To All Depository Institutions and Others
Concerned in the Second Federal Reserve District:
In a press release, the federal banking and thrift regulatory agencies 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 extension was granted 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.
Laurence C. Bonnemere
Assistant Vice President
Credit Risk Function
William L. Rutledge
Executive Vice President