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



Home > News & Events > Financial Institution Letters




Financial Institution Letters

Hurricane Katrina
Reminder of Supervisory Guidance for Financial Institutions Affected by Hurricane Katrina
FIL-14-2007
February 5, 2007


Summary: The federal financial regulatory agencies have jointly issued the attached reminder of Supervisory Guidance for Financial Institutions Affected by Hurricane Katrina (Katrina Guidance Reminder). The Katrina Guidance Reminder reemphasizes that working constructively with borrowers is in the long-term best interest of both the financial institution and the customer.

Highlights:

  • The Katrina Guidance Reminder recognizes that many communities and families may need an extended period of time to recover from the unprecedented magnitude of the devastation caused by Hurricane Katrina.
  • It also reminds examiners and financial institutions to consider the principles outlined in the Hurricane Katrina Examiner Guidance.

Distribution:
FDIC-Supervised Banks (Commercial and Savings)

Suggested Routing:
Chief Executive Officer
Chief Loan Officer
Chief Compliance Officer
Chief Information Technology Officer

Related Topics:
Hurricane Katrina Examiner Guidance at
http://www.fdic.gov/news/news/financial/2006/fil06012.html.

Attachment:
Katrina Guidance Reminder
Katrina Guidance Reminder - PDF 16k (PDF Help)

Contact:
Examination Specialist Beverlea (Suzy) Gardner at
bgardner@fdic.gov or (202) 898-3640

Printable Format:
FIL-14-2007 - PDF 28k (PDF Help)

Note:
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2007/index.html.

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies of FDIC financial institution letters may be obtained from the FDIC's Public Information Center (1-877-275-3342 or 703-562-2200).




Last Updated 03/21/2007 communications@fdic.gov