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TREAS/OTS RIN: 1550-AC43 Publication ID: Spring 2011 
Title: Alternatives to the Use of External Credit Ratings in the Regulatory Capital Guidelines of the Federal Banking Agencies 
Abstract: The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (FRB), Federal Deposit Insurance Corporation (FDIC), and Office of Thrift Supervision (OTS) (collectively, the agencies) are seeking to gather information as they begin to work toward revising their regulations to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act). Section 939A of the Act requires all federal agencies to review their regulations that reference or require the use of credit ratings to assess the creditworthiness of an instrument. In addition, the Act further directs the agencies to remove such requirements that refer to or rely upon credit ratings, and to substitute in their place uniform standards of creditworthiness. 
Agency: Department of the Treasury(TREAS)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 567   
Legal Authority: 12 USC 1462 and 1462a    12 USC 1463 and 1464    12 USC 1467a    12 USC 1828 (note)   
Legal Deadline:
Action Source Description Date
Final  Statutory  Final Rule  07/21/2011 
Timetable:
Action Date FR Cite
ANPRM  08/25/2010  75 FR 52283   
ANPRM Comment Period End  10/25/2010    
NPRM  07/00/2011    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related Agencies: Joint: TREAS/OCC, FRS, FDIC; 
Agency Contact:
Sonja White
Director, Capital Policy
Department of the Treasury
Office of Thrift Supervision
1700 G Street NW.,
Washington, DC 20552
Phone:202 906-7857

Teresa Scott
Senior Project Manager
Department of the Treasury
Office of Thrift Supervision
1700 G Street NW.,
Washington, DC 20552
Phone:202 906-6478

Marvin L. Shaw
Counsel
Department of the Treasury
250 E Street, SW,
Washington, DC 20219
Phone:202 927-9096