• Hurricane Katrina's devastating effects on the U.S. Gulf Coast region will continue to affect the business activities of the financial institutions serving that area for the foreseeable future.
• The attached Interagency Supervisory Guidance for Institutions Affected By Hurricane Katrina describes examination procedures for institutions adversely affected by the hurricane.
• In considering any supervisory response, examiners will give appropriate recognition to the extent to which weaknesses are caused by external problems related to the hurricane and its aftermath.

Distribution:
FDIC-Supervised Banks (Commercial and Savings)

Suggested Routing:
Chief Executive Officer
Chief Financial Officer
Chief Lending Officer

Related Topics:
FFIEC Accounting and Regulatory Reporting Questions & Answers at www.FFIEC.gov

Attachment:
Interagency Supervisory Guidance for Institutions Affected by Hurricane Katrina
        Interagency Supervisory Guidance for Institutions Affected by Hurricane Katrina - PDF 36k (PDF
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Contact:
For Louisiana Institutions: Assistant Regional Director Cheryl Couch at ccouch@fdic.gov or (972) 761-2070
For Mississippi Institutions: Assistant Regional Director Pat Lenfert at plenfert@fdic.gov or (901) 821-5203
For General Inquiries: Examination Specialist Beverlea S. Gardner at bgardner@fdic.gov or (202) 898-3640

Printable Format:
FIL-12-2006 - PDF 29k (PDF Help)

Note:
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2006/index.html.

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center (1-877-275-3342 or 703-562-2200).