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Insurance Corporation

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Inactive Financial Institution Letters 

Loans In Areas Having Special Flood Hazards

March 17, 1999


SUBJECT: New Communities Entering the National Flood
Insurance Program, January 1998 Through January 1999


The attached listing identifies communities that entered the National Flood Insurance Program (NFIP) from January 1998 through January 1999


. These communities are now eligible for flood insurance through the NFIP under the Emergency Program or the Regular Program.

The Emergency Program is for communities that first enter the NFIP. It is an interim program that provides lower levels of flood insurance for eligible structures at subsidized rates. The Federal Emergency Management Agency (FEMA) issues flood hazard boundary maps with this program to permit lenders (and others) to determine whether properties are located in a flood plain area. Communities in the Emergency Program will be admitted to the Regular Program upon completion of specific requirements.

The Regular Program may be entered once a detailed study has been completed and a flood insurance rate map (FIRM) for the area has been issued by FEMA. A FIRM delineates a community by degrees of probable flood hazard and includes more specific area identifications than the flood hazard boundary maps issued under the Emergency Program. The Regular Program provides full insurance coverage for eligible structures, and it requires additional flood-plain management responsibilities for the community.

FEMA provides up-to-date information about the status of communities participating in the NFIP on its Internet site:

For more information about the NFIP, please contact:

  • Lena Thompson, FEMA, (202) 646-3441;
  • Ken Baebel, Senior Review Examiner, FDIC Division of Compliance and Consumer Affairs, (202) 942-3086, e-mail; or
  • Mark Mellon, Counsel, FDIC Legal Division, (202) 898-3854, e-mail

  Ronald F. Bieker
  Acting Director

Attachment: (An electronic version is not available. Check FEMA's Web site for up-to-date information about the status of communities participating in the NFIP:

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).

Last Updated 07/17/1999

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