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Federal Deposit
Insurance Corporation

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

Financial Institution Letters

FIL-49-2016
July 27, 2016

Prudent Risk Management of Oil and Gas Exposures

Printable Format:

FIL-49-2016 - PDF (PDF Help)

Summary:

FDIC-supervised institutions with direct or indirect oil and gas (O&G) exposures are reminded to maintain sound underwriting standards, strong credit administration practices, and effective risk management strategies. When O&G related borrowers experience financial difficulties, the FDIC encourages financial institutions to work constructively with borrowers to strengthen the credits and to mitigate losses where possible.

Statement of Applicability to Institutions with Total Assets Under $1 Billion: This FIL applies to FDIC-supervised financial institutions that have exposures to the O&G industry.

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Note:

FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2016/index.html.

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

Paper copies of FDIC FILs may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, Room E 1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).

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