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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 the Territory of American Samoa, Affected by an Earthquake, Tsunami and Flooding
October 1, 2009

Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in the territory of American Samoa, where an earthquake, a tsunami and flooding have caused severe property damage and casualties.

  • An earthquake, a tsunami and flooding that began on September 29, 2009, have caused significant property damage and casualties in the territory of American Samoa.
  • A federal disaster was declared on September 29, 2009.
  • The FDIC is encouraging banks to work constructively with borrowers experiencing difficulties beyond their control because of damage caused by these disasters.
  • 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 also will consider regulatory relief from certain filing and publishing requirements.

FDIC-Supervised Banks (Commercial and Savings)
in the territory of American Samoa

Suggested Routing:
Chief Executive Officer
Compliance Officer
Chief Lending Officer

Related Topics:
Publishing Requirements
Consumer Laws

Supervisory Practices Regarding Depository Institutions And Borrowers Affected By Earthquake, Tsunami and Flooding in the Territory of American Samoa - PDF (PDF Help)

Acting Assistant Regional Director Joseph Hull at (415) 808-8029 or

Printable Format:
FIL-60-2009 - 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 10/1/2009

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