SR 13-6 / CA 13-3 Supervisory Practices Regarding Banking Organizations and their Borrowers and Other Customers Affected by a Major Disaster or Emergency

Author(s): Federal Reserve Bank of San Francisco

On March 29, 2013, the Board of Governors of the Federal Reserve System issued SR 13-6 / CA 13-3. The purpose of the letter is to highlight the supervisory practices that the Federal Reserve can employ when banking organizations and their borrowers and other customers are affected by a major disaster or emergency. In this context, the Federal Reserve is affirming its long-standing policy of using available flexibility, consistent with statutory and regulatory requirements, to facilitate the recovery efforts of affected banking organization.