Page 12 - October 2017

Study (FIS) reports for communities in the state 25/pdf/2017-20470.pdf. Federal Register, Vol.
of Arkansas. The FIRM and FIS report are the 82, No. 184, 09/25/2017, 44638-44639.
basis of the floodplain management measures
that the community is required either to adopt or FinCEN Corrects Amendments to
to show evidence of having in effect in order to Customer Due Diligence Requirements.
qualify or remain qualified for participation in
the National Flood Insurance Program (NFIP). The Financial Crimes Enforcement Network
Comments are due 12/12/2017. The proposal (FinCEN) is making technical corrections to a final
may be viewed at: rule published in the Federal Register on 05/11/2016.
https://www.gpo.gov/fdsys/pkg/FR-2017-09- The final rule relates to certain customer due
13/pdf/2017-19415.pdf. Federal Register, Vol. diligence standards applicable to covered financial
82, No. 176, 09/13/2017, 43031-43032. institutions, defined as banks, brokers or dealers in
securities, mutual funds, and futures commission
• FEMA requests comment on proposed flood merchants and introducing brokers in commodities.
hazard determinations, which may include As published, the final rule contains technical errors
additions or modifications of any Base Flood that could cause confusion if not corrected. These
corrections are effective 09/28/2017. The correction
Elevation (BFE), base flood depth, Special Flood may be viewed at:
Hazard Area (SFHA) boundary or zone https://www.gpo.gov/fdsys/pkg/FR-2017-09-
designation, or regulatory floodway on the Flood 28/pdf/2017-20777.pdf. Federal Register, Vol. 82,
Insurance Rate Maps (FIRMs), and where No. 187, 09/28/2017, 45182-45187.
applicable, in the supporting Flood Insurance
Study (FIS) reports for communities in the states Treasury Issues Notice of Funds
of Illinois, Indiana, and New Jersey. The FIRM
and FIS report are the basis of the floodplain Availability for Bank Enterprise Award
management measures that the community is Program.
required either to adopt or to show evidence of The Department of the Treasury (Treasury) issued a
having in effect in order to qualify or remain Notice of Funds Availability for the fiscal year 2017
qualified for participation in the National Flood funding round of the Bank Enterprise Award
Insurance Program (NFIP). Comments are due Program (BEA Program). The BEA Program is
12/26/2017. The proposal may be viewed at: administered by the U.S. Department of the
https://www.gpo.gov/fdsys/pkg/FR-2017-09- Treasury’s Community Development Financial
25/pdf/2017-20468.pdf. Federal Register, Vol. Institutions Fund (CDFI Fund). Through the BEA
82, No. 184, 09/25/2017, 44633-44634. Program, the CDFI Fund awards formula-based
grants to depository institutions that are insured by
• FEMA requests comment on proposed flood FDIC for increasing their levels of loans,
hazard determinations, which may include investments, Service Activities, and technical
additions or modifications of any Base Flood assistance within Distressed Communities, and
Elevation (BFE), base flood depth, Special Flood financial assistance to certified Community
Hazard Area (SFHA) boundary or zone Development Financial Institutions through equity
investments, equity-like loans, grants, stock
designation, or regulatory floodway on the Flood purchases, loans, deposits, and other forms of
Insurance Rate Maps (FIRMs), and where financial and technical assistance, during a specified
applicable, in the supporting Flood Insurance period. The second column of the chart included in
Study (FIS) reports for communities in the state the notice contains relevant deadlines. The notice
of Oregon. The FIRM and FIS report are the may be viewed at:
basis of the floodplain management measures https://www.gpo.gov/fdsys/pkg/FR-2017-09-
that the community is required either to adopt or 29/pdf/2017-20922.pdf. Federal Register, Vol. 82,
to show evidence of having in effect in order to No. 188, 09/29/2017, 45663-45674.
qualify or remain qualified for participation in
the National Flood Insurance Program (NFIP).
Comments are due 12/26/2017. The proposal
may be viewed at:
https://www.gpo.gov/fdsys/pkg/FR-2017-09-

10