[Federal Register Volume 61, Number 45 (Wednesday, March 6, 1996)]
[Notices]
[Pages 8935-8936]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5421]
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FARM CREDIT ADMINISTRATION
Sunshine Act Meeting; Proposed Related Services; Real Estate
Brokerage, Farm Management, and Minerals Management
AGENCY: Farm Credit Administration.
ACTION: Public notice.
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SUMMARY: On July 17, 1995, the Farm Credit Administration (FCA or
Agency), published a request for public comments regarding an inquiry
by a Farm Credit System (System or FCS) institution for approval to
offer Real Estate Brokerage, Farm Management, and Minerals Management
service programs as authorized ``Related Services.'' The public comment
period closed on September 15, 1995. Subsequently, the request for
approval by the FCS institution was withdrawn, and the Agency is no
longer considering the request.
FOR FURTHER INFORMATION CONTACT:
Linda C. Sherman, Policy Analyst, Regulation Development, Office of
Examination, Farm Credit Administration, McLean, VA 22102-5090, (703)
883-4498, TDD (703) 883-4444,
or
Gary K. Van Meter, Senior Attorney, Regulatory Operations Division,
Office of General Counsel, Farm Credit Administration, McLean, VA
22102-5090, (703) 883-4020, TDD (703) 883-4444.
SUPPLEMENTARY INFORMATION: On July 17, 1995, the FCA requested public
comment (60 FR 36415) on the following related services that were being
contemplated under Sec. 618.8000: Real Estate Brokerage Services, Farm
Management Services, and Minerals Management Services.
The regulation at Sec. 618.8000 requires a prior determination that
any new services, not previously authorized and placed on the Related
Services List (RS List), are legally authorized and do not present
excessive risk to the requesting institution or the System as a whole.
Because of the complex nature of these proposed services, the FCA
solicited public comment prior to acting on the request, in accordance
with the guidelines recently adopted in Sec. 618.8010(b)(3).
Many comments were received from FCS institutions, real estate
brokers, auctioneers, commercial bankers, and Members of Congress.
However, before the Agency completed its deliberations, the FCS
institution that had originally requested approval of real estate
brokerage, farm management, and minerals management services withdrew
its request. Because the request was withdrawn, approval of the three
services and their addition to the RS List is no longer under
consideration by the Agency.
[[Page 8936]]
Dated: March 4, 1996.
Floyd Fithian,
Secretary, Farm Credit Administration Board.
[FR Doc. 96-5421 Filed 3-4-96; 2:07 pm]
BILLING CODE 6705-01-P
