Federal Disaster Insurance, Report of the Committee on Banking and Currency, United States Senate (January, 9 1956) – large file
LETTER OF TRANSMITTAL
UNITED STATES SENATE,
COMMITTEE ON BANKING AND CURRENCY,
November 30, 1955.
Hon. J. W. FULBRIGHT,
Chairman, Committee on Banking and Currency,
United States Senate, Washington, D. C.
DEAR SENATOR FULBRIGHT:
At your direction, the staff has prepared background materials relating to consideration of a Federal disaster insurance program. Except for certain deletions and rearrangements, this compilation was made available to all members of the committee, in substantially its present form, at the beginning of the hearings on October 31, 1955. Since the study was intended to lay the groundwork for the initial phases of the committee’s inquiry, it does not generally include information developed during the hearings. Such data will be taken into account in future committee reports. Limitation of time has restricted the amount of detailed data included and has precluded a more complete analysis of the materials. While the scope of the study includes all natural and manmade disasters, emphasis has been placed on those for which insurance is not readily available (such as floods) and for which information was obtainable in a short period of time from public and private sources. From this committee’s own files came much of the material dealing with the problems of war damage–the result of considerable renewed attention given to this phase of the problem since 1950. The committee staff received fine cooperation from the Federal agencies, private organizations, and individuals that were requested to supply data. The materials included in this study were compiled and prepared by Mr. William F. McKenna, counsel of the committee. Mr. Donald L. Rogers, also counsel of the committee, prepared the chapter on natural disaster relief. The staff wishes gratefully to acknowledge the contributions of the various Government agencies, private organizations and individuals listed at the end of the study.
ROBERT A. WALLACE, Staff Director.