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Out for Comment

Out for Comment

On July 26, the Board of Governors requested public comment on proposed revisions that would better align the bank holding company rating system with current supervisory practices. The proposed rating system incorporates an increased emphasis on risk management, a more flexible and comprehensive evaluation of financial condition, and an explicit determination of the likelihood that the nondepository entities of a holding company will have a significant negative impact on the depository subsidiaries.

Direct all comments to: Jennifer Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th St. and Constitution Ave., N.W., Washington, D.C. 20551. Comments are due by Sept. 21, 2004.

For more information about this proposal, visit www.federalreserve.gov/boarddocs/press/bcreg/2004/20040723/default.htm.

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