News Release 2005-14 | February 14, 2005

Agencies Extend Comment Period on Proposed Data Collection Changes for Shared National Credits

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

The federal banking and thrift regulatory agencies today 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 deadline extension is 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 and comments should be received on or before April 7, 2005.

Media Contacts:

Federal ReserveAndrew Williams(202) 452-2955
FDICDavid Barr(202) 898-6992
OCCKevin Mukri(202) 874-5770
OTSErin Hickman(202) 906-6677

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