Shared National Credit Program
Encyclopedia
The Shared National Credit Program is a review of large syndicated bank loans in the United States
conducted by the Board of Governors of the Federal Reserve, the Federal Deposit Insurance Corporation
, the Office of the Comptroller of the Currency
and the Office of Thrift Supervision
. The review covers all loans of $20 million or greater that are shared by three or more institutions. The review is annually beginning in 1977, and typically starts in March with results published around the beginning of the third quarter.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
conducted by the Board of Governors of the Federal Reserve, the Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. , the FDIC insures deposits at...
, the Office of the Comptroller of the Currency
Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency is a US federal agency established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States...
and the Office of Thrift Supervision
Office of Thrift Supervision
The Office of Thrift Supervision was a United States federal agency under the Department of the Treasury that charters, supervises, and regulates all federally- and state-chartered savings banks and savings and loans associations. It was created in 1989 as a renamed version of another federal agency...
. The review covers all loans of $20 million or greater that are shared by three or more institutions. The review is annually beginning in 1977, and typically starts in March with results published around the beginning of the third quarter.