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Financial Institution Letter

Regulatory Relief Guidance to Help Financial Institutions and to Facilitate Recovery in Areas of Alabama, Mississippi, Louisiana and Texas Affected by Hurricane Gustav

Summary: The Federal Deposit Insurance Corporation (FDIC) has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of Alabama, Mississippi, Louisiana and Texas affected by Hurricane Gustav.


  • A federal disaster was declared on August 29, 2008, for Louisiana and selected counties in Texas.
  • A federal disaster was declared on August 30, 2008, for all counties in Alabama and Mississippi.
  • The FDIC is encouraging banks to work constructively with borrowers who are experiencing difficulties beyond their control because of damage caused by the hurricane.
  • 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.
  • Bankers and consumers who have questions related to the hurricane may call the FDIC toll- free at 1-877-ASK-FDIC, which is 1-877-275- 3342.

FDIC-Supervised Banks (Commercial and Savings)
in Alabama, Mississippi, Louisiana and Texas

Suggested Routing:
Chief Executive Officer
Compliance Officer
Chief Lending Officer

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 financial institution letters 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).

Additional Related Topics:

  • Lending
  • Investments
  • Publishing Requirements
  • Consumer Laws
Last Updated: September 3, 2008