I
103D CONGRESS
1ST SESSION
H. R. 2808
To facilitate recovery from the recent flooding of the Mississippi River and
its tributaries by providing greater flexibility for depository institutions
and their regulators, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
JULY 29, 1993
Mr. GONZALEZ (for himself, Mr. GRAMS, Mr. NEAL of North Carolina, Mr.
LEACH, Mr. MCCOLLUM, Mr. BEREUTER, Mr. NUSSLE, Mr. WHEAT, and
Mr. BARLOW) introduced the following bill; which was referred to the
Committee on Banking, Finance and Urban Affairs
A BILL
To facilitate recovery from the recent flooding of the Mis-
sissippi River and its tributaries by providing greater
flexibility for depository institutions and their regulators,
and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Depository Institutions
Disaster Relief Act of 1993’’.
SEC. 2. TRUTH 
IN 
LENDING 
ACT; 
EXPEDITED 
FUNDS
AVAILABILITY ACT.
(a) TRUTH IN LENDING ACT.—During the 180-day
period beginning on the date of enactment of this Act, the
Board of Governors of the Federal Reserve System may
make exceptions to the Truth in Lending Act for trans-
actions within an area in which the President, pursuant
to section 401 of the Robert T. Stafford Disaster Relief
and Emergency Assistance Act, has determined that a
major disaster exists, or within an area determined to be
eligible for disaster relief under other Federal law by rea-
son of damage related to the 1993 flooding of the Mis-
sissippi River and its tributaries, if the Board determines
that the exception can reasonably be expected to alleviate
hardships to the public resulting from such disaster that
outweigh possible adverse effects.
(b) EXPEDITED FUNDS AVAILABILITY ACT.—During
the 180-day period beginning on the date of enactment
of this Act, the Board of Governors of the Federal Reserve
System may make exceptions to the Expedited Funds
Availability Act for depository institution offices located
within any area referred to in subsection (a) of this section
if the Board determines that the exception can reasonably
be expected to alleviate hardships to the public resulting
from such disaster that outweigh possible adverse effects.
(c) TIME LIMIT ON EXCEPTIONS.—Any exception
made under this section shall expire not later than the
earlier of—
(1) 1 year after the date of enactment of this
Act; or
(2) 1 year after the date of any determination
referred to in subsection (a).
(d) PUBLICATION REQUIRED.—The Board of Gov-
ernors of the Federal Reserve System shall publish in the
Federal Register a statement that—
(1) describes any exception made under this
section; and
(2) explains how the exception can reasonably
be expected to produce benefits to the public that
outweigh possible adverse effects.
SEC. 3. DEPOSIT OF INSURANCE PROCEEDS.
(a) IN GENERAL.—The appropriate Federal banking
agency may, by order, permit an insured depository insti-
tution, during the 18-month period beginning on the date
of enactment of this Act, to subtract from the institution’s
total assets, in calculating compliance with the leverage
limit prescribed under section 38 of the Federal Deposit
Insurance Act, an amount not exceeding the qualifying
amount attributable to insurance proceeds, if the agency
determines that—