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FRS RIN: 7100-AD53 Publication ID: Fall 2010 
Title: ●Regulations H and Y--The Use of Credit Ratings in the Risk-Based Capital Guidelines of the Federal Banking Agencies (Docket No. R-1391) 
Abstract: Advance Notice of Proposed Rulemaking Regarding Alternatives to the Use of Credit Ratings in the Risk-Based Capital Guidelines of the Federal Banking Agencies section 939A of the Dodd-Frank Wall Street Reform and Consumer Protection Act requires the Agencies to review their regulations that (1) require the use of an assessment of creditworthiness of a security or money market instrument and (2) make reference to, or have requirements regarding, credit ratings. The agencies must modify their regulations to remove any reference to, or requirements of reliance on, credit ratings in such regulations and substitute in their place other standards of creditworthiness that the Agencies determine to be appropriate for such regulations. 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Prerule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 208 and 225   
Legal Authority: 12 USC 208   
Legal Deadline:
Action Source Description Date
Final  Statutory  Needs to be completed by 07/21/2011  07/21/2011 
Timetable:
Action Date FR Cite
Board Expects Advance Notice of Proposed Rulemaking by   12/00/2010    
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Federal, Local, State 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Thomas R. Boemio
Manager
Federal Reserve System
Division of Banking Supervision and Regulation,
Washington, DC 20551
Phone:202 452-2982