Q: I am opening new bank accounts for people displaced by the recent hurricane. What information or identification do the Bank Secrecy Act or related regulations require me to obtain to open an account?

A: Bank Secrecy Act regulations require banks to obtain certain information about a person before opening a new account and to verify the identity of individuals within a reasonable time thereafter.

Under the interagency Customer Identification Program rules, before opening an account, a bank must obtain, at a minimum, an individual's

The FDIC is working cooperatively with all of the state and federal banking agencies and other organizations to determine the status of the financial institutions located in the affected areas. In an effort to provide information to those affected by the hurricanes, we are developing information and providing links to answer your questions about your banks.

The Web site will be updated frequently as information is made available.

General

Q. Is the government doing anything about the banking issues caused by Hurricane Gustav?

A. Federal and State regulators are closely monitoring the situation. We are in contact with state and national regulators to assess the day-to-day operations of the banking industry. While we can't provide financial institution-specific information, we can assure you that the United States banking industry is safe and sound.

Mortgage/Loan Repayment

September 14, 2005

Who Must Report: This Schedule must be completed by each financial institution with more than $ 100 million in Total Trust Assets as reported on Schedule A (Line 18, Column F). In addition, all non-deposit trust companies, whether or not they report any assets on Schedule A, must also file Schedule E. Institutions which are not required to file Schedule E are encouraged to file it on a voluntary basis.