WASHINGTON - NCUA and the other federal and state financialregulators are distributing LESSONS LEARNED FROM HURRICANE KATRINA:Preparing Your Institution for a Catastrophic Event to theirregulated institutions. The booklet, just in time for hurricaneseason, outlines different financial institutions' experiences inthe aftermath of Hurricane Katrina and shares what they learnedthat other institutions could find helpful. The Federal FinancialInstitutions Examination Council and the Conference of State BankSupervisors drafted it. Though financial institutions' recovery andcontinuity plans generally worked well following Hurricane Katrina,the unprecedented destruction exceeded the expectations of someplans. Lack of communications made it difficult to locate missingpersonnel and restricted access to certain areas and energyshortages still disrupted some operations.

Additionally, the regulators pointed out:

* Multiple facilities were destroyed or sustained significantdamage.

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