Federal Deposit
Insurance Corporation

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

Home > News & Events > Inactive Financial Institution Letters

Inactive Financial Institution Letters

Regulatory Relief
Guidance to Help Financial Institutions and to Facilitate Recovery in Areas of California Affected by Major Fires
October 26, 2007

Summary: The Federal Deposit Insurance Corporation (FDIC) has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of California damaged by recent fires.


  • Major wild fires have caused significant property damage to areas of California.
  • The counties of Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara and Ventura have been declared federal disaster areas.
  • The FDIC is encouraging financial institutions to work constructively with borrowers who are experiencing difficulties beyond their control because of damage caused by fires.
  • 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 for banks in the affected areas.

FDIC-Supervised Banks (Commercial and Savings)
in California

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 Fire
Damage in California

Case Manager Debra Rhodes at (415) 808-8060 or
DRhodes@fdic.gov or Case Manager P. Bonn
Phillips at (415) 808-8055 or PPhillips@fdic.gov

Printable Format:
FIL-93-2007 - PDF (PDF Help)

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 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 10/26/2007 communications@fdic.gov

Skip Footer back to content