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Out for Comment

The federal bank and thrift regulatory agencies are requesting comment on proposed changes to the supervisory framework for the classification of commercial credit exposures. The proposed guidance would replace the current commercial loan classification system categories–”special mention,” “substandard” and “doubtful”–with a two-dimensional framework: borrower rating and facility rating. Borrower rating measures the risk of the borrower defaulting, while facility rating focuses on the loss an institution would likely incur if a borrower defaulted on a loan.

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 June 30, 2005.

For more information about this proposal, visit www.federalreserve.gov/boarddocs/press/bcreg/2005/20050328/default.htm.

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