Skip to content
The COVID Project
  1. Library
  2. State insurance and banking regulators
  3. AGY-ST-INSURANCE-BANKING-084

Ex. AGY-ST-INSURANCE-BANKING-084 Context (guidance or announcement) Primary source read

Industry Notice 2020-04

Treasury Memo Designates Financial Services Sector Essential Critical Infrastructure Workers

Charles G. Cooper, Banking Commissioner · Texas; Texas Department of Banking (Sector regulator)

The COVID Project
Context, not an order

This record is guidance or an announcement kept for context. It is not counted among the orders in force.

The record

Jurisdiction
Texas; Texas Department of Banking · Texas
Level
Sector regulator
Authority
Tex. Fin. Code § 11.301
Issued
2020-03-23 Mar. 23, 2020
Effective
2020-03-23
End
Not rescinded (read as 2020-06-30)
In force
Mar. 23, 2020 to June 30, 2020
Quarters
2020 Q2
Limitation types
Stay-at-homeOther
Addressees
  • chief executive officers and presidents of Texas state-chartered banks
Functions reached
  • WF bank employees traveling to work under local stay-home orders (Dallas, Harris, Bexar, Travis Counties and others from March 23-24, 2020)
  • BR
Character
context
Collection
State insurance and banking regulators AGY-ST-INSURANCE-BANKING

Operative words

On Sunday, March 22, 2020, the U.S. Treasury Department issued a memo stating that the financial services sector is identified as a Critical Infrastructure Sector by the Department of Homeland Security (DHS). The memo refers to guidance issued by DHS Cybersecurity and Infrastructure Security Agency (CISA) on Thursday, March 19, 2020, that listed essential workers for 16 critical [infrastructure sectors].

Enforcement

Informational (supports bank employees' movement under county and city stay-home orders)

Notes

The Department also posted an employee check-in letter template ('in2020-05bkemployeecheckin.pdf') for banks to give employees under the local orders.

Retrieval note

Cite it as context and cite the underlying order, statute or emergency rule it describes as the instrument. (Bulletins whose operative text imposes a mandatory duty on licensees under the regulator's own authority are excluded from this downgrade and listed separately for review.)).