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Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Area…

July 11, 2018 / Source: FDIC

Financial Institution Letters

July 10, 2018

Regulatory Relief
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Texas Affected by Severe Storms and Flooding

Printable Format: FIL-37-2018 – PDF (PDF Help)


The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Texas affected by severe storms and flooding.

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


  • Severe storms and flooding caused significant property damage in areas of Texas from June 19, 2018, and continuing.
  • A federal disaster for selected areas in Texas was declared on July 6, 2018. Additional designations may be made 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 severe 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 local community and serve the long-term interests of the lending institution.
  • Banks may receive favorable Community Reinvestment Act (CRA) 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.

Continuation of FIL-37-2018

Suggested Distribution:

FDIC-Supervised Banks (Commercial and Savings) in Texas

Suggested Routing:

Chief Executive Officer
Compliance Officer
Chief Lending Officer

Related Topics:

Publishing Requirements
Consumer Laws
Community Reinvestment Act


Assistant Regional Director J. Mark Love at (972) 761-2034 or [email protected]


FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's website at

To receive FILs electronically, please visit

Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200).