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Financial Institution Letter
Hurricane Katrina Examiner Guidance Interagency Supervisory Guidance for Institutions Affected by Hurricane Katrina
February 3, 2006
Notes
 


Summary: The federal banking, thrift and credit union regulatory agencies and the state supervisory authorities in Alabama, Louisiana and Mississippi have jointly issued the attached examiner guidance outlining the supervisory practices to be followed in assessing the financial condition of institutions affected by Hurricane Katrina.

Highlights:
  • Hurricane Katrina's devastating effects on the U.S. Gulf Coast region will continue to affect the business activities of the financial institutions serving that area for the foreseeable future.
  • The attached Interagency Supervisory Guidance for Institutions Affected By Hurricane Katrina describes examination procedures for institutions adversely affected by the hurricane.
  • In considering any supervisory response, examiners will give appropriate recognition to the extent to which weaknesses are caused by external problems related to the hurricane and its aftermath.

Distribution:
FDIC-Supervised Banks (Commercial and Savings)

Suggested Routing:
Chief Executive Officer
Chief Financial Officer
Chief Lending Officer

Note:
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/financial-institution-letters/2006/index.html .

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html .

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center (1-877-275-3342 or 703-562-2200).


FIL-12-2006
Attachments
FFIEC Accounting and Regulatory Reporting Questions & Answers at www.FFIEC.gov
Interagency Supervisory Guidance for Institutions Affected by Hurricane Katrina
Last Updated: February 3, 2006