Agencies announce Shared National Credit definition change; aggregate loan commitment threshold incr

Federal Reserve Board press release December 21, 2017 --------- To adjust for inflation and changes in average loan size, the federal banking agencies on Thursday announced that, effective January 1, 2018, the aggregate loan commitment threshold for inclusion in the Shared National Credit (SNC) program will increase from $20 million to $100 million. This change will reduce reporting burden for a substantial number of banking institutions, with no material impact on the size of the portfolio evaluated. To learn more click on the picture below to read the article.