[Federal Register Volume 60, Number 157 (Tuesday, August 15, 1995)]
[Rules and Regulations]
[Page 42029]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-20161]
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FARM CREDIT ADMINISTRATION
12 CFR Parts 611, 618, and 620
RIN 3052-AB43
Organization; General Provisions; Disclosure to Shareholders;
Technical Assistance and Financially Related Services; Member
Insurance; Correction and Effective Date
AGENCY: Farm Credit Administration.
ACTION: Final rule correction and notice of effective date.
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SUMMARY: The Farm Credit Administration (FCA) published a final
regulation under parts 611, 618, and 620 on June 30, 1995 (60 FR
34090). The final regulation defines what constitutes technical
assistance, financial assistance, and financially related services and
what types of activities the Farm Credit System institutions are
authorized to provide. This regulation supersedes and replaces the
existing FCA Board Policy and Bookletter on Out-of-Territory
Financially Related Services published in 1993. This document also
corrects a typographical error that appeared in the publication of the
final regulation. In accordance with 12 U.S.C. 2252, the effective date
of the final rule is 30 days from the date of publication in the
Federal Register during which either or both Houses of Congress are in
session. Based on the records of the sessions of Congress, the
effective date of the regulation is August 8, 1995.
EFFECTIVE DATE: The regulation amending 12 CFR parts 611, 618, and 620
published on June 30, 1995 (60 FR 34090) and this correction to that
final regulation are effective August 8, 1995.
FOR FURTHER INFORMATION CONTACT:
Linda C. Sherman, Policy Analyst, Regulation Development, Office of
Examination, Farm Credit Administration, McLean, Virginia 22102-5090,
(703) 883-4498, TDD (703) 883-4444,
or
Joy E. Strickland, Senior Attorney, Regulatory Operations Division,
Office of General Counsel, Farm Credit Administration, McLean, Virginia
22102-5090, (703) 883-4020, TDD (703) 883-4444.
SUPPLEMENTARY INFORMATION: In preparing the final rule for publication
in the Federal Register, a portion of the text was inadvertently
omitted in the first sentence of Sec. 618.8025(a).
List of Subjects
12 CFR Part 611
Agriculture, Banks, banking, Rural areas.
12 CFR Part 618
Agriculture, Archives and records, Banks, banking, Insurance,
Reporting and recordkeeping requirements, Rural areas, Technical
assistance.
12 CFR Part 620
Accounting, Agriculture, Banks, banking, Reporting and
recordkeeping requirements, Rural areas.
PART 618--GENERAL PROVISIONS
1. The authority citation for part 618 continues to read as
follows:
Authority: Secs. 1.5, 1.11, 1.12, 2.2, 2.4, 2.5, 2.12, 3.1, 3.7,
4.12, 4.13A, 4.25, 4.29, 5.9, 5.10, 5.17 of the Farm Credit Act (12
U.S.C. 2013, 2019, 2020, 2073, 2075, 2076, 2093, 2122, 2128, 2183,
2200, 2211, 2218, 2243, 2244, 2252).
Subpart A--Related Services
2. On page 34101, first column, the first sentence of paragraph (a)
is corrected to read as follows:
Sec. 618.8025 Feasibility reviews.
(a) Prior to an association offering a related service program for
the first time or offering a service that it did not offer during the
most recently completed business cycle (generally 1 year), the board of
directors of the funding bank must verify that the association has
performed a feasibility analysis pursuant to Sec. 618.8020. * * *
* * * * *
Dated: August 9, 1995.
Floyd Fithian,
Secretary, Farm Credit Administration Board.
[FR Doc. 95-20161 Filed 8-14-95; 8:45 am]
BILLING CODE 6705-01-P
