Natural Disaster Impact on Banking Operations
The FDIC works cooperatively with state, territory, and federal banking agencies as well as other organizations to determine the status of the financial institutions located in areas affected by natural disasters. This information will be updated as it becomes available to the FDIC and other state and federal regulators.
Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Flooding in the Midwest
The FDIC provides basic information to bank customers about how to prepare for and recover from natural disasters:
- Preparing Your Finances for a Flood, Fire or Other Disaster: Having a Plan (FDIC Consumer News)
- Disaster Recovery and Your Money: A Basic To-Do List (FDIC Consumer News)
- When People Face Tough Times, Crooks Try to Profit (FDIC Consumer News)
BankFind provides bank customers with branch locations, types of services, and bank websites.
Guidance for bankers will be developed as information becomes available from other Federal and State agencies.
FDIC Research: An Assessment of the Effects of Hurricanes on FDIC-Insured Institutions
Hurricanes Katrina and Rita took a heavy toll on the lives and livelihoods of millions of Gulf Coast residents. Even as Americans responded to the immediate humanitarian crisis that followed the storms, they gained a new appreciation for the economic importance of this region to the rest of the nation. Like other sectors, the region's banking industry was hit hard by Katrina and dealt with its consequences for some time. This issue of FDIC Outlook provides an assessment of Katrina's effects on local financial institutions and the regional and national economies.