(1) the institution—
(A) had its principal place of business
within an area in which the President, pursuant
to section 401 of the Robert T. Stafford Disas-
ter Relief and Emergency Assistance Act, has
determined that a major disaster exists, or
within an area determined to be eligible for dis-
aster relief under other Federal law by reason
of damage related to the 1993 flooding of the
Mississippi River and its tributaries, on the day
before the date of any such determination;
(B) derives more than 60 percent of its
total deposits from persons who normally reside
within, or whose principal place of business is
normally within, areas of intense devastation
caused by the major disaster;
(C) was adequately capitalized (as defined
in section 38 of the Federal Deposit Insurance
Act) before the major disaster; and
(D) has an acceptable plan for managing
the increase in its total assets and total depos-
its; and
(2) the subtraction is consistent with the pur-
pose of section 38 of the Federal Deposit Insurance
Act.
(b) DEFINITIONS.—For purposes of this section:
(1) APPROPRIATE
FEDERAL
BANKING
AGEN-
CY.—The term ‘‘appropriate Federal banking agen-
cy’’ has the same meaning as in section 3 of the
Federal Deposit Insurance Act.
(2) INSURED DEPOSITORY INSTITUTION.—The
term ‘‘insured depository institution’’ has the same
meaning as in section 3 of the Federal Deposit In-
surance Act.
(3) LEVERAGE
LIMIT.—The term ‘‘leverage
limit’’ has the same meaning as in section 38 of the
Federal Deposit Insurance Act.
(4) QUALIFYING
AMOUNT
ATTRIBUTABLE
TO
INSURANCE
PROCEEDS.—The 
term 
‘‘qualifying
amount attributable to insurance proceeds’’ means
the amount (if any) by which the institution’s total
assets exceed the institution’s average total assets
during the calendar quarter ending before the date
of any determination referred to in subsection
(a)(1)(A), because of the deposit of insurance pay-
ments or governmental assistance made with respect
to damage caused by, or other costs resulting from,
the major disaster.
SEC. 4. BANKING AGENCY PUBLICATION REQUIREMENTS.
(a) IN GENERAL.—During the 180-day period begin-
ning on the date of enactment of this Act, a qualifying
regulatory agency may take any of the following actions
with respect to depository institutions or other regulated
entities whose principal place of business is within, or with
respect to transactions or activities 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 reason of damage related to the 1993
flooding of the Mississippi River and its tributaries, if the
agency determines that the action would facilitate recovery
from the major disaster:
(1) PROCEDURE.—Exercising the agency’s au-
thority under provisions of law other than this sec-
tion without complying with—
(A) any requirement of section 553 of title
5, United States Code; or
(B) any provision of law that requires no-
tice or opportunity for hearing or sets maxi-
mum or minimum time limits with respect to
agency action.
(2) PUBLICATION REQUIREMENTS.—Making ex-
ceptions, with respect to institutions or other entities
for which the agency is the primary Federal regu-
lator, to—
(A) any publication requirement with re-
spect to establishing branches or other deposit-
taking facilities; or
(B) any similar publication requirement.
(b) PUBLICATION REQUIRED.—A qualifying regu-
latory agency shall publish in the Federal Register a state-
ment that—
(1) describes any action taken under this sec-
tion; and
(2) explains the need for the action.
(c) QUALIFYING REGULATORY AGENCY DEFINED.—
For purposes of this section, the term ‘‘qualifying regu-
latory agency’’ means—
(1) the Board of Governors of the Federal Re-
serve System;
(2) the Comptroller of the Currency;
(3) the Director of the Office of Thrift Super-
vision;
(4) the Federal Deposit Insurance Corporation;
(5) the Financial Institutions Examination
Council;
(6) the National Credit Union Administration;
and
(7) with respect to chapter 53 of title 31, Unit-
ed States Code, the Secretary of the Treasury.
SEC. 5. STUDY; REPORT TO THE CONGRESS.
(a) STUDY.—The Comptroller General of the United
States shall conduct a study that—
(1) examines how the agencies and entities
granted authority by the Depository Institutions
Disaster Relief Act of 1992 and by this Act have ex-
ercised such authority;
(2) evaluates the utility of such Acts in facili-
tating recovery from disasters consistent with the
safety and soundness of depository institutions; and
(3) contains recommendations with respect to
whether the authority granted by this Act should be
made permanent.
(b) REPORT TO THE CONGRESS.—Not later than 18
months after the date of the enactment of this Act, the
Comptroller General of the United States shall submit to
the Congress a report on the results of the study required
by subsection (a).
SEC. 6. SENSE OF THE CONGRESS.
It is the sense of the Congress that the Board of Gov-
ernors of the Federal Reserve System, the Comptroller of
the Currency, the Director of the Office of Thrift Super-
vision, the Federal Deposit Insurance Corporation, and
the National Credit Union Administration should encour-
age depository institutions meet the financial services
needs of their communities and customers located in areas
affected by the 1993 flooding of the Mississippi River and
its tributaries.
SEC. 7. OTHER AUTHORITY NOT AFFECTED.
Nothing in this Act limits the authority of any de-
partment or agency under any other provision of law.
Æ