May 16, 2018

FDIC FIL-28-2018 Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Indiana Affected by Severe Storms and Flooding


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

Statement of Applicability to Institutions with Total Assets under $1 Billion: This Financial Institution Letter applies to all FDIC-supervised financial institutions.


  • Severe storms and flooding caused significant property damage in areas of Indiana from February 14 through March 4, 2018.
  • A federal disaster for selected areas in Indiana was declared on May 4, 2018. Additional designations may be made 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.
  • 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 local community and serve the long-term interests of the lending institution.
  • Banks may receive favorable Community Reinvestment Act (CRA) 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.

Continuation of FIL-28-2018

Suggested Distribution:

  • FDIC-Supervised Banks (Commercial and Savings) in Indiana

Suggested Routing:

  • Chief Executive Officer
  • Compliance Officer
  • Chief Lending Officer

Related Topics:

  • Lending
  • Investments
  • Publishing Requirements
  • Consumer Laws
  • Community Reinvestment Act


  • Assistant Regional Director Daniel J. Malone at (312) 382-7547 or

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