The FDIC is advising financial institutions of multiple forms of relief available in the Coronavirus Aid, Relief, and Economic Security (CARES) Act to small businesses through programs administered by the Small Business Administration (SBA), with the backing of the U.S. Department of the Treasury (Treasury). The FDIC encourages financial institutions to consider using these programs in a prudent manner as they actively work with small business borrowers with less financial flexibility to weather near-term operational challenges due to the Coronavirus Disease 2019 (referred to as COVID-19).
Statement of Applicability to Institutions under $1 Billion in Total Assets: This Financial Institution Letter (FIL) applies to all FDIC-supervised institutions.
Chief Executive Officer
Chief Credit Officer
Chief Risk Officer
Interagency Statement on Pandemic Planning
FDIC Statement on Financial Institutions Working with Customers Affect by the Coronavirus and Regulatory and Supervisory Assistance
Interagency Statement on Loan Modifications by Financial Institutions Working with Customers Affected by the Coronavirus
FAQs for Financial Institutions Affected by the Coronavirus
Paper copies of FDIC FILs may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).