The purpose of this bulletin is to state the Bureau's policy on disclosure of CAMEL ratings.

The Bureau has received several inquiries on whether a bank may or must disclose to its shareholders or the public either the composite CAMEL rating, component ratings, or both.

A bank may not disclose either composite or component CAMEL ratings to its shareholders or the public. The ratings are developed as part of the Bureau's examination process. As with all information furnished in a Report of Examination, CAMEL ratings are the property of the Bureau and are confidential. The information in a Report of Examination is provided to assist the bank's directors in meeting their responsibilities as Board members. The Bureau continues to encourage Boards of Directors to share the Report of Examination with attorneys, accountants, insurance professionals, and others whom the Board determines should be aware of the bank's financial condition. Any further disclosure is prohibited.

Pursuant to Section 29 of the Banking Code of 1969, as amended, MCL 487.329, the Commissioner has the discretion to disclose information concerning a bank, including CAMEL ratings, if he or she determines that disclosure is in the public interest. Neither bank management nor a bank Board of Directors has that discretion.

Accordingly, the Bureau expects that banks and their Boards of Directors will not disclose a composite CAMEL rating or any component of a CAMEL rating, except to the extent authorized.

Signed:	Eugene W. Kuthy, Commissioner
	Donald P. Mann, Director, Bank & Trust Division
Dated:	April 28, 1987