Circular
Extension of Comment Period on Proposed Data Collection Changes for Shared National Credits
February 14, 2005
Circular No. 11681

To All Depository Institutions and Others  
    Concerned in the Second Federal Reserve District:

In a press release, the federal banking and thrift regulatory agencies agreed to extend for 45 days the comment period on the proposed changes to the data collection process that supports the Shared National Credit review of large syndicated loans published in the Federal Register on December 20, 2004.

The extension was granted in response to several banks asking the agencies to provide an additional period to review, analyze, and submit comments on the proposed interagency statement.

The public comment period on the interagency statement will now end April 7, 2005. The scope and comment process for this interagency statement remain as stated in the original Federal Register notice of December 20, 2004.

Press release  OFFSITE
Board’s notice pdf OFFSITE
Federal Register notice pdf OFFSITE
Dated December 20, 2004
Circular 11671 ››


Contacts:
Laurence C. Bonnemere
Assistant Vice President
Credit Risk Function
larry.bonnemere@ny.frb.org


William L. Rutledge
Executive Vice President