Shared National Credit Program

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Shared National Credit Program 1st and 3rd Quarter 2021 Reviews Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Washington, February 2022 - 1 - Table of Contents About the Shared National Credit (SNC) Program ........................................ .................... 2 Summary of Results ........................................ ........................................ .......................... 2 Leveraged Loans ........................................ ........................................ .............................. 2 SNC Commitments: Volume, Credit Quality, and Trends.

composition. While total commitments increased modestly, outstanding balances decreased 8.4 percent as borrowers repaid advances on revolving facilities that were taken to supplement liquidity at the onset of the pandemic. The number of borrowers and facilities increased modestly again in 2021 (see exhibit 1).

  Balance, Direct, Outstanding, Outstanding balances