[Federal Register Volume 61, Number 25 (Tuesday, February 6, 1996)]
[Rules and Regulations]
[Page 4349]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-2460]
========================================================================
Rules and Regulations
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains regulatory documents
having general applicability and legal effect, most of which are keyed
to and codified in the Code of Federal Regulations, which is published
under 50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by the Superintendent of Documents.
Prices of new books are listed in the first FEDERAL REGISTER issue of each
week.
========================================================================
Federal Register / Vol. 61, No. 25 / Tuesday, February 6, 1996 /
Rules and Regulations
[[Page 4349]]
FARM CREDIT SYSTEM INSURANCE CORPORATION
5 CFR Chapter XXX and Part 4001
12 CFR Part 1401
RIN 3055-AA03, 3209-AA15
Supplemental Standards of Ethical Conduct for Employees of the
Farm Credit System Insurance Corporation
AGENCY: Farm Credit System Insurance Corporation.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: The Farm Credit System Insurance Corporation (Corporation)
Board, with the concurrence of the Office of Government Ethics (OGE),
adopts as final an interim rule which supplements the Standards of
Ethical Conduct for Employees of the Executive Branch (Executive
Branch-wide Standards) issued by the Office of Government Ethics. The
final rule is a necessary supplement to the Executive Branch-wide
Standards because it addresses ethical issues unique to Corporation
programs and operations. In addition to this final rule, the
Corporation is issuing a single section in its regulations that
provides cross-references to the Executive Branch-wide Standards and
financial disclosure regulations, as well as these new supplemental
regulations.
EFFECTIVE DATE: February 6, 1996.
FOR FURTHER INFORMATION CONTACT: Wendy R. Laguarda, Senior Attorney and
Deputy Ethics Official, Farm Credit System Insurance Corporation,
McLean, VA 22102-0826, (703) 883-4234, TDD (703) 883-4444.
SUPPLEMENTARY INFORMATION: On June 12, 1995, the Corporation published,
with OGE concurrence and co-signature, an interim rule (60 FR 30773)
and requested comments thereon. The interim rule established
regulations imposing prohibitions on the ownership of certain financial
interests; prohibitions on certain forms of borrowing and extensions of
credit; limitations on purchases of assets owned by Farm Credit System
institutions, conservatorship or receivership assets, or certain assets
held by the Corporation; restrictions arising from the employment of
relatives; a prohibition against involvement in Farm Credit System
board member elections; and restrictions on outside employment and
business activities. The Corporation also issued a single section in
its regulations at 12 CFR part 1401 to provide cross-references to the
Executive Branch-wide Standards and financial disclosure regulations,
as well as these new supplemental regulations codified at 5 CFR part
4001.
The Corporation received no comments on the interim rule.
Accordingly, the Corporation Board, with the concurrence of OGE,
adopts the interim rule adding 5 CFR chapter XXX consisting of part
4001 and 12 CFR part 1401 which was published at 60 FR 30773 on June
12, 1995, as a final rule without change.
Dated: January 18, 1996.
Floyd Fithian,
Secretary, Farm Credit System Insurance Corporation.
Approved: January 24, 1996.
Stephen D. Potts,
Director, Office of Government Ethics.
[FR Doc. 96-2460 Filed 2-5-96; 8:45 am]
BILLING CODE 6710-01-P
