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Anchorage, Alaska 99510.. Atlanta, Ga. 30309. Baltimore, Md. 21201..

Beaumont, Tex. 77701.

Boston, Mass. 02109.
Buffalo, N.Y. 14202..
Canandaigua, N.Y. 14424.
Chicago, Ill. 60604.
Cincinnati, Ohio 45231.
Dallas, Tex. 75242..

Denver, Colo. 80202.
Detroit, Mich. 48226_
Hato Rey, P.R. 00918.
Honolulu, Hawaii 96808.
Houston, Tex. 77002.
Kansas City, Mo. 64106.
Long Beach, Calif. 90807.
Miami, Fla. 33130.
New Orleans, La. 70130.
New York, N.Y. 10014..
Norfolk, Va. 23502.
Philadelphia, Pa. 19106.
Pittsburgh, Pa.
Portland, Oreg. 97204.
St. Paul, Minn. 55101.
San Diego, Calif. 92101.
San Francisco, Calif. 94111.
San Juan, P.R.
Savannah, Ga. 31402.
Seattle, Wash. 98174.
Tampa, Fla. 33602.
Washington, D.C. 20554.

Customhouse...

Federal Building. Customhouse...

Field Offices

Address

U.S.P.O. & Courthouse Bldg.
1365 Peachtree St., N.E....
Federal Building..
Federal Building.
Customhouse.
Federal Building..
P.O. Box 374..

230 S. Dearborn St.
8620 Winton Road_
1100 Commerce St..
1405 Curtis St...
231 W. LaFayette St..
Federal Building....
Federal Building....
New Federal Office Bldg..
Federal Building...
3711 Long Beach Blvd.
51 S.W. 1st Ave..
600 South St...
201 Varick St..

870 N. Military Hwy.
601 Market St...

1220 S.W. 3d Ave. U.S. Courthouse. 1245 7th Ave. Customhouse.. (See Hato Rey, P.R.) 125 Bull St.. Federal Building. 1000 Ashley Dr... 1919 M St., N.W.

Regional Director

Gerard Sarno. Samuel B. Stelk. Ney R. Landry.

Engineer in Charge

John S. Phillips.
Angelo R. Ditty, Jr.
Robert M. Mroz.
Joe E. Coleman.
Vincent F. Kajunski.
John L. Theimer.
(Vacancy).

Ernest J. Galins.
James P. Stephens.
Carl E. Pyron.
(Vacancy).
Edward Atems.
Leonard R. Langley.
Melvin S. Vittum.
Daniel A. Cantrell.
James T. Crowell.
(Vacancy).
Jack J. May.
William J. Simpson.
Henry Paulisen.
J. Jerry Freeman.
Ennis C. Coleman, Jr.
Wolfe P. Huber.
George F. Wager.

Harold E. Allen.
Clarence C. Spillman, Jr.
Serge Marti-Volkoff.

Calvin W. Graves.

Robert C. Dietsch.

Ralph M. Barlow. Paul J. Harris.

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should direct their inquiries to the Chief, Personnel Division.

CONSUMER ASSISTANCE

Inquiries concerning general information on how the Commission works, what FCC rules and policies mean and how the public can participate in the decisionmaking process should be addressed to the Consumer Assistance Office, Room 258, 1919 M Street NW., Washington, D.C. Phone, 202-6327000.

PUBLICATIONS

Bulletin No. 1-Information Services and Publications is available on request from the Public Information Office.

INFORMATION AVAILABLE FOR

PUBLIC INSPECTION

At the Commission's headquarters office in Washington, D.C., Public Reference Rooms maintain dockets concerning rulemaking and adjudicatory matters, copies of applications for licenses and grants, and reports required to be filed by licensees and cable system operators-some reports are by law held confidential. In addition to the information available at the Commission, each broadcasting station makes available for public reference certain information pertaining to the operation of the station, a current copy of the application filed for license, and nonconfidential reports filed with the Commission. Special requests for inspection of records in the Commission should be directed to the Executive Director; the Library (Commission rules and regulations); the Public Information Office (Publications, public notices, press releases). For further information, contact the Consumer Assistance Office, Federal Communications Commission, Room 258, 1919 M Street NW., Washington, D.C. 20554. Phone, 202-6327000.

Approved.

RICHARD D. LICHTWARDT,

Executive Director.

FEDERAL DEPOSIT INSURANCE CORPORATION

550 Seventeenth Street NW., Washington, D.C. 20429

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The Federal Deposit Insurance Corporation (FDIC) was established to promote and preserve public confidence in banks and to protect the money supply through provision of insurance coverage for bank deposits.

The Federal Deposit Insurance Corporation is an independent agency within the executive branch of the Government. The management of the Corporation is vested in a Board of = Directors consisting of three members, one of whom is the Comptroller of the Currency, and two of whom are appointed by the President, with the advice and consent of the Senate. Appointive members serve 6-year terms, and one serves as Chairman of the Board of Directors. The headquarters office is located in Washington, and there are 14 regional offices in the field organization with a Regional Director in charge of each. For the most part, the Corporation's field employees are bank examiners.

The Corporation does not operate on funds appropriated by Congress. Its income is derived from assessments on deposits held by insured banks and from interest on the required investment of its surplus funds in Government securities. The accumulated net income of the Corporation (the Deposit Insurance Fund) totaled $7.3 billion on December 31, 1976. The Corporation also has authority to borrow from the Treasury up to $3 billion for insurance purposes, although it has never used that authority.

The Federal Deposit Insurance Corporation was organized under authority of section 12B of the Federal Reserve Act, approved June 16, 1933 (48 Stat. 162; 12 U.S.C. 264). By leg

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islation approved September 21, 1950 (64 Stat. 873; 12 U.S.C. 1811-1831), section 12B of the Federal Reserve Act, as amended, was withdrawn as part of the Federal Reserve Act and made a separate law known as the "Federal Deposit Insurance Act." The act also made numerous amendments to the former deposit insurance

statutes.

FUNCTIONS AND ACTIVITIES

The Corporation insures, up to the statutory limitation, the deposits in national banks, in State banks which are members of the Federal Reserve System, and in State banks which apply for Federal Deposit Insurance and meet certain prescribed qualifications.

In the event of a bank failure, the claim of each depositor (up to $40,000) is promptly paid upon assignment to the Corporation of his rights to recoveries to the extent of his insured deposits.

The Corporation may make loans to, or purchase assets from, insured banks in order to facilitate mergers or consolidations, when such action for the protection of depositors will reduce

risks or avert threatened loss to the Corporation; or will make possible the reopening of a closed insured bank or prevent the closing of an insured bank when the Corporation considers the continued operation of such bank is essential to provide adequate banking services in the community.

The Federal Deposit Insurance Act authorizes the Corporation to terminate the insured status of a bank which continues, after notice and hearing, to engage in unsafe and unsound banking practices or in violation of law or regulations; publish notice of such termination; and regulate the manner in which the bank shall give the required notice of such termination to depositors (whose deposits in the bank at the time of termination continue to be insured for 2 years).

The FDIC acts as receiver for all national banks placed in receivership, and for State banks placed in receivership when it is appointed by State authorities.

To enable the public to know that the deposits of certain banks are insured, the Corporation prescribes rules and regulations relating to the use of

Regional Offices-Federal Deposit Insurance Corporation

Region

Address

ATLANTA-Alabama, Florida, Georgia. BOSTON-Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont.

CHICAGO-Illinois, Indiana.

COLUMBUS-Kentucky, Ohio, West Virginia.
DALLAS-Colorado, New Mexico, Oklahoma,
Texas.

MADISON-Michigan, Wisconsin..
MEMPHIS-Arkansas, Louisiana, Mississippi,
Tennessee.

MINNEAPOLIS-Minnesota, Montana, North
Dakota, South Dakota, Wyoming.

NEW YORK-New Jersey, New York, Puerto Rico, Virgin Islands.

OMAHA-Iowa, Nebraska..

Regional Director

Lewis C. Beasley.. Edwin B. Burr..

2 Peachtree St. NW., Atlanta, Ga. 30303. 2 Center Plaza, Boston, Mass. 02108.

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PHILADELPHIA-Delaware, Maryland, Penn- Frank T. Locki..

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1700 Farnam St., Omaha, Nebr. 68102.

5 Penn Center Plaza, Philadelphia, Pa. 19103.

908 E. Main St., Richmond, Va. 23219.

Robert V. Shumway.

SAN FRANCISCO-Alaska, Arizona, California,

Charles E. Doster.

720 Olive St., St. Louis, Mo. 63101. 44 Montgomery St., San Francisco, Calif. 94104.

Guam, Hawaii, Idaho, Nevada, Oregon, Utah, Washington.

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