Joint Release
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Office of Thrift Supervision
For immediate release December 16, 2004
Agencies Propose Data Collection Changes for Shared National Credits
The federal banking and thrift regulatory agencies today requested public comment on
proposed changes to the data collection process that supports the Shared National
Credit review of large syndicated loans.
The program, which has been in place since 1977, is an interagency examination and
supervision effort designed to evaluate loan commitments aggregating $20 million or
more that are shared by three or more supervised institutions. The program provides a
process to assign uniform credit ratings for shared national credits in addition to
collecting and analyzing data that regulators use to monitor credit conditions and trends
at the nation's largest banks.
The proposed data collection changes would enable the agencies to improve the
efficiency and effectiveness of credit reviews, support continued risk-focusing efforts in
the program, and provide comparative credit risk information to banks and regulatory
supervisors. Under the proposal, the data collection changes would be implemented
with the 2007 review, employing data as of December 31, 2006.
The interagency notice is attached. Comments are requested by February 15, 2005.
# # #
Attachment
Media Contacts:
Federal Reserve Andrew Williams (202) 452-2955
FDIC David Barr (202) 898-6992
OCC Kevin Mukri (202) 874-5770
OTS Erin Hickman (202) 906-6677
FDIC-PR-127-2004
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Office of Thrift Supervision
For immediate release December 16, 2004
Agencies Propose Data Collection Changes for Shared National Credits
The federal banking and thrift regulatory agencies today requested public comment on
proposed changes to the data collection process that supports the Shared National
Credit review of large syndicated loans.
The program, which has been in place since 1977, is an interagency examination and
supervision effort designed to evaluate loan commitments aggregating $20 million or
more that are shared by three or more supervised institutions. The program provides a
process to assign uniform credit ratings for shared national credits in addition to
collecting and analyzing data that regulators use to monitor credit conditions and trends
at the nation's largest banks.
The proposed data collection changes would enable the agencies to improve the
efficiency and effectiveness of credit reviews, support continued risk-focusing efforts in
the program, and provide comparative credit risk information to banks and regulatory
supervisors. Under the proposal, the data collection changes would be implemented
with the 2007 review, employing data as of December 31, 2006.
The interagency notice is attached. Comments are requested by February 15, 2005.
# # #
Attachment
Media Contacts:
Federal Reserve Andrew Williams (202) 452-2955
FDIC David Barr (202) 898-6992
OCC Kevin Mukri (202) 874-5770
OTS Erin Hickman (202) 906-6677
FDIC-PR-127-2004