate.

DATES: The comment period for the notice published on October 31, 2019 
(84 FR 58383), regarding the RFI on application of UFIRS, is extended 
from December 30, 2019, to February 28, 2020.

ADDRESSES: You may submit comments by any of the methods identified in 
the proposal.

FOR FURTHER INFORMATION CONTACT: 
    Board: Alex Kobulsky, Senior Financial Institution Policy Analyst 
II, (202) 452-2031, and Anna Lee Hewko, Associate Director, (202) 530-
6260, Division of Supervision and Regulation; or Patricia Yeh, Senior 
Counsel, (202) 452-3089, Legal Division, Board of Governors of the 
Federal Reserve System, 20th and C Streets NW, Washington, DC 20551. 
For the hearing impaired only, Telecommunication Device for the Deaf 
(TDD), (202) 263-4869.
    FDIC: Rae-Ann Miller, Associate Director, Risk Management Policy; 
Samuel B. Lutz, Counsel, Supervision and Legislation Branch, Legal 
Division, Federal Deposit Insurance Corporation, 550 17th Street NW, 
Washington, DC 20429.

SUPPLEMENTARY INFORMATION: On October 31, 2019, the agencies published 
in the Federal Register a RFI seeking information and comments from 
interested parties regarding the consistency of ratings assigned by the 
agencies under UFIRS. The assigned ratings are commonly known as CAMELS 
ratings. The agencies also sought feedback concerning the current

[[Page 71414]]

use of CAMELS ratings by the agencies in their bank application and 
enforcement action processes. The RFI stated that the comment period 
would close on December 30, 2019. The agencies have received requests 
to extend the comment period. An extension of the comment period will 
provide additional opportunity for the public to prepare comments to 
address the questions posed by the agencies. Therefore, the agencies 
are extending the end of the comment period for the proposal from 
December 30, 2019, to February 28, 2020.

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority, December 12, 2019.
Ann E. Misback,
Secretary of the Board.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on December 16, 2019.
Annmarie Boyd,
Assistant Executive Secretary.
[FR Doc. 2019-27848 Filed 12-26-19; 8:45 am]
 BILLING CODE 6714-01-P 6210-01-P