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Summary of Shared National Credit Program

 

Item

2000

1999

1998

1997

1996

1995

All Credits

Total credits

Total amount (billion $)

1,946.8

1,829.4

1,759.0

1,435.5

1,200.6

1,062.9

Number of commitments

9,848

8,974

10,389

9,099

8,319

7,575

Number of borrowers

5,844

5,587

6,710

6,058

5,607

5,155

Loan amount
outstanding (billion $)

700.6

630.4

561.5

423.0

372.5

344.0

Adversely Rated Credits

Total credits
By amount (billion $)

Classified

63.3

37.4

22.0

22.2

27.4

28.2

Substandard

47.9

31.1

17.6

19.5

23.4

24.9

Doubtful

10.8

4.9

3.5

1.9

2.6

1.7

Loss

4.7

1.5

0.9

0.9

1.4

1.5

Special mention

36.3

31.4

22.8

19.6

16.9

18.8

By number
Classified

783

441

449

452

612

644

Substandard

588

367

335

339

436

486

Doubtful

131

50

66

61

89

82

Loss

64

24

48

52

87

76

Special mention

434

382

330

315

289

303

Loan amount outstanding (billion $)

Classified

56.0

33.3

18.1

18.1

24.0

25.3

Substandard

41.3

27.1

13.9

16.4

20.5

22.5

Doubtful

10.1

4.7

3.3

1.5

2.2

1.4

Loss

4.6

1.5

0.9

0.1

1.3

1.4

Special mention

27.2

22.9

15.4

12.6

11.6

13.1



Summary of Shared National Credit Program by Industry

Amounts in billions of dollars

Industry 2000 1999 1998
All Credits Adversely rated credits All Credits Adversely rated credits All Credits Adversely rated credits
Classified Special
mention
Classified Special
mention
Classified Special
mention
Manufacturing
Amount 557.5 19.6 18.0 529.4 12.0 14.4 507.7 8.7 10.9
Percent 100.0 3.5 3.2 100.0 2.3 2.7 100.0 1.7 2.2
Financial services
Amount 504.014.3 2.4 462.6 3.6 1.1 440.4 1.3 0.6
Percent 100.0 2.8 0.5 100.0 0.8 0.2 100.0 0.3 0.1
Transportation, communications, & utilities
Amount 287.1 6.1 4.3 271.4 2.8 2.8 266.4 1.9 2.2
Percent 100.0 2.1 1.5 100.0 1.0 1.0 100.0 0.7 0.8
Services
Amount 219.2 13.6 4.0 196.8 10.2 2.8 185.9 2.1 2.6
Percent 100.0 6.3 2.2 100.0 5.2 1.4 100.0 1.1 1.4
Wholesale & retail trade
Amount 177.3 7.4 4.6 166.3 5.7 5.6 163.8 4.8 3.6
Percent 100.0 4.2 2.6 100.0 3.4 3.4 100.0 3.0 2.2
Oil & gas
Amount 100.3 0.6 1.2 103.9 2.0 2.1 100.5 0.1 0.4
Percent 100.0 0.6 1.2 100.0 2.0 2.0 100.0 0.1 0.4
Other
Amount 101.5 1.7 1.7 99.2 1.1 2.7 94.4 3.1 2.5
Percent 100.0 1.7 1.7 100.0 1.1 2.7 100.0 3.2 2.7
All industries
Amount 1,946.8 63.3 36.3 1,829.4 37.4 31.4 1,759.0 22.0 22.8
Percent 100.0 3.3 1.9 100.0 2.0 1.7 100.0 1.3 1.3


Notes to the tables

Data are as of March 31. Certain data for 1999 have been revised. Industry groupings are based on reported Standard Industrial Classification (SIC) codes for borrowers.

A Shared National Credit is any loan or formal loan commitment extended to a borrower that in original amount aggregates to $20 million or more, and that is shared by three or more unaffiliated, supervised institutions under a formal lending agreement. Before 1999, loans included in the Shared National Credit Program comprised all loans or loan commitments of $20 million or more held by two or more supervised institutions. A supervised institution is considered to be any financial institution subject to supervision by a federal bank regulatory agency; this includes all FDIC-insured banks, their branches, subsidiaries and affiliates; federally licensed U.S. branches and agencies of foreign banks; state-licensed branches and agencies of foreign banks; and bank holding companies and their nonbank subsidiaries, and affiliates. U.S. representative or loan production offices of foreign banks or foreign offices of foreign banks are not considered supervised institutions for these purposes. Foreign offices of U.S. banks are generally not covered by the program.

"Classified" loans are as follows: Substandard--A Substandard asset is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the bank will sustain some loss if the deficiencies are not corrected. Doubtful--An asset classified Doubtful has all the weaknesses inherent in those classified Substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions and values, highly questionable and improbable. Loss--Assets classified Loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off a basically worthless asset even though partial recovery may be effected in the future. Loans listed for Special Mention (also known as "Other assets especially mentioned") are generally considered to be loans that have potential weaknesses that may, if not checked or corrected, weaken the asset or inadequately protect the bank's credit position at some future date.


Last Updated 10/11/2000 communications@fdic.gov