Agencies Encourage Insured Depository Institutions to Assist Displaced Customers

Fed Reserve Dallas                                                               

A NOTICE FROM THE FEDERAL RESERVE BANK OF DALLAS:

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision(the agencies), and the Conference of State Bank Supervisors are asking insured depository institutions to consider all reasonable and prudent steps to assist with cash and financial needs of customers and credit union members in areas affected by Hurricane Katrina. The agencies are working with state regulatory agencies, financial industry trade groups, and affected financial institutions to identify customer needs and monitor restoration of services by institutions.

To Read the Complete District Notice 05-46, click here…

http://www.dallasfed.org/banking/notices/2005/not0546.pdf