Request for Comment on Proposed Changes to Data Collection for Shared National Credits - District Notice

Federal Reserve Bank of Dallas2200 N. PEARL ST.DALLAS, TX 75201-2272December 29, 2004Notice 04-90TO: The Chief Executive Officer of eachfinancial institution and others concernedin the Eleventh Federal Reserve DistrictSUBJECTRequest for Comment on Proposed Changesto Data Collection for Shared National CreditsDETAILSThe Board of Governors, Office of the Comptroller of the Currency, Federal DepositInsurance Corporation, and Office of Thrift Supervision have requested public comment on pro-posed changes to the data collection process that supports the Shared National Credit review oflarge syndicated loans.The program, which has been in place since 1977, is an interagency examination andsupervision effort designed to evaluate loan commitments aggregating $20 million or more thatare shared by three or more supervised institutions. The program provides a process to assignuniform credit ratings for shared national credits in addition to collecting and analyzing datathat 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 efficien-cy 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 theproposal, the data collection changes would be implemented with the 2007 review, employingdata as of December 31, 2006.The Board ...