32814 Federal Register / Vol. 61, No. 123 / Tuesday, June 25, 1996 / Notices

(CDRI Act), the FDIC is rescinding its

policy statement concerning time limits

for filing Reports of Condition

(Statement). The Statement, which was

adopted in 1976, established a deadline

for submitting the Consolidated Reports

of Condition and Consolidated Reports

of Income (Call Reports) required to be

filed by FDIC-supervised banks,

announced that these reports must be

prepared as of the last day of each

calendar quarter (report dates), and

recited the statutory penalty then in

effect for failing to file these reports by

the deadline. The FDIC is rescinding the

Statement because it is now outmoded.

The submission deadlines and report

dates for Call Reports are fully

explained in the Call Report

instructions now issued by the Federal

Financial Institutions Examination

Council (FFIEC). Efforts also are

currently under way to reflect the

submission deadlines in the FDIC’s

Rules and Regulations. In addition, the

statutory penalty has been changed

since the Statement’s issuance. The civil

money penalties that the FDIC currently

may assess for the late filing of a Call

Report are clearly set forth in the FDIC’s

regulations.

EFFECTIVE DATE: This Statement is

rescinded effective June 25, 1996.

FOR FURTHER INFORMATION CONTACT:

Robert F. Storch, Chief, Accounting

Section, Division of Supervision, (202)

898–8906, or H. Andrea Gribble, Senior

Counsel, Legal Division, (202) 736–

3047, FDIC, 550 17th Street, NW.,

Washington, D.C. 20429.

SUPPLEMENTARY INFORMATION: The FDIC

is conducting a systematic review of its

regulations and written policies. Section

303(a) of the CDRI Act (12 U.S.C.

4803(a)) requires each federal banking

agency to streamline and modify its

regulations and written policies in order

to improve efficiency, reduce

unnecessary costs, and eliminate

unwarranted constraints on credit

availability. Section 303(a) also requires

each federal banking agency to remove

inconsistencies and outmoded and

duplicative requirements from its

regulations and written policies.

As part of this review, the FDIC has

determined that the Statement is

outmoded, and that the FDIC’s written

policies can be streamlined by its

elimination.

The Statement was published on July

12, 1976 (41 FR 28583). One of the

purposes of the Statement was to extend

the submission deadline for Reports of

Condition from ten to 30 days after the

report date because the FDIC’s Board of

Directors (Board) had determined that

FDIC-supervised banks needed

additional time to complete these

reports. The Board also determined that

the submission deadline for the Reports

of Condition and the Reports of Income

should be the same. Another purpose of

the Statement was to announce that, by

mutual agreement of the FDIC

Chairman, the Comptroller of the

Currency, and the Chairman of the

Federal Reserve Board, the dates as of

which Call Reports must be prepared

each year would be March 31, June 30,

September 30, and December 31.

Previously, banks had been required to

prepare their first and third Call Reports

of each year as of varying dates that

were other than March 31 and

September 30. Finally, the Statement

recited the statutory penalty that was

then in effect for failing to file the

Report of Condition by the submission

deadline.

Subsequent to the issuance of the

Statement, in 1978, Congress created the

FFIEC, of which the FDIC is a member.

Section 1006(c) of the FFIEC Act

requires the FFIEC to develop uniform

reporting standards for federallysupervised financial institutions. In

1988, the FFIEC took final action to

define the term ‘‘submission date’’ for

the Call Reports and to establish specific

deadlines for submitting these reports

by various delivery methods (53 FR

32104). This action was preceded by the

FFIEC’s solicitation of public comments

on these matters (53 FR 11558). The

FFIEC carefully considered the

comments that were received before

making its final decision. The definition

of the term ‘‘submission date’’ and the

specific deadlines themselves, as well as

the calendar quarter-end report dates,

have been incorporated into the

Instructions—Consolidated Reports of

Condition and Income issued by the

FFIEC. Thus, the information in the

policy statement on the timing for

submitting Call Reports is no longer

entirely accurate. Amending the policy

statement would serve little purpose.

Efforts are currently under way to

amend the FDIC’s Rules and Regulations

to reflect the submission deadlines. The

FDIC believes that it would be

redundant for information that will be

covered by regulation and is fully

explained in the Call Report

instructions to be repeated in a policy

statement.

Section 911(c) of the Financial

Institutions Reform, Recovery, and

Enforcement Act of 1989 amended

section 7(a)(1) of the Federal Deposit

Insurance Act (12 U.S.C. 1817(a)(1)) to

increase the statutory penalty for a

bank’s failure to file the Call Report on

time to amounts in excess of the amount

cited in the Statement. The civil money

penalties that the FDIC currently may

assess for the late filing of a Call Report

or the filing of a false or misleading Call

Report are also described in section

308.132(c)(2) of the FDIC’s Rules and

Regulations (12 C.F.R. § 308.132(c)(2)).

The FDIC believes that it is unnecessary

for a policy statement to restate

penalties that are clearly set forth in its

regulations.

For the above reasons, the Statement

is hereby rescinded.

By order of the Board of Directors.

Dated at Washington, D.C., this 17th day of

June, 1996.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Deputy Executive Secretary.

[FR Doc. 96–16197 Filed 6–24–96; 8:45 am]

BILLING CODE 6714–01–P

FEDERAL EMERGENCY

MANAGEMENT AGENCY

[FEMA–1112–DR]

Illinois; Amendment to Notice of a

Major Disaster Declaration

AGENCY: Federal Emergency

Management Agency (FEMA).

ACTION: Notice.

SUMMARY: This notice amends the notice

of a major disaster for the State of

Illinois, (FEMA–1112–DR), dated May 6,

1996, and related determinations.

EFFECTIVE DATE: June 14, 1996.

FOR FURTHER INFORMATION CONTACT:

Pauline C. Campbell, Response and

Recovery Directorate, Federal

Emergency Management Agency,

Washington, DC 20472, (202) 646–3606.

SUPPLEMENTARY INFORMATION: The notice

of a major disaster for the State of

Illinois, is hereby amended to include

the following area among those areas

determined to have been adversely

affected by the catastrophe declared a

major disaster by the President in his

declaration of May 6, 1996:

Champaign County for Individual Assistance

and Hazard Mitigation.

(Catalog of Federal Domestic Assistance No.

83.516, Disaster Assistance.)

William C. Tidball,

Associate Director, Response and Recovery

Directorate.

[FR Doc. 96–16136 Filed 6–24–96; 8:45 am]

BILLING CODE 6718–02–P
Federal Register / Vol. 61, No. 123 / Tuesday, June 25, 1996 / Notices 32815

[FEMA–1117–DR]

Kentucky; Amendment to Notice of a

Major Disaster Declaration

AGENCY: Federal Emergency

Management Agency (FEMA).

ACTION: Notice.

SUMMARY: This notice amends the notice

of a major disaster for the State of

Kentucky, (FEMA–1117–DR), dated

June 1, 1996, and related

determinations.

EFFECTIVE DATE: June 13, 1996.

FOR FURTHER INFORMATION CONTACT:

Pauline C. Campbell, Response and

Recovery Directorate, Federal

Emergency Management Agency,

Washington, DC 20472, (202) 646–3606.

SUPPLEMENTARY INFORMATION: The notice

of a major disaster for the State of

Kentucky, is hereby amended to include

the following areas among those areas

determined to have been adversely

affected by the catastrophe declared a

major disaster by the President in his

declaration of June 1, 1996:

Owsley and Perry Counties for Public

Assistance and Hazard Mitigation.

(Catalog of Federal Domestic Assistance No.

83.516, Disaster Assistance.)

William C. Tidball,

Associate Director, Response and Recovery

Directorate.

[FR Doc. 96–16138 Filed 6–24–96; 8:45 am]

BILLING CODE 6718–02–P

[FEMA–1116–DR]

Minnesota; Amendment to Notice of a

Major Disaster Declaration

AGENCY: Federal Emergency

Management Agency (FEMA).

ACTION: Notice.

SUMMARY: This notice amends the notice

of a major disaster for the State of

Minnesota, (FEMA–1116–DR), dated

June 1, 1996, and related

determinations.

EFFECTIVE DATE: June 13, 1996.

FOR FURTHER INFORMATION CONTACT:

Pauline C. Campbell, Response and

Recovery Directorate, Federal

Emergency Management Agency,

Washington, DC 20472, (202) 646–3606.

SUPPLEMENTARY INFORMATION: The notice

of a major disaster for the State of

Minnesota, is hereby amended to

include the following areas among those

areas determined to have been adversely

affected by the catastrophe declared a

major disaster by the President in his

declaration of June 1, 1996:

Aitkin, Clay, Clearwater and Pope Counties

for Public Assistance and Hazard

Mitigation.

(Catalog of Federal Domestic Assistance No.

83.516, Disaster Assistance.)

William C. Tidball,

Associate Director, Response and Recovery

Directorate.

[FR Doc. 96–16137 Filed 6–24–96; 8:45 am]

BILLING CODE 6718–02–P

[FEMA–1113–DR]

Montana; Amendment to Notice of a

Major Disaster Declaration

AGENCY: Federal Emergency

Management Agency (FEMA).

ACTION: Notice.

SUMMARY: This notice amends the notice

of a major disaster for the State of

Montana (FEMA–1113–DR), dated May

16, 1996, and related determinations.

EFFECTIVE DATE: June 7, 1996.

FOR FURTHER INFORMATION CONTACT:

Pauline C. Campbell, Response and

Recovery Directorate, Federal

Emergency Management Agency,

Washington, DC 20472, (202) 646–3606.

SUPPLEMENTARY INFORMATION: Notice is

hereby given that the incident period for

this disaster is closed effective June 5,

1996.

(Catalog of Federal Domestic Assistance No.

83.516, Disaster Assistance.)

William C. Tidball,

Associate Director, Response and Recovery

Directorate.

[FR Doc. 96–16140 Filed 6–24–96; 8:45 am]

BILLING CODE 6718–02–P

[FEMA–1118–DR]

North Dakota; Major Disaster and

Related Determinations

AGENCY: Federal Emergency

Management Agency (FEMA).

ACTION: Notice.

SUMMARY: This is a notice of the

Presidential declaration of a major

disaster for the State of North Dakota

(FEMA–1118–DR), dated June 5, 1996,

and related determinations.

EFFECTIVE DATE: June 5, 1996.

FOR FURTHER INFORMATION CONTACT:

Pauline C. Campbell, Response and

Recovery Directorate, Federal

Emergency Management Agency,

Washington, DC 20472, (202) 646–3606.

SUPPLEMENTARY INFORMATION: Notice is

hereby given that, in a letter dated June

5, 1996, the President declared a major

disaster under the authority of the

Robert T. Stafford Disaster Relief and

Emergency Assistance Act (42 U.S.C.

5121 et seq.), as follows:

I have determined that the damage in

certain areas of the State of North Dakota,

resulting from severe storms, flooding, ice

jams, and ground saturation due to high

water tables beginning on March 12, 1996,

and continuing, is of sufficient severity and

magnitude to warrant a major disaster

declaration under the Robert T. Stafford

Disaster Relief and Emergency Assistance Act

(‘‘the Stafford Act’’). I, therefore, declare that

such a major disaster exists in the State of

North Dakota.

In order to provide Federal assistance, you

are hereby authorized to allocate from funds

available for these purposes, such amounts as

you find necessary for Federal disaster

assistance and administrative expenses.

You are authorized to provide Public

Assistance, and Hazard Mitigation in the

designated areas. Consistent with the

requirement that Federal assistance be

supplemental, any Federal funds provided

under the Stafford Act for Public Assistance

or Hazard Mitigation will be limited to 75

percent of the total eligible costs.

The time period prescribed for the

implementation of section 310(a),

Priority to Certain Applications for

Public Facility and Public Housing

Assistance, 42 U.S.C. 5153, shall be for

a period not to exceed six months after

the date of this declaration.

Notice is hereby given that pursuant

to the authority vested in the Director of

the Federal Emergency Management

Agency under Executive Order 12148, I

hereby appoint Lesli A. Rucker of the

Federal Emergency Management Agency

to act as the Federal Coordinating

Officer for this declared disaster.

I do hereby determine the following

areas of the State of North Dakota to

have been affected adversely by this

declared major disaster:

Barnes, Benson, Cass, Cavalier, Dickey,

Eddy, Emmons, Foster, Grand Forks, Griggs,

Kidder, LaMoure, Logan, McHenry,

McIntosh, McLean, Nelson, Oliver, Pembina,

Pierce, Ramsey, Ransom, Richland, Sheridan,

Steele, Stutsman, Traill, Walsh and Wells

Counties for Public Assistance and Hazard

Mitigation.

(Catalog of Federal Domestic Assistance No.

83.516, Disaster Assistance.)

James L. Witt,

Director.

[FR Doc. 96–16134 Filed 6–24–96; 8:45 am]

BILLING CODE 6718–02–P

[FEMA–1099–DR]

Oregon; Amendment to Notice of a

Major Disaster Declaration

AGENCY: Federal Emergency

Management Agency (FEMA).

ACTION: Notice.