Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
2020 Shared National Credit Review released
The Federal Reserve Board, FDIC, and OCC have issued a joint press release has been issued by the FRB, FDIC, and OCC regarding the recently released Shared National Credit (SNC) Review. The review, which evaluates the quality of large syndicated loans, was conducted by the three agencies, and reflects examination of SNC loans originated on or before June 30, 2020. The 2020 results provide additional analysis focusing on borrowers in five industries that were affected significantly by the pandemic: entertainment and recreation, oil and gas, real estate, retail, and transportation services.
The 2020 SNC portfolio included 5,652 borrowers, totaling $5.1 trillion in commitments, up 5.0 percent from a year ago. Nearly half of the total commitments were leveraged loans. The percentage of "non-pass" loans, including special mention and classified SNC commitments, for the portfolio rose from 6.9 percent to 12.4 percent year over year. While U.S banks held nearly 45 percent of all SNC commitments, they held less than a quarter of non-pass loans. For leveraged borrowers operating in COVID-19 affected industries, non-pass loans rose from 13.5 percent to 29.2 percent year over year. Commitments to borrowers in COVID-19 affected industries represented about one-fifth of all SNC commitments.