On August 27th, the Board, FDIC, and OCC published the Shared National Credits Review for 2012. The review finds that credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations, and nonbanks improved in 2012 for the third consecutive year. The volume of criticized loans remained high at $295 billion compared with levels before the financial crisis, but declined 8.1 percent from 2011. Despite this progress, poorly underwritten loans originated in 2006 and 2007 continue to adversely affect the Shared National Credits portfolio. Joint Agency Press Release.