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Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

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Financial Institution Letters

Regulatory Relief
Steps to Help Rebuild Areas Affected by Hurricane Katrina
August 29, 2005

Summary: The Federal Deposit Insurance Corporation has announced a series of steps intended to facilitate the rebuilding process in areas damaged by Hurricane Katrina and associated severe storms.

  • 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

Suggested Routing:
Chief Executive Officer
Compliance Officer
Chief Lending Officer

Related Topics:
Publishing Requirements
Consumer Laws

Supervisory Practices Regarding Depository Institutions and Borrowers Affected by Hurricane Katrina and Associated Severe Storms

Assistant Regional Director Gale Simons-Poole at or (678) 916-2200 (Alabama and Florida)

Assistant Regional Director Cheryl Couch at or (972) 761-2070 (Louisiana)

Assistant Regional Director Patricia Lenfert at or (901) 821-5203 (Mississippi and Tennessee)

Printable Format:
FIL-85-2005 - PDF 46k (PDF Help)

FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at

To receive FILs electronically, please visit

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).

Last Updated 08/29/2005

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