In addition, the Federal Reserve has taken steps with bankers and examiners to reinforce the expectations outlined in the interagency policy statement. For example, in January, Federal Reserve staff instituted an examiner training initiative that will underscore the importance of sound lending practices with Federal Reserve and state examiners across the United States.
Additionally, we have developed an interagency training program specifically for examiners reviewing CRE loans as part of the interagency Shared National Credit Program, which covers large syndicated loans, including the largest commercial real estate loans in the nation. 1  See Board of Governors of the Federal Reserve System (2010), “The January 2010 Senior Loan Officer Opinion Survey on Bank Lending Practices”.