FRB: Press Release–Credit quality of large loan commitments improves for second consecutive year–August 25, 2011

FRB: Press Release–Credit quality of large loan commitments improves for second consecutive year–August 25, 2011.

Released by:

  • Board of Governors of the Federal Reserve System
  • Federal Deposit Insurance Corporation
  • Office of the Comptroller of the Currency

The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs), and nonbanks improved in 2011 for the second consecutive year, according to the Shared National Credits (SNC) Review for 2011. A loan commitment is the obligation of a lender to make loans or issue letters of credit pursuant to a formal loan agreement.

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