Depository Institutions Disaster Relief Act of 1993

Summary

Depository Institutions Disaster Relief Act of 1993 - Authorizes the Board of Governors of the Federal Reserve System to make exceptions for a specified period of time to the Truth in Lending Act and to the Expedited Funds Availability Act with respect to transactions and depository institutions located within either a federally declared major disaster area or certain areas damaged by the 1993 flooding of the Mississippi River and its tributaries (disaster areas). Cites conditions under which: (1) an insured depository institution may subtract from its total assets a specified amount attributable to insurance proceeds when it is calculating compliance with prescribed leverage limits; and (2) a qualifying regulatory agency may deviate from certain statutory requirements with respect to regulated entities located in disaster areas. Directs the Comptroller General to study and report to the Congress on the efficacy of certain disaster relief Acts with respect to facilitating recovery from major disasters. Expresses the sense of the Congress that specified Federal banking regulatory agencies should encourage depository institutions to 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.

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Documents

5 official files

• Engrossed in House (text)

  Engrossed in House · EN · 2 August 1993

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• Engrossed in House (PDF)

  Engrossed in House · EN · 2 August 1993

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• Introduced in House (text)

  Introduced in House · EN · 29 July 1993

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• Introduced in House (PDF)

  Introduced in House · EN · 29 July 1993

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• Introduced in House

  summary · EN · 29 July 1993

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