The COVID Project
The record
- Jurisdiction
- Texas; Texas Department of Banking (State banking regulator) · Texas
- Level
- Sector regulator
- Authority
- Tex. Fin. Code § 37.001 (Commissioner may proclaim that an emergency exists and authorize closings)
- Issued
- 2020-03-16 Mar. 16, 2020
- Effective
- 2020-03-16
- End
- Examinations resumed offsite in June 2020 (Industry Notice 2020-08, Ex. 087); the closing proclamation continued through the Governor's disaster declaration (read as 2021-09-30)
- In force
- Mar. 16, 2020 to Sept. 30, 2021
- Quarters
- 2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Business closureWorkplace rulesOther
- Addressees
- all Texas state-chartered banks and trust companies
- Functions reached
- BR branches and offices (closure of 'all or part of your offices' authorized by proclamation)
- OP examinations moved offsite
- WF staffing
- CB customer support and accommodations
- Collection
- State insurance and banking regulators AGY-ST-INSURANCE-BANKING
Operative words
The purpose of this notice is to provide additional guidance to our institutions regarding customer support, pandemic preparedness including tips on emergency closures, and future examinations... Today, I issued a Proclamation allowing banks to close facilities as needed in response to this public health issue. I only ask that you keep us informed as you close all or part of your offices. Examination Activity: Our goal is to complete examinations that are in process. We plan to do these activities offsite.
Enforcement
Tex. Fin. Code ch. 37 (emergency closings), § 37.002(d) (notice), ch. 35 (enforcement)
Notes
The Commissioner's emergency-closing proclamation under Finance Code ch. 37 is the Texas banking regulator's order authorizing facility closures statewide; the proclamation itself is recited in this notice.