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Regulatory Relief FIL-33-2021

May 14, 2021 / Source: FDIC

Financial Institution Letter

Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Tennessee Affected by Severe Storms, Tornadoes, and Flooding


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

A copy of the Guidance can be found on the FDIC’s website.

Statement of Applicability: This Financial Institution Letter (FIL) applies to all FDIC-supervised financial institutions.


  • Severe storms, tornadoes, and flooding caused significant property damage in areas of Tennessee from March 25, 2021 through April 3, 2021
  • The Federal Emergency Management Agency (FEMA) declared a federal disaster for selected areas affected in Tennessee on May 8, 2021. 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 severe weather.
  • 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 Tennessee

Suggested Routing:

Chief Executive Officer
Compliance Officer
Chief Lending Officer

Related Topics:

Publishing Requirements
Consumer Laws
Community Reinvestment Act