Shared National Credit Report

The Shared National Credit (SNC) Program was established in 1977 to provide an efficient and consistent review and classification of SNC. The SNC definition includes any credit or credits to the same obligor, in the same credit agreement, and any asset such as real estate, stocks, notes, bonds, and debentures that are taken as debts previously contracted; that are extended to borrowers by a federally supervised institution, its subsidiaries, and affiliates and aggregates to $100 million or more; and that are shared by three or more unaffiliated supervised institutions. Many of these large loan commitments are also shared with foreign banking organizations and nonbanks, including securitization pools, hedge funds, insurance companies, and pension funds.