OCC 2004-57  
OCC Bulletin

Subject:      Shared National Credit Program                                 
Description:  Proposed Data Collection Modernization

Date:         December 20, 2004

TO:  Chief Executive Officers of All National Banks, Federal
     Branches and Agencies, Department and Division Heads, and
     All Examining Personnel

The Office of the Comptroller of the Currency, the Board of
Governors of the Federal Reserve System (FRB), the Federal
Deposit Insurance Corporation, and the Office of Thrift
Supervision as an assisting agency (agencies) are seeking comment
on proposed changes to the Shared National Credit (SNC) Program
data collection process.  The proposed changes and request for
comment were published in the Federal Register on December 20,
2004 (attached).  Concurrently, the FRB is publishing a separate
Request for Information to gather information from prospective
contractors pertaining to system integration services to develop
a common system solution for supporting the program.

The agencies are proposing to standardize and expand the data
collection process to create a streamlined, risk-focused program
that recognizes and takes advantage of the significant advances
in bank risk management practices; leverages current technology;
facilitates the application of advanced credit risk analytics and
benchmarking techniques; and enables the production of meaningful
credit risk information for the agencies and reporting banks.

The agencies are proposing to implement the data collection
changes beginning with the 2007 SNC examination cycle, employing
data as of December 31, 2006.

Comments on the proposal will be accepted through February 15,
2005.  Feedback from this request will be used to develop a more
detailed notice for comment prior to any final implementation of
the proposed changes.  This more detailed notice will, to the
extent necessary, formally propose a new data collection process
and request comment on burden estimates pursuant to the Paperwork
Reduction Act.

For further information, contact Lou Ann Francis, Shared National
Credit Program coordinator or Larry Winter, director for Large
Bank Supervision at (202) 874-4610.



Douglas W. Roeder
Senior Deputy Comptroller for Large Bank Supervision


Attachment: 69 FR 76034
          [http://www.occ.treas.gov/fr/fedregister/69fr76034.pdf]