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FRS RIN: 7100-AD44 Publication ID: Fall 2010 
Title: ●Regulation A--Extensions of Credit by Federal Reserve Banks Docket No. R-1371 
Abstract: On October 8, 2009, a notice of proposed rulemaking was published in the Federal Register for public comment (74 FR 51806). The Board is publishing for public comment a proposed amendment to Regulation A that would provide a process by which the Federal Reserve Bank of New York may determine the eligibility of credit rating agencies and the ratings they issue for use in the Term Asset-Backed Securities Loan Facility, which is maintained by the Federal Reserve Bank of New York and for which the Board has expressly set a particular credit rating requirement for collateral offered by the borrower. The proposed rule would not apply to discount window lending or other extensions of credit provided by the Federal Reserve System. In addition, the rule would only apply to asset-backed securities that are not backed by commercial real estate. This proposed amendment is designed to provide the Federal Reserve Bank of New York with a consistent framework for determining the eligibility of ratings issued by individual credit rating agencies when used in conjunction with a separate asset-level risk assessment process. The Board adopted the final rule in essentially the same form as the proposed rule, except for minor clarifying revisions (74 FR 65014). 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: None     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 USC 461   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Adopted Final Rule  12/04/2009  74 FR 65014   
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 
Agency Contact:
William R. Nelson
Associate Director
Federal Reserve System
Monetary Affairs,
Phone:202 452-3579

Chris Clubb
Special Counsel
Federal Reserve System
Legal Division,
Phone:202 452-3904