August 10, 2018

FDIC FIL-41-2018 Guidance to Help Financial Institutions and Facilitate Recovery in Areas of California Affected by Wildfires and High Winds

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FIL-41-2018 - PDF (PDF Help)


The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of California affected by wildfires and high winds.

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


  • Wildfires and high winds caused significant property damage in areas of California from July 23, 2018, and continuing.
  • A federal disaster for selected areas in California was declared on July 23, 2018, to make federal assistance available to eligible individuals. 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 wildfires and high winds.
  • 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-41-2018

Suggested Distribution:

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

Suggested Routing:

  • Chief Executive Officer
  • Compliance Officer
  • Chief Lending Officer

Related Topics:

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


  • Assistant Regional Director Louis Cheng at (415) 808-8263 or

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