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EXAMINING ISSUANCE
Comptroller of the Currency
Administrator of National Banks
Type: Examining Circular
Subject:  Guidelines for Collateral Evaluation and Classification of
          Troubled Energy Loans

TO:  All Examining Personnel

Attached are revised guidelines adopted by the Office of the Comptroller
of the Currency, the Federal Deposit Insurance Corporation and the Federal
Reserve Board for the evaluation of collateral and the classification of
troubled oil and/or gas reserve-based loans. These guidelines are intended
to be used as guidance to assist the examiner in establishing more
consistent classifications in all energy lending banks. They should not be
applied as a substitute for a case by case analysis of all applicable
credit and collateral factors present in each individual credit.

Please discard any earlier guidelines you may have received. Comments and
questions may be referred to the Commercial Examinations Division,
Washington, DC. (202) 874-5490


ORIGINATING OFFICE

Chief National Bank Examiner's Office, Commercial Examinations Division,
Washington, DC. (202) 874-5490.


H. Joe Selby
Senior Deputy Comptroller
for Bank Supervision


Attachment

Date:  August 24, 1984