Supervisory practices regarding financial institutions affected by Texas Winter Storms

US Federal and state financial regulatory agencies have issued an interagency statement:

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators, collectively the agencies, recognize the serious impact of Texas Winter 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.

Perhaps this will be the order of the day to deal with climate change related disasters.

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