Agencies Share Supervisory Practices for Institutions, Borrowers Affected by Irma

September 6, 2017

On September 6, 2017, the OCC, Board of Governors of the Federal Reserve, FDIC, and state bank regulators recognize the serious impact of Hurricane Irma on the customers and operations of many financial institutions and will provide regulatory assistance to affected institutions subject to their supervision.  The agencies encourage institutions in the affected areas to meet the financial services needs of their communities.


  • Lending: Bankers should work constructively with borrowers in communities affected by Hurricane Irma.
  • Community Reinvestment Act (CRA): Financial institutions may receive CRA consideration for community development loans, investments, or services that revitalize or stabilize federally designated disaster areas in their assessment areas or in the states or regions that include their assessment areas. For additional information, institutions should review the Interagency Questions and Answers Regarding Community Reinvestment at
  • Investments: Bankers should monitor municipal securities and loans affected by the hurricane.
  • Regulatory Reporting Requirements: Institutions affected by Hurricane Irma that expect to encounter difficulty meeting the agencies’ reporting requirements should contact their primary federal regulatory agency to discuss their situation.
  • Publishing Requirements: The agencies understand that the damage caused by the hurricane may affect compliance with publishing and other requirements for branch closings, relocations, and temporary facilities under various laws and regulations.
  • Temporary Banking Facilities: The agencies understand that many banks face power, telecommunications, staffing and other challenges in re-opening facilities after the hurricane.


A complete list of the affected disaster areas can be found at