Joint Release/Agencies Announce Shared National Credit Definition Change — 2017-12-21

Aggregate Loan Commitment Threshold Increased to Adjust for Inflation, and Changes in Average Loan Size 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. The reporting change provides regulatory relief to 82 financial institutions while reducing the dollar amount of loans identified as SNCs by 2 percent. As a result, the SNC program will continue to reflect a portfolio of more than $4.2 trillion in credit commitments. The table below provides details for the planned change.