The Federal Deposit Insurance Corporation issued supervisory guidance offering regulatory relief to help FDIC-supervised financial institutions support recovery in parts of Missouri affected by severe storms, straight-line winds, tornadoes, and wildfires. The package encourages prudent loan accommodations for affected borrowers, highlights potential Community Reinvestment Act (CRA) consideration for qualifying disaster-recovery activities, and indicates flexibility where operational disruption impedes certain reporting and publishing obligations. Relief measures apply to all FDIC-supervised institutions, with affected areas identified as Bollinger, Butler, Camden, Carter, Franklin, Howell, Iron, Jefferson, Oregon, Ozark, Perry, Phelps, Reynolds, Ripley, St. Louis, Wayne, Webster, and Wright Counties, following damage on March 14–15, 2025 and a Federal Emergency Management Agency federal disaster declaration for selected areas on May 21, 2025, with possible additional designations. Examiners will not criticize prudent loan-term adjustments consistent with safe-and-sound practices, and CRA credit may be available for community development loans, investments, and services that revitalize or stabilize federally designated disaster areas. Institutions are also encouraged to monitor and take prudent steps to stabilize municipal securities and loans tied to affected areas, to notify the FDIC’s Kansas City Regional Office if they anticipate delays in filing Reports of Income and Condition or other reports, and to contact the regional office where disaster conditions affect compliance with publishing requirements for branch closings, relocations, or temporary facilities. Requests to operate temporary banking facilities will be expedited, typically starting with telephone notice, and the guidance notes that Regulation Z permits waiver or modification of the three-day rescission period for principal dwelling-secured loans in a bona fide personal financial emergency if the consumer provides the required statement; loan modifications should be evaluated under relevant accounting standards, including ASC Subtopic 310-10 as amended by ASU 2022-02 and ASC Topic 326.
Federal Deposit Insurance Corporation 2025-06-02
Federal Deposit Insurance Corporation provides supervisory relief and CRA flexibility for FDIC-supervised institutions in Missouri disaster counties
The Federal Deposit Insurance Corporation issued guidance for FDIC-supervised institutions in Missouri affected by severe weather, encouraging prudent loan accommodations and potential Community Reinvestment Act credit for disaster-recovery activities. Relief measures apply to specified counties following a federal disaster declaration, with flexibility in reporting and publishing obligations. Institutions should stabilize municipal securities and loans, notify the FDIC of reporting delays, and expedite requests for temporary banking facilities.