The Shared National Credit Program (SNC) was established in 1977 by the Board of Governors of the Federal Reserve System (FRS), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) - collectively known as “regulatory agencies”- to provide an efficient and consistent review and classification of any large, syndicated loan. A SNC is defined as any credit or credits to the same obligor, in the same credit agreement, where the aggregate commitment amount is greater than or equal to $100 million and is shared by three or more federally supervised, unaffiliated institutions. Supervised institutions are any financial institution subject to regulation by one of the three regulatory agencies. A non-bank subsidiary of a holding company is considered a supervised institution. The regulatory agencies' review is conducted bi-annually, in the first and third quarters each year. Reporting entities must submit SNC data via the OASIS-SNCnet (SNCnet) reporting application.
New SNCnet Technology
As External Linkannounced in November 2023, the regulatory agencies have undertaken an initiative to modernize the technology applications used to facilitate the SNC Program. The new technology, SNCnet, replaced eSNC for quarterly data submissions, starting with the September 30, 2024 data submission and are being leveraged for SNC reporting and examinations, starting with the 2025 SNC exams.
SNCnet Access
To access SNCnet, one of your bank’s SNC Firm Administrators must first complete and submit the SNC Contact Form. Banks regulated by the OCC should email the completed form to SNC@occ.treas.gov. FDIC and FRS regulated banks should email the completed form to kc.srm.snc.reporting@kc.frb.org and chi.sr.snc.exam.office@chi.frb.org. Once your account is set up, you will receive a “Welcome to OASIS” email that will direct you to login.gov to complete your two-factor identification, or for user accounts outside the United States, "Welcome to the Federal Reserve System" email that will direct you to create an Okta account. If you encounter login issues, please email sysoasissupport@dal.frb.org.
SNC Contact Form Instructions (last updated December 2024)
SNC Contact Form (last updated March 2025)
External LinkLogin.gov Instructions (see Login.Gov Help Center – Getting started with Login.gov)
Setting up Okta in OASIS (last updated October 2024)
Technical/Security Instructions for Whitelisting SNCnet (last updated September 2024)
SNCnet Instructions
SNC Reporting Validations (last updated October 2024)
SNCnet User Guide (coming soon)
SNCnet Release Notes (last updated December 2024)
Reporting Instructions
SNC Reporting Instructions (last updated September 26, 2024)
External LinkReconciliation Process
SNC Reporting Changes External LinkWebinar and External LinkPresentation
The above video and presentation cover changes to the reporting instructions shared by the SNC Program team during a webinar hosted in April 2024. Please note, some additional reporting instruction changes have been implemented since the webinar, so please refer to the SNC Reporting Instructions for the most current instructions.
XML Reporting Instructions
External LinkSNC Agent XSD (last updated October 2024)
External LinkSNC Participant XSD (last updated October 2024)
SNC XML References (last updated October 2024)
Results Retrieval Instructions
Results Retrieval Instructions (last updated April 2025)
Additional Information
Concordance Mapping (last updated January 2025)
Publication
Aggregate results are published annually in an interagency press release on the External LinkFederal Reserve Board's website.
Contact Us
For reporting-related questions, please e-mail KC.SRM.SNC.Reporting@kc.frb.org.
For SNCnet Technology questions, please email SYS.SR.SNC.Technology.Office@frb.gov.
For login issues, such as password resets or account reactivations, please email sysoasissupport@dal.frb.org