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Summary

�౦��Ϸ���� (�౦��Ϸ����) has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in Kiowa County, Kansas, which suffered major damage from tornadoes on May 4, 2007. 

Highlights

• Recent tornadoes have caused significant damage in Kiowa County, Kansas.
• The county was declared a Federal Disaster Area on May 6, 2007.
• The �౦��Ϸ���� is encouraging banks to work constructively with borrowers who are experiencing difficulties beyond their control because of damage caused by the storms.
• 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 �౦��Ϸ���� will also consider regulatory relief from certain filing and publishing requirements for banks in the affected areas.

Distribution

�౦��Ϸ����-Supervised Banks (Commercial and Savings) in Kansas 

Suggested Routing

Chief Executive Officer

Compliance Officer

Chief Lending Officer 

Note

�౦��Ϸ���� financial institution letters (FILs) may be accessed from the �౦��Ϸ����'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 �౦��Ϸ���� financial institution letters may be obtained through the �౦��Ϸ����'s Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200). 

Additional Related Topics

• Lending
• Investments
• Publishing Requirements
• Consumer Laws