Comment period extended on proposed data collection changes for shared national credits.The federal banking and thrift institution Thrift institution An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions. regulatory agencies regulatory agency Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S. agreed on February 11, 2005, to extend the comment period for forty-five days on the proposed changes to the data collection process that supports the Shared National Credit review of large syndicated loans Syndicated Loan A very large loan in which a group of banks work together to provide funds for one borrower. There is usually one lead bank that takes a small percentage of the loan and syndicates the rest to other banks. Notes: Also known as a "syndicated bank facility. . The proposal was published in the Federal Register on December 20, 2004. The deadline was extended in response to requests from several banks asking the agencies to provide an additional period to review, analyze, and submit comments on the proposed interagency in·ter·a·gen·cy adj. Involving or representing two or more agencies, especially government agencies. statement. The public comment period on the interagency statement ended on April 7, 2005. The scope and comment process for this interagency statement remained as stated in the original Federal Register notice of December 20, 2004. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion