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Financial Institution Letters

Regulatory Relief
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Kentucky and Arkansas Affected by Severe Winter Weather
February 6, 2009

Summary: The Federal Deposit Insurance Corporation (FDIC) has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Kentucky and Arkansas affected by recent severe weather.


  • Severe winter weather has caused significant property damage and long-term power outages in areas of Kentucky and Arkansas.
  • Federal disasters were declared on January 28, 2009, for selected counties in Kentucky and Arkansas.
  • The FDIC is encouraging banks to work constructively with borrowers experiencing difficulties beyond their control because of damage caused by the severe winter weather.
  • 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 Kentucky and Arkansas

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 Severe Winter Weather in Kentucky and Arkansas

For Kentucky, Acting Assistant Regional Director
Richard Perkins at (312) 382-7520 or

For Arkansas, Assistant Regional Director Joseph
Meade at (972) 761-2068 or jmeade@fdic.gov

Printable Format:
FIL-10-2009 - PDF (PDF Help)

FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2009/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 2/6/2009 communications@fdic.gov