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telecommunications, information processing, and warning systems requirements. Additionally, the Directorate administers the National Defense Executive Reserve Program. State and Local Programs The State and Local Programs and Support Directorate administers support programs to State and local governments that are designed to improve emergency planning, preparedness, mitigation, response, and recovery capabilities at the State and local levels in an all-hazards context-natural, technological, and attack-related. It also assists in the development of plans for Federal response to catastrophic natural and technological occurrences.

The Directorate also administers the President's Disaster Relief Program, which provides for supplemental Federal assistance in declared disasters and emergencies. It develops and administers policy and guidance that ensures the effective implementation of relief programs to help individuals as well as State and local governments in recovering from the effects of disasters and emergencies and to mitigate or prevent losses after disasters or emergencies. The Directorate also assists State and local governments and the private sector in maximizing the survival of the population and other vital resources in the event of a national security emergency.

For further information, call 202-646-3692.

Federal Insurance The Federal Insurance Administration administers the National Flood Insurance Program, which makes flood insurance available in participating communities on an equitable basis and works closely with government officials at all levels to help reduce future flood damage through floodplain management.

For further information, call 202-646-2774.

Fire Policy The United States Fire Administration is responsible for coordinating and conducting the Federal Government's response to the Nation's fire problem. It maintains offices and conducts programs in the following

areas: fire policy and coordination, firefighter health and safety, fire data and analysis, and fire prevention and arson control.

The Administration works closely with the Nation's fire service; fire service organizations; Federal, State, and local governments; and the private sector in developing and implementing programs aimed at lowering the level of loss of life and property due to fire.

For further information, call 202-646-2449. External Affairs The External Affairs Directorate serves as the focal point for contact with those outside the agency. Major program activities are aimed at external audiences, including the public, the media, public interest groups, State and local government organizations, the U.S. Congress, and foreign governments. The Directorate provides advice to the Director, his staff, and Program

Directorates and develops and executes programs in the areas of congressional affairs, international affairs, and public and intergovernmental affairs.

For further information, call 202-646-4000.

Training The Office of Training provides training and education programs for Federal, State, and local personnel in hazard mitigation, emergency preparedness, fire prevention and control, disaster response, and long-term disaster recovery. Training is carried out through a resident program at a central campus facility, the National Emergency Training Center, located in Emmitsburg, MD, and through a nationwide outreach program that makes courses available at State and local levels.

The Office encompasses the Emergency Management Institute, which provides training in the areas of national security, technological and natural hazards, and emergency processes; and the National Fire Academy, which provides training in fire prevention management, fire prevention and loss control, and fire service technology.

For further information, contact the Office of
Training. Phone, 202-646-2969.

Chief of Staff The Chief of Staff's Office is responsible for management of the Agency's personnel, acquisition, security, and administrative systems. The Office of Personnel and Equal

Opportunity develops and implements the policies, goals, and objectives of the Agency's personnel management system. The Office of Acquisition Management directs the Agency's acquisition management system. The Office of Administrative Support directs all phases of administrative support given to FEMA's program components, including space and property, forms, reports, directives, records and mail

management, printing services, graphic arts, and library services.

For further information, call 202-646-3919.

Regional Offices

The 10 FEMA regional offices are the
primary means by which the Agency's
programs are carried out at the State and
local levels. The Regional Directors are
the FEMA Director's principal
representatives in contacts and
relationships with Federal, State, regional,
and local agencies, industry, and other
public and private groups. They are
responsible for accomplishing within their
regions the national program objectives
established by the Agency, and they
participate with the Director in
developing national policy.

For further information, contact the Office of
Regional Operations. Phone, 202–646-3631.

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I. Boston, MA (Rm. 442, J. W. Henry G. Vickers
McCormack Bldg., 02109)

II. New York, NY (Rm. 1338, 26 Jack M. Sable
Federal Plaza, 10278)

III. Philadelphia, PA (105 S. 7th Paul P. Giordano
St., 19106)

IV. Atlanta, GA (Suite 700, 1371 Major P. May
Peachtree St. NE., 30309)

V. Chicago, IL (4th Fl., 175 W. Robert E. Connor,
Jackson Blvd., 60606)
Acting
Edward E. Hargett

VI. Denton, TX (Rm. 206, Federal
Regional Center, 76201)

VII. Kansas City, MO (Rm. 300, Jerome D. Overstreet 911 Walnut St., 64106)

VIII. Denver, CO (Federal Regional Marian L. Olson
Center Bldg. 710, 80225)

IX. San Francisco, CA (Bldg. 105, Robert L. Vickers
Presidio of San Francisco,

94129)

X. Bothell, WA (130 228th St. William H. Mayer SW., 98021)

Sources of Information

Inquiries on the following subjects should be directed to the specified office of the Federal Emergency Management Agency, 500 C Street SW., Washington, DC 20472.

Contracts and Procurement Office of Acquisition Management. Phone, 202646-3744.

Employment Office of Personnel.
Phone, 202-646-3962.

Freedom of Information Requests Office of General Counsel. Phone, 202646-3840.

For further information concerning the Federal Emergency Management Agency, contact the Office of Public Affairs, Federal Emergency Management Agency, 500 C Street SW., Washington, DC 20472. Phone, 202-646-4600.

FEDERAL HOME LOAN BANK BOARD

1700 G Street NW., Washington, DC 20552

Phone, 202-377-6000

Chairman

Executive Director

Special Assistant to the Chairman
Special Assistant to the Chairman

M. DANNY WALL JAMES E. BOLAND, JR.

RAY M. MEYER

PAUL E. MCELWEE

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WAYNE E. JACK

[For the Federal Home Loan Bank Board statement of organization, see the Code of Federal Regulations, Title 12, Part 500]

The Federal Home Loan Bank Board was established to encourage thrift and economical home ownership. The Bank Board supervises and regulates savings institutions that specialize in the financing of residential real estate and are the country's major private source of financing for the construction and purchase of homes. The Bank Board operates the Federal Savings and Loan Insurance Corporation, which insures the savings of the more than 84 million Americans with savings accounts in savings and loan associations insured by the Corporation. The Bank Board also directs the Federal Home Loan Bank System, which, like the Federal Reserve System for banks, provides reserve credit to ensure that member savings institutions will continue to be a source of economical financing for homes.

The Federal Home Loan Bank Board was
established by the Federal Home Loan
Bank Act (12 U.S.C. 1421 et seq.),
approved July 22, 1932, and was made
an independent agency in the executive
branch under section 109(a)(3) of the
Housing Amendments of 1955 (12
U.S.C. 1437).

All of the Bank Board's activities are self-supporting and do not require the appropriation of United States Treasury funds. Expenses of the Bank Board are paid by assessments against the regional Federal Home Loan Banks and the Federal Savings and Loan Insurance Corporation, and charges against institutions examined by the Office of Regulatory Policy, Oversight and Supervision.

Federal Home Loan Bank System
The Federal Home Loan Bank System
was created by authority of the Federal
Home Loan Bank Act to provide a
flexible credit reserve for member savings
institutions engaged in home mortgage
lending.

Regional Banks There are 12 regional
Federal Home Loan Banks in this System.
The management of the Banks in
Pittsburgh, Atlanta, and San Francisco, is
vested in a board of 14 directors, 6 of
whom are appointed by the Federal
Home Loan Bank Board to represent the
public interest and 8 of whom are
elected by the member institutions. The
Banks in Dallas, Topeka, and Seattle have
15 directors-6 appointed and 9 elected;
the Banks in Boston, New York,
Cincinnati, Chicago, and Des Moines

have 16 directors each-6 appointed
and 10 elected; the Bank in Indianapolis
has 17 directors-6 appointed and 11
elected. The directors of each Bank elect
a president and other officers, subject to
approval by the Bank Board.

Capital and Funds The capital stock of
the district Federal Home Loan Banks is
owned by member institutions, each of
which is required to purchase stock. The
Banks obtain other lendable funds
through the issuance of consolidated
obligations in the money and capital
markets, through time and demand
deposits accepted from member
institutions, and from other Federal
Home Loan Banks.

Operations The Federal Home Loan
Banks implement the responsibility of
Congress and the Bank Board in the
fields of savings and housing finance by
providing appropriate loans, referred to
as advances, to their members as a
supplement to savings flows in meeting
recurring variations in the supply of and
demand for residential mortgage credit.
Such loans, within the context of national
housing goals, aid in stabilizing those
sectors of the housing and mortgage
markets served by the savings and loan
industry. The Banks also provide various
services to member institutions pursuant
to the statutory authority contained in the
Federal Home Loan Bank Act.

The Banks are authorized to perform their debt marketing operations, liquidity portfolio management, and financial forecasting through the Office of Finance located in Washington, DC. The Office

also coordinates financial planning for the Bank System.

The operations of the Banks are supervised by the Bank Board through the Office of District Banks.

Eligible Institutions The types of institutions eligible to become members of the Federal Home Loan Banks are savings and loan, building and loan, and homestead associations; savings and cooperative banks; and insurance companies. Every Federal savings and loan association, every Federal savings bank, and every State-chartered savings and loan association insured by the Federal Savings and Loan Insurance Corporation is required to become a member of its regional Federal Home Loan Bank and to qualify for insurance of deposit accounts (see Federal Savings and Loan Insurance Corporation). Power to Borrow Consolidated Federal Home Loan Bank obligations, which are the joint and several liabilities of all the Banks, are issued by the Bank Board in the form of notes or bonds. Although the Banks are instrumentalities of the United States, such securities are not obligations of and are not guaranteed by the United States. In case of need, the Secretary of the Treasury is authorized to purchase consolidated Federal Home Loan Bank obligations up to an aggregate amount of $4 billion outstanding at any one time. For further information, contact the Director, Bank Liaison Division. Phone, 202-377-6656.

Federal Savings Institutions

Section 5 of the Home Owners' Loan Act of 1933, as amended (12 U.S.C. 1464), provides for the organization of Federal savings and loan associations or Federal savings banks. They are chartered and supervised by the Federal Home Loan Bank Board and may be either new institutions or converted from State-chartered institutions upon application.

For further information, contact the Director, Applications Analysis Division. Phone, 202-377

Federal Savings and Loan
Insurance Corporation

The Federal Savings and Loan Insurance Corporation was created by title IV of the National Housing Act, approved June 27, 1934 (12 U.S.C. 1724), to insure the safety of savings in thrift and homefinancing institutions.

Management The operations of the Federal Savings and Loan Insurance Corporation come under the supervision of the Federal Home Loan Bank Board. Activities The Corporation insures the safety of savings up to $100,000 in an insured institution. All Federal savings and loan associations, Federal mutual savings banks, and those State-chartered building and loan, savings and loan, and homestead associations, and cooperative banks that apply and are approved, are insured.

Default Procedure To prevent the default of an insured institution or restore it to normal operations, the Corporation may make loans to, purchase assets of, or make a financial contribution to such an institution. In the event of a default by any insured institution, payment of each insured account or a transfer of the insured accounts of a failed institution to a successor institution is made by the Corporation as soon as possible, usually within 1 week.

Funds Income of the Corporation consists principally of premiums paid by insured institutions and interest earned on investments. The Corporation is authorized to obtain additional funds for insurance purposes from the United States Treasury not exceeding $750 million outstanding at any one time the Corporation is authorized to borrow funds from the district Federal Home Loan Banks under terms approved by the Federal Home Loan Bank Board. In addition, insured associations may be required to deposit up to 1 percent of their savings capital with the Corporation, and they can be assessed an additional annual premium equal to one-eighth of 1 percent of total withdrawable deposits. The additional one-eighth-of-1-percent premium was first assessed during 1985.

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