In the past, Reserve Bank examiners reviewed each bank in much the same way-looking over the bank's books on-site and evaluating the quality of its assets and its ability to cover loan losses. So the Federal Reserve examines banks regularly to identify and contain bank risks. The nation's banking system is only as safe and sound as the banks within the system. How sensitive is the bank to market risk? For example, if most of the bank's loans are home mortgages, what will happen to the bank if the housing market shrinks? Is the bank making loans that are likely to be paid back? Are the bank's investments likely to be profitable?ĭoes the bank's management make sound decisions?ĭoes the bank have enough money on hand or is its money tied up in assets? CAMELS Ratingĭoes the bank have enough money, loan income, and investments to cover its deposits and business costs? Banks are issued points from 1 to 5, where 1 is the highest rating and 5 is the lowest. Examiners rank the bank in the following six categories. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.Īs a matter of policy, BBB does not endorse any product, service or business.Bank examiners use a CAMELS rating to describe a bank's soundness. BBB Business Profiles are subject to change at any time. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.īBB Business Profiles generally cover a three-year reporting period. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. BBB Business Profiles may not be reproduced for sales or promotional purposes.īBB Business Profiles are provided solely to assist you in exercising your own best judgment.
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