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Financial Institution Letter

Hurricane Katrina Reminder of Supervisory Guidance for Financial Institutions Affected by Hurricane Katrina

February 5, 2007
Notes
 
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

Note:

FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/financial-institution-letters/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).



Additional Related Topics:

  • Hurricane Katrina Examiner Guidance at
FIL-14-2007
Attachment(s)
http://www.fdic.gov/news/inactive-financial-institution-letters/2006/fil06012.html .
Katrina Guidance Reminder

Last Updated: February 5, 2007