- Hurricane Katrina and associated severe storms have resulted in wind damage, heavy rainfall and flooding in the South.
- The FDIC is encouraging banks to work constructively with borrowers who, because of the natural disaster, are experiencing difficulties beyond their control.
- Extending repayment terms, restructuring existing loans or easing terms for new loans, if done in a manner consistent with sound banking practices, can contribute to the health of the community and serve the long-term interests of the lending institution.
- The FDIC will also consider regulatory relief from certain filing and publishing requirements.
FDIC-Supervised Banks (Commercial and Savings) in Alabama, Florida, Louisiana, Mississippi, and Tennessee
Chief Executive Officer
Chief Lending Officer
Supervisory Practices Regarding Depository Institutions and Borrowers Affected by Hurricane Katrina and Associated Severe Storms
Assistant Regional Director Gale Simons-Poole at email@example.com or (678) 916-2200 (Alabama and Florida)
Assistant Regional Director Cheryl Couch at firstname.lastname@example.org or (972) 761-2070 (Louisiana)
Assistant Regional Director Patricia Lenfert at email@example.com or (901) 821-5203 (Mississippi and Tennessee)
FIL-85-2005 - PDF 46k (PDF Help)
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2005/index.html.
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC FILs may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).