On October 30th, the federal banking regulators issued a joint statement concerning the impact of Hurricane Sandy. In supervising institutions affected by the hurricane, the agencies will consider the unusual circumstances they face. Financial institutions may receive Community Reinvestment Act 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. Bankers are reminded to monitor municipal securities and loans affected by the hurricane. Institutions affected by Hurricane Sandy that expect to encounter difficulty submitting accurate and timely regulatory report data for the September 30, 2012 report date should contact their primary federal regulatory agency to discuss their situation. The agencies do not expect to assess penalties or take other supervisory action against institutions that take reasonable and prudent steps to comply with regulatory reporting requirements if those institutions are unable to fully satisfy those requirements by the specified filing deadlines because of the effects of Hurricane Sandy. Similarly, institutions experiencing disaster-related difficulties in complying with any publishing or other requirements should contact their primary federal regulatory agency. Joint Press Release.