The Federal Deposit Insurance Corporation (FDIC) issued supervisory guidance setting out regulatory relief measures to support FDIC-supervised financial institutions and local recovery efforts in parts of Alaska affected by severe storms, flooding, and remnants of Typhoon Halong. The package encourages banks to work constructively with impacted borrowers and signals flexibility on certain supervisory and administrative requirements where disruption affects compliance. Relief and expectations cover lending, CRA, investments, reporting, publishing, consumer protections, and temporary facilities. For lending, the FDIC stated it will not criticize prudent loan-term adjustments, restructurings, or eased terms for new credit when consistent with safe-and-sound banking practices, and noted institutions should evaluate modifications under relevant accounting standards, including ASC Subtopic 310-10 as amended by ASU 2022-02 and ASC Topic 326. Institutions may receive Community Reinvestment Act consideration for qualifying community development loans, investments, and services supporting disaster recovery in federally designated disaster areas, and are encouraged to monitor and prudently stabilize exposures to affected municipalities. Operationally, affected institutions should notify the FDIC’s San Francisco Regional Office if they expect delays in filing Reports of Income and Condition or other reports, and contact the office if disaster-related disruption impedes compliance with publishing and related requirements for branch actions. The FDIC also noted Regulation Z’s option for consumers to waive or modify the three-day rescission period for principal dwelling-secured loans in a bona fide personal financial emergency, and said it will expedite requests to operate temporary banking facilities in affected areas. The affected areas identified are the Lower Kuskokwim Regional Educational Attendance Area, the Lower Yukon Regional Educational Attendance Area, and Northwest Arctic Borough. The FDIC referenced FEMA’s federal disaster declaration for selected areas on October 22, 2025, and noted additional FEMA designations may follow completion of damage assessments.
Federal Deposit Insurance Corporation 2025-11-06
Federal Deposit Insurance Corporation outlines supervisory relief and CRA flexibility for FDIC-supervised institutions in Alaska disaster areas
The FDIC issued guidance for regulatory relief to FDIC-supervised institutions in Alaska affected by severe weather and Typhoon Halong. It encourages banks to assist impacted borrowers and offers flexibility on supervisory requirements. Affected institutions should notify the FDIC’s San Francisco Regional Office of compliance disruptions, and the FDIC will expedite requests for temporary banking facilities in disaster areas.