The Federal Deposit Insurance Corporation has announced supervisory relief to support FDIC-supervised financial institutions and customers affected by Super Typhoon Bavi in the Northern Mariana Islands, including Rota Municipality. The agency encourages institutions to work constructively with affected borrowers and will not criticize prudent loan modifications that are consistent with safe and sound banking practices. Institutions may receive Community Reinvestment Act consideration for qualifying disaster recovery activities and should prudently monitor municipal securities and loans in affected areas. The FDIC will consider disaster-related delays in regulatory reports and difficulties meeting publishing requirements, and will expedite requests for temporary banking facilities where offices have been damaged or institutions need to improve access to services.
2026-08-28Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation provides supervisory relief after Super Typhoon Bavi in the Northern Mariana Islands
The Federal Deposit Insurance Corporation is providing supervisory relief to institutions affected by Super Typhoon Bavi in the Northern Mariana Islands, including Rota Municipality. Measures include flexibility for prudent borrower assistance and reporting delays, potential Community Reinvestment Act consideration for recovery activities, and expedited requests for temporary banking facilities.