The interagency guidance stressed the importance of continuing to make prudent loans to creditworthy  2  BIS Review 95/2010  customers; 1 clarified standards for commercial real estate (CRE) loans and workouts; 2 and, most recently, restated supervisory views on lending to small businesses.
3 At the Federal Reserve, we have complemented the guidance with training programs for examiners and outreach to the banking industry that underscores the importance of sound lending practices. In January, Federal Reserve staff instituted a Systemwide examiner training initiative that is reaching Federal Reserve and state examiners all across the United States.