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Examination Rating System

Notice Details
Type
Notice
Number
2012-N-06
Group
Fannie Mae
Office of Finance
FHL Banks
Freddie Mac
Federal Register Publish Date
06/19/2012
Federal Register Citation
77 FR 36536
PDF Format
Comment Status
Closed
Comment Open Date
06/19/2012
Comment End Date
07/19/2012

Examination Rating System

Contact Information

FOR FURTHER INFORMATION CONTACT: Karen Walter, Senior Associate Director, Division of Examination Programs and Support, (202) 649-3405, Karen.Walter@fhfa.gov, or Carol Connelly, Principal Examination Specialist, Division of Examination Programs and Support, (202) 649-3232, Carol.Connelly@fhfa.gov, Federal Housing Finance Agency, 400 Seventh Street SW., Washington, DC 20024.

Summary

SUMMARY: The Federal Housing Finance Agency (FHFA) is requesting comments on a proposed new examination rating system, which would be used when examining Fannie Mae and Freddie Mac (Enterprises), the Federal Home Loan Banks (Banks), (regulated entity or entities), and the Banks’ Office of Finance. The new rating system would be based on a "CAMELSO" framework and would require an assessment of seven individual components dealing with Capital, Asset quality, Management, Earnings, Liquidity, Sensitivity to market risk, and Operational risk. The new system would replace those that had been developed by FHFA’s predecessor agencies, and FHFA intends to begin using the new ratings system for examinations that commence after January 1, 2013.

DATES: FHFA will accept comments in writing on or before July 19, 2012.

ADDRESSES: You may submit your comments by any one of the following methods. Please include the following information in the subject line of your submission: Federal Housing Finance Agency, Notice: Examination Rating System, Notice Number 2012-N-06.

  • Federal eRulemaking Portal: www.regulations.gov: Follow the instructions for submitting comments. If you submit your comment to the Federal eRulemaking Portal, please also send it by email to FHFA at RegComments@fhfa.gov to ensure timely receipt by FHFA.

  • Email: Comments to Alfred M. Pollard, General Counsel may be sent by email to RegComments@fhfa.gov.

  • Hand Delivered/Courier: The hand delivery address is: Alfred M. Pollard, General Counsel, Attention: Comments/Notice Number 2012-N-06, Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024. The package should be logged at the Seventh Street entrance Guard Desk, First Floor, on business days between 9 a.m. and 5 p.m.

  • U.S. Mail, United Parcel Service, Federal Express or Other Mail Service: The mailing address for comments is: Alfred M. Pollard, General Counsel, Attention: Comments/Notice Number 2012-N-06, Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024.