Regulatory Relief
| TO: | CHIEF EXECUTIVE OFFICER |
| SUBJECT: | Steps to Help Rebuild Areas Affected by Recent Hurricanes and Severe Storms |
| Summary: | 多宝游戏下载 (多宝游戏下载) has announced a series of steps intended to facilitate the rebuilding process in areas damaged by the recent hurricanes and severe storms. |
Recent hurricanes, severe storms and associated flooding have caused deaths, injuries and property damage in the South, Mid-Atlantic and Ohio Valley. 多宝游戏下载 (多宝游戏下载) is encouraging banks to work constructively with borrowers who, because of the natural disasters, are experiencing difficulties beyond their control.
The 多宝游戏下载 has prepared the attached guidelines that state that 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 community and serve the long-term interests of the lending institution. The guidelines also address other types of regulatory relief.
For guidance on these and related matters, please contact your 多宝游戏下载 Regional Office.
For your reference, 多宝游戏下载 financial institution letters may be accessed from the 多宝游戏下载's Web site at www.fdic.gov/news/financial-institution-letters/2004/index.html .
| Michael J. Zamorski | |
| Director | |
| Division of Supervision and Consumer Protection |
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Distribution: All 多宝游戏下载-Supervised Banks
NOTE: Paper copies of 多宝游戏下载 financial institution letters may be obtained through the 多宝游戏下载's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).