- Shared National Credit Program
A program formed in 1977 to provide an efficient and consistent review and classification of any large syndicated loan. The program was established by the board of governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency.
The program currently covers any loan or loan commitment of at least $20 million that is shared by three or more supervised institutions. The agencies' review is conducted annually, usually in mid-year. In its 2009 review, the Federal Reserve said that "criticized assets," which included large syndicated loans classified in categories including doubtful or loss, reached $642 billion, up from $373 billion in the preceding year.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
National Association for Community College Entrepreneurship — The National Association for Community College Entrepreneurship (NACCE) is a non profit organization founded in 2002 to serve the mission of accelerating entrepreneurship at community and technical colleges in the United States. The organization… … Wikipedia
National Industrial Recovery Act — Front page of the National Industrial Recovery Act, as signed by President Franklin D. Roosevelt on June 16, 1933. The National Industrial Recovery Act (NIRA), officially known as the Act of June 16, 1933 (Ch. 90, 48 Stat. 195, formerly codified… … Wikipedia
National Exchange Club — The National Exchange Club – a service organization with 700 clubs and more than 21,000 members throughout the United States and Puerto Rico – celebrates its 100th anniversary in 2011. The Exchange Club was officially started in 1911 as a… … Wikipedia
Mechanics National Bank — National Mechanics Building The Mechanics National Bank was a Philadelphia, Pennsylvania, bank founded by and geared toward mechanics. Contents 1 History … Wikipedia
Chinese economic stimulus program — The stimulus includes plans to rebuild areas damaged by the 2008 earthquakes. The 2008–2009 Chinese economic stimulus plan (simplified Chinese: 扩大内需十项措施; traditional Chinese … Wikipedia
First Report on the Public Credit — The First Report on Public Credit was the first of three major reports on economic policy issued by American Founding Father and first United States Treasury Secretary Alexander Hamilton on the request of Congress. The report analyzed the… … Wikipedia
Earned income tax credit — The United States federal Earned Income Tax Credit (EITC or EIC) is a refundable tax credit. For tax year 2007, a claimant with one qualifying child can receive a maximum credit of $2,853. For two or more qualifying children, the maximum credit… … Wikipedia
Community bicycle program — Community bicycle programs (also known as Yellow bicycle programs, White bicycle programs, bike sharing, public bike or free bike) are one element of an international movement to build environmentally friendly transportation.Community programs… … Wikipedia
State Children's Health Insurance Program — The State Children s Health Insurance Program (SCHIP) – later known more simply as the Children s Health Insurance Program (CHIP) – is a program administered by the United States Department of Health and Human Services that provides matching… … Wikipedia
Supplemental Nutrition Assistance Program — SNAP logo The United States Supplemental Nutrition Assistance Program (SNAP), historically and commonly known as the Food Stamp Program, is a federal assistance program that provides assistance to low and no income people … Wikipedia