US regulators issue emergency guidance on Texas storms

Texas snowstorm Feb 2021
Members of the Texas National Guard push a stranded car after abnormally severe snowfall
US National Guard

US bank supervisors have issued an “interagency statement” outlining their regulatory approach in the aftermath of the severe winter storms that struck Texas earlier this month.

Four federal agencies co-signed the February 22 statement, including the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency.  

Regarding potentially distressed loans, the agencies said that “not all modifications will result in a troubled debt restructuring”

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.