Skip Header

Federal Deposit
Insurance Corporation

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

Home > News & Events > Inactive Financial Institution Letters

Inactive Financial Institution Letters

Regulatory Relief
Guidance to Help Financial Institutions and to Facilitate Recovery in Areas of Alabama, Mississippi, Louisiana and Texas Affected by Hurricane Gustav
September 3, 2008

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

Related Topics:
Publishing Requirements
Consumer Laws
Katrina Guidance (

Supervisory Practices Regarding Depository
Institutions and Borrowers in Areas Affected by
Hurricane Gustav in Alabama, Mississippi,
Louisiana and Texas

For Alabama, Assistant Regional Director David
Crumby at (678) 916-2173 or
For Mississippi, Louisiana and Texas, Assistant
Regional Director Wayne Nichols at (901) 821-
5203 or

Printable Format:
FIL-87-2008 - PDF (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 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).

Last Updated 9/3/2008

Skip Footer back to content