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).