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Federal Deposit
Insurance Corporation

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

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Inactive Financial Institution Letters

Regulatory Relief
Guidance to Help Financial Institutions and Facilitate Recovery In Areas of Louisiana and Texas Affected by Hurricane Ike
September 16, 2008

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


  • A federal disaster was declared on September 11, 2008, for selected parishes in Louisiana.
  • A federal disaster was declared on September 7, 2008, for selected counties in Texas.
  • 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 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 Louisiana and Texas
Affected by Hurricane Ike

Assistant Regional Director Joseph Meade at (972)
761-2068 or

Printable Format:
FIL-90-2008 - PDF (PDF Help)

To receive FILs electronically, please visit

FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at

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 9/16/2008

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