Grand Haven is home to the United States Coast Guard's "Sector Field Office Grand Haven." The first Coast Guard presence in the city was in 1924. The Coast Guard cutter "Escanaba" was based in the city until the Second World War. After it was sunk by a U-boat of Nazi Germany's "Kriegsmarine", the citizens of Grand Haven raised more than $1,000,000 in bonds to build a replacement cutter bearing the same name; several pieces of wreckage remain displayed on the city's waterfront.[http://www.grandhaven.org/recreation/parks/escanaba-park/] Grand Haven hosts the annual Coast Guard Festival, a celebration based on Coast Guard Day, which draws U.S. and Canadian vessels along with parades of bands and other activities, including a memorial to the 101 sailors lost in the "Escanaba" sinking. The yearly attendance for this event exceeds 300,000 people over the two-week period of the festival. Grand Haven is the first city officially designated as Coast Guard City, USA by an act of Congress signed by President Bill Clinton. The act was Public Law 105-383 enacted by the United States Congress and signed by the president on November 13, 1998.