Share This Page

Regulatory Relief FIL-85-2020

August 28, 2020 / Source: FDIC

Guidance to Help Financial Institutions and Facilitate Recovery in Areas of California Affected by Wildfires


The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of California affected by wildfires.

A copy of the guidance can be found on the FDIC's website.

Statement of Applicability to Institutions with Total Assets Under $1 Billion: This Financial Institution Letter (FIL) applies to all FDIC-supervised financial institutions.


  • Wildfires have caused significant property damage in areas of California from August 14, 2020 and continuing.
  • The Federal Emergency Management Agency (FEMA) declared a federal disaster for selected areas affected in California on August 22, 2020. FEMA may make additional designations after damage assessments are completed in the affected areas. A current list of designated areas is available at
  • The FDIC is encouraging banks to work constructively with borrowers experiencing difficulties beyond their control because of damage caused by the wildfires.
  • Banks that extend repayment terms, restructure existing loans, or ease terms for new loans in a manner consistent with sound banking practices, can contribute to the health of the local community and serve the long-term interests of the lending institution.
  • Banks may receive favorable Community Reinvestment Act consideration for community development loans, investments, and services in support of disaster recovery.
  • The FDIC also will consider regulatory relief from certain filing and publishing requirements.


FDIC-Supervised Institutions in California

Suggested Routing:

Chief Executive Officer
Compliance Officer
Chief Lending Officer

Related Topics

Publishing Requirements
Consumer Laws
Community Reinvestment Act