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Highlights:
- 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.
Distribution:
FDIC-Supervised Banks (Commercial and Savings)
in Louisiana and Texas
Suggested Routing:
Chief Executive Officer
Compliance Officer
Chief Lending Officer
Related Topics:
Lending
Investments
Publishing Requirements
Consumer Laws
Katrina Guidance (http://www.ffiec.gov/katrina.htm
http://www.fdic.gov/news/news/financial/2006/fil06012.html)
Attachment:
Supervisory Practices Regarding Depository
Institutions and Borrowers in Louisiana and Texas
Affected by Hurricane Ike
Contact:
Assistant Regional Director Joseph Meade at (972)
761-2068 or jmeade@fdic.gov
Printable Format:
FIL-90-2008 - PDF (PDF Help)
Note:
To receive FILs electronically, please visit
http://www.fdic.gov/about/subscriptions/fil.html.
FDIC financial institution letters (FILs) may be
accessed from the FDIC's Web site at
www.fdic.gov/news/news/financial/2008/index.html.
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).
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