Regulatory Relief: Guidance to Help Financial Institutions and to Facilitate Recovery in Storm- and Flood-affected Areas of Texas and Oklahoma

GuidanceFederal Deposit Insurance Corporation (FDIC)General Information

In an update to FIL-61-2007, dated July 6, 2007, the Federal Deposit Insurance Corporation (FDIC) has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in additional areas of Texas and Oklahoma that are suffering from storms and flooding.

Highlights:

* Severe storms, tornadoes and flooding have caused significant damage to areas of Texas and Oklahoma.

* In Texas, 33 counties have now been declared federal disaster areas, with the addition of Guadalupe, Henderson, Nueces, Van Zandt, Walker and Zavala counties on August 7, 2007.

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