98-29101. Organization; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Affairs; Disclosure to Shareholders; Title V Conservators and Receivers; Capital Provisions; Correction

[Federal Register Volume 63, Number 210 (Friday, October 30, 1998)]
[Rules and Regulations]
[Pages 58289-58290]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-29101]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 611, 615, 620 and 627

RIN 3052-AB58


Organization; Funding and Fiscal Affairs, Loan Policies and 
Operations, and Funding Affairs; Disclosure to Shareholders; Title V 
Conservators and Receivers; Capital Provisions; Correction

AGENCY: Farm Credit Administration.

ACTION: Final rule; correction.

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SUMMARY: The Farm Credit Administration (FCA) published a final rule 
(63 FR 39219, July 22, 1998) that amended the capital adequacy and 
related regulations to address: interest rate risk; the grounds for 
appointing a conservator or receiver; capital and bylaw requirements 
for service corporations; and various computational issues and other 
issues involving the capital regulations. This document corrects an 
error in one of the amendatory instructions of the final rule.

EFFECTIVE DATE: September 14, 1998.

FOR FURTHER INFORMATION CONTACT: Cindy R. Nicholson, Paralegal 
Specialist, Office of Policy and Analysis, Farm Credit Administration, 
McLean, VA 22102-5090, [phone], TDD [phone].

SUPPLEMENTARY INFORMATION: In preparing the final rule for publication 
in the Federal Register, an error was inadvertently made in amendatory 
instruction number 8 on page 39226, column 2.
    Accordingly, the amendatory instruction is corrected to read as 
follows:
    8. Section 615.5210 is amended by adding new paragraph (e)(11); 
removing paragraphs (f)(2)(iii) and (f)(2)(v); redesignating paragraph 
(f)(2)(iv) as new paragraph (f)(2)(iii); adding a new paragraph 
(f)(2)(iv); removing the

[[Page 58290]]

reference ``1 year'' and adding in its place, the reference ``14 
months'' in paragraph (f)(3)(ii)(C)(2); and revising paragraphs (a), 
(b), (e) introductory text, (e)(1), (e)(6), (e)(10), (f)(2)(i), 
(f)(2)(ii), heading of newly designated (f)(2)(iii), (f)(3)(ii)(A), and 
(f)(3)(iii) to read as follows:

    Dated: October 27, 1998.
Floyd Fithian,
Secretary, Farm Credit Administration Board.
[FR Doc. 98-29101 Filed 10-29-98; 8:45 am]
BILLING CODE 6705-01-P