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Joint Release Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Office of Thrift Supervision




Federal Banking Agencies Issue Advisory on Confidentiality of Supervisory Ratings

For Immediate Release
FDIC-PR-18-2005
February 28, 2005

The federal banking and thrift agencies today issued an interagency advisory to remind financial institutions that they are prohibited by law from disclosing their CAMELS rating and other nonpublic supervisory information without permission from the appropriate federal banking agency.

Today's advisory is prompted by insurers who have requested or required banks and savings associations to disclose their CAMELS rating during the underwriting process for directors and officers liability coverage.

As a result of actions by insurers, the agencies have requested the assistance of the National Association of Insurance Commissioners (NAIC) in notifying insurance companies that the practice of requesting or requiring CAMELS ratings should be discontinued.

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Media Contacts
FDIC Tibby Ford (202) 898-6993
OCC Dean DeBuck (202) 874-5770
FRB Andrew Williams (202) 452-2955
OTS Erin Hickman (202) 906-6677



Last Updated 02/28/2005 communications@fdic.gov