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This Document Has Been Retired.
Regulatory Relief: Meeting the Financial Needs of Customers Affected by Hurricane Sandy and Its Aftermath
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11/09/2012
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Description:The FDIC encourages depository institutions to consider all reasonable and prudent steps to assist customers in communities affected by recent storms. The FDIC realizes that although the effects of natural disasters on local businesses and individuals can be devastating, they often are transitory. The FDIC recognizes that efforts to work with borrowers in the affected communities can be consistent with safe-and-sound banking practices and in the public interest.
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Content Notes:Links to https://www.fdic.gov/regulations/resources/lessons/index.html|Lessons Learned From Hurricane Katrina: Preparing Your Institution for a Catastrophic Event
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Release Date:11/09/2012
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Update Date:11/14/2012
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Withdrawn Date:12/01/2018
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Agencies Involved:Federal Deposit Insurance Corporation (FDIC)
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Fdic Employee Involved:Gregory P. Wyka;Gregory P. Bottone;Timothy J. Hubby;
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Law Involved:Bank Secrecy Act
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Source:FDIC Website
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Memorandum To:FDIC-Supervised Banks (Commercial and Savings) in Connecticut, Delaware, District of Columbia, Maryland, Massachusetts, New Hampshire, New York, New Jersey, Pennsylvania, Rhode Island, Virginia, West Virginia
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FIL Number:FIL-47-2012
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