Treas - OCC - "Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Texas Winter Storms"

Title: Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Texas Winter Storms Source: Treas - OCC Data/Action: News Releases Date: 2/22/2021 Text Preview: ...Regarding Financial Institutions Affected by Texas Winter Storms Joint Release Board of Governors of the Federal Reserve System Conference of State... ...Storms on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision. The agencies encourage institutions operating in the affected areas to meet the financial services needs of their communities. A complete list of the affected disaster areas can be found at https://www.fema.gov/disasters ... ...Winter Storms. Prudent efforts to adjust or alter terms on existing loans in affected areas should not be subject to examiner criticism. Institutions should individually...