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Act and made a separate law known as the Federal Deposit Insurance Act. The act also made numerous amendments to the former deposit insurance statutes.


FDIC insures, up to the statutory limitation, the deposits in national banks, in State banks that are members of the Federal Reserve System, and in State banks that apply for Federal Deposit Insurance and meet certain prescribed qualifications.

In the event of a bank failure, the claim of each depositor (up to $100,000) is promptly paid upon assignment to FDIC of the depositor's rights to recoveries to the extent of his or her insured deposits.

FDIC may make loans to or purchase assets from insured banks in order to facilitate mergers or consolidations, when such action for the protection of depositors will reduce risks or avert threatened loss to FDIC. FDIC will make possible the reopening of a closed insured bank or prevent the closing of an insured bank when it considers the continued operation of such bank essential to providing adequate banking services in the community.

The Federal Deposit Insurance Act authorizes FDIC to terminate the insured status of a bank that continues, after notice and hearing, to engage in unsafe and unsound banking practices or in violation of law or regulations; publish notice of such termination; and regulate the manner in which the bank shall give the required notice of such termination to depositors (whose deposits in the bank at the time of termination continue to be insured for 2 years).

FDIC acts as receiver for all national banks placed in receivership and for State banks placed in receivership when it is appointed by State authorities.

To inform the public that the deposits of certain banks are insured, FDIC prescribes rules and regulations relating to the use of its name and symbol in bank advertising.

Other functions and activities performed by FDIC in relation to insured State banks that are not members of the

Federal Reserve System, except banks in the District of Columbia, are to:

-examine such banks periodically to determine their condition for insurance purposes;

-pass upon conversions, mergers, or consolidations and assumption of deposit liability transactions between insured banks and noninsured banks or institutions;

-approve or disapprove mergers, consolidations, acquisitions, and assumption transactions between insured banks where the resulting banks are to be insured nonmember State banks;

-furnish a report on the competitive factors in similar applications that come before the Board of Governors of the Federal Reserve System and the Comptroller of the Currency;

-approve or disapprove a proposal to reduce or retire the capital of a bank;

-approve or disapprove a proposal by a bank to establish and operate a new branch or move its main office or any branch from one location to another;

-issue cease-and-desist orders to a bank or to a banker with respect to specific violations or practices or, in situations involving personal dishonesty, suspend or remove bank personnel responsible for such actions, when corrective action is not obtainable by the State supervisory authority;

-administer the regulations and reporting provisions of the Securities Exchange Act (15 U.S.C. 78a) with respect to securities issued by banks that are subject to provisions of that act;

-require reports of changes in the ownership of outstanding voting stock of a bank that will result in a change in control of the bank, and reports of any loan secured by 25 percent or more of the stock;

-require reports of condition, income, and other data of banks;

-require insurance protection of banks against burglary, embezzlement, and other similar insurable losses; -regulate the advertising of deposits and interest by banks;

-require banks to install, maintain, and operate a level of security designed to discourage robbery, burglary, and

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Sources of Information

Inquiries for information on the following subjects may be directed to the specified office, Federal Deposit Insurance Corporation, 550 Seventeenth Street NW., Washington, DC 20429. Bank Depositors and Customers It is easiest for bank depositors and customers to obtain information about deposit insurance at any insured bank, where explanatory material is available. This is also true with respect to certain aspects of the truth-in-lending legislation that FDIC administers in part. Each bank regulatory agency has established a division of consumer affairs to deal with questions of interest to bank depositors and customers. In this connection, inquiries may be directed to the Director, Office of Consumer Affairs, or FDIC's toll-free consumer hotline, 1-800-4245485.

Contracts and Procurement

Individuals seeking to do business with

FDIC may obtain detailed information from the Support Services Section, Division of Accounting and Corporate Services. Phone, 202-898-3661. Employment FDIC has a continuing college recruitment program. Information about this program, employment inquiries and applications, and related requests should be directed to the Director, Office of Personnel Management. Phone, 202898-3890.

General Inquiries Inquiries regarding types of records available to the public (including records available under the Freedom of Information Act) should be directed to one of FDIC's 12 regional offices or to the Office of the Executive Secretary. Phone, 202-898-3811. For general information on topics such as the U.S. banking system, bank failures, deposit insurance, and FDIC history, contact the Office of Corporate Communications. Phone, 202-898–


For further information, contact the Corporate Communications Office, Federal Deposit Insurance Corporation, 550 Seventeenth Street NW., Washington, DC 20429. Phone, 202–898-6995.


999 E Street NW., Washington, DC 20463
Phone, 202-376-3120, or toll free, 800-424-9530


Vice Chairman


Secretary of the Senate (ex officio)

Clerk of the House of Representatives (ex officio)

Statutory Officers:

Staff Director

General Counsel









The Federal Election Commission (FEC) is an independent agency established by section 309 of the Federal Election Campaign Act of 1971, as amended (2 U.S.C. 437c). It is composed of six Presidentially appointed Commissioners and two ex officio, nonvoting

members-the Secretary of the Senate and the Clerk of the House of Representatives. The act also provides for two statutory officers-the Staff Director and the General Counsel—who are appointed by the Commission.


The Commission administers and enforces the Federal Election Campaign Act of 1971, as amended (2 U.S.C. 431 et seq.), and the Revenue Act (26 U.S.C. 1 et seq.). These laws provide for the public funding of Presidential elections, public disclosure of the financial activities of political committees involved in Federal elections, and limitations and prohibitions on contributions and expenditures made to influence Federal elections (Presidency, Senate, and House).

Public Funding of Presidential Elections The FEC oversees the public financing of Presidential elections by certifying Federal payments to primary candidates, general election nominees, and national nominating conventions. It also audits recipients of Federal funds

and may require repayments to the U.S. Treasury if a committee makes nonqualified campaign expenditures. Disclosure The Commission ensures the public disclosure of the campaign finance activities reported by political committees supporting Federal candidates. Committee reports, filed regularly, disclose where campaign money comes from and how it is spent. The agency places reports on the public record within 48 hours after they are received and computerizes the data contained in the reports.

Contribution Limits and Prohibitions The Commission administers and enforces the law with respect to limits and prohibitions on contributions and expenditures made to influence Federal elections.

Voluntary Compliance The

Commission seeks voluntary compliance with the above provisions of the law by providing information through a toll-free telephone line, publications, seminars, regulations (which clarify the law), and advisory opinions (which interpret the law in specific factual situations). Enforcement The Commission has exclusive jurisdiction with respect to the civil enforcement of the campaign finance laws. Possible violations of the law are brought to the Commission's attention either internally (through report review procedures and audits) or

externally (through complaints filed by the public or referrals from other government agencies). The agency seeks to resolve compliance matters through conciliation; it may bring suit when conciliation fails. The agency also defends the law in court.

Sources of Information Clearinghouse on Election Administration The Clearinghouse compiles and disseminates election administration information related to Federal elections. It also conducts independent contract studies on the administration of elections. For further information, call 202-376-5670 or, toll free, 800-424-9530.

Congressional Affairs Office This Office serves as primary liaison with Congress and executive branch agencies. The Office is responsible for keeping Members of Congress informed about Commission decisions and, in turn, for informing the agency on legislative developments. For further information, call 202-376-5136 or, toll free, 800424-9530.

Employment Inquiries regarding employment opportunities should be directed to the Director, Personnel and Labor Management Relations. Phone, 202-376-5290 or, toll free, 800-424


General Inquiries The Information Services Division provides information and assistance to Federal candidates, political committees, and the general

public. This division answers questions on campaign finance laws, conducts workshops and seminars on the law, and provides publications and forms. Those who seek information or materials should call 202-376-3120 or, toll free, 800424-9530.

Media Inquiries The Press Office handles inquiries from print and broadcast media sources around the country; issues press releases on Commission actions and statistical data; responds to informational requests; and distributes other materials. All persons representing media should direct inquiries to the Press Office. For further information, call 202-376-3155 or, toll free, 800-424-9530.

Public Records The Office of Public Records, located at 999 E Street NW., Washington, DC, provides space for public inspection of all reports and statements relating to campaign finance since 1972. It is open Monday through Friday from 9 a.m. to 5 p.m. and has extended hours during peak election periods. The public is invited to visit the Office or obtain information by calling 202-376-3140 or, toll free, 800-424


Reading Room The library contains a collection of basic legal research resources, with emphasis on political campaign financing, corporate and labor political activity, and campaign finance reform. It is open to the public on weekdays between 9 a.m. and 5 p.m. For further information, call 202-3765312 or, toll free, 800-424-9530.

For further information, contact Information Services, Federal Election Commission, 999 E Street NW., Washington, DC 20463. Phone, 202-376-3120 or, toll free, 800-424-9530.

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[For the Federal Emergency Management Agency statement of organization, see the Code of Federal Regulations, Title 44, Part 2]

The Federal Emergency Management Agency was created to provide a single point of accountability for all Federal emergency preparedness, mitigation, and response activities. The Agency is chartered to enhance the multiple use of emergency preparedness and response resources at the Federal, State, and local levels of government in preparing for and responding to the full range of emergenciesnatural, technological, and attack-related-and to integrate into a comprehensive framework activities concerned with hazard mitigation, preparedness planning, relief operations, and recovery assistance.

The Federal Emergency Management Agency (FEMA) was established in the executive branch as an independent agency pursuant to Reorganization Plan No. 3 of 1978 (5 U.S.C. App.) and Executive Orders 12127 of March 31, 1979 (effective April 1, 1979), and 12148 of July 20, 1979 (effective July 15, 1979).


National Preparedness Capability The National Preparedness Directorate develops and coordinates the national policy, programs, plans, capabilities, and facilities necessary for attaining and maintaining the Federal Government's capability to deliver effective emergency management during all phases of any national security emergency.

The Directorate coordinates national security emergency management and preparedness responsibilities with Federal departments and agencies. To enable the civil government to respond to national

security and/or catastrophic domestic emergencies, the Directorate develops, coordinates, and evaluates procedures providing for effective operation of the Government and develops and coordinates concepts and systems to improve the mobilization of industrial and Government sectors to assure the availability of required resources to fulfill defense and critical civilian needs. It develops Presidential emergency action documents, serves as the civil/military interface, and manages the 24-hour National Emergency Coordination Center for the collection and dissemination of emergency information and notification of key emergency management officials.

The Directorate provides for planning, operation, and management of NATO civil communications for departments and agencies and is responsible for the design, development, operation, and maintenance of fixed and transportable facilities, capabilities, and resources for day-to-day and emergency

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