-
Start Preamble
AGENCY:
Farm Credit Administration (FCA).
ACTION:
Correcting amendment.
SUMMARY:
The Farm Credit Administration (FCA) published a direct Final rule (64 FR 43046, August 9, 1999) that reduced regulatory burden on the Farm Credit System (FCS or System) by repealing or amending 16 regulations. This document corrects technical errors in the direct final rule.
EFFECTIVE DATE:
October 13, 1999.
Start Further InfoFOR FURTHER INFORMATION CONTACT:
Cindy R. Nicholson, Technical Editor, Office of Policy and Analysis, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-4498, TDD (703) 883-4444.
End Further Info End Preamble Start Supplemental InformationSUPPLEMENTARY INFORMATION:
We inadvertently failed to make a nomenclature change in the Regulatory Burden direct final rule published on August 9, 1999 (64 FR 43046) which affected §§ 611.400 and 620.5.
Start List of SubjectsList of Subjects in 12 CFR Parts 611 and 620
- Accounting
- Agriculture
- Banks, banking
- Reporting and recordkeeping requirements
- Rural areas
For the reasons stated above, parts 611 and 620 of chapter VI, title 12 of the Code of Federal Regulations are corrected as follows:
End Amendment Part Start PartPART 611—ORGANIZATION
End Part Start Amendment Part1. The authority citation for part 611 continues to read as follows:
End Amendment PartSubpart D—Rules for Compensation of Board Members
Start Amendment Part2. Section 611.400 is amended by correcting paragraph (e) to read as follows:
End Amendment PartCompensation of bank board members.* * * * *(e) Directors may also be reimbursed for reasonable travel, subsistence, and other related expenses in accordance with the bank's policy.
PART 620—DISCLOSURE TO SHAREHOLDERS
End Part Start Amendment Part3. The authority citation for part 620 continues to read as follows:
End Amendment PartSubpart B—Annual Report to Shareholders
Start Amendment Part4. Section 620.5 is amended by correcting the first sentence of paragraph (i)(3)(i) to read as follows:
End Amendment PartContents of the annual report to shareholders.* * * * *(i) * * *
(3) * * *
(i) Briefly describe your policy addressing reimbursements for travel, subsistence, and other related expenses Start Printed Page 8024as it applies to directors and senior officers. * * *
* * * * *Dated: February 10, 2000.
Vivian L. Portis,
Secretary Farm Credit Administration Board.
[FR Doc. 00-3681 Filed 2-16-00; 8:45 am]
BILLING CODE 6705-01-P
Document Information
- Published:
- 02/17/2000
- Department:
- Farm Credit Administration
- Entry Type:
- Rule
- Action:
- Correcting amendment.
- Document Number:
- 00-3681
- Dates:
- October 13, 1999.
- Pages:
- 8023-8024 (2 pages)
- RINs:
- 3052-AB85: Statement on Regulatory Burden
- RIN Links:
- https://www.federalregister.gov/regulations/3052-AB85/statement-on-regulatory-burden
- Topics:
- Accounting, Agriculture, Banks, banking, Banks, banking, Banks, banking, Banks, banking, Reporting and recordkeeping requirements, Rural areas
- PDF File:
- 00-3681.pdf
- CFR: (2)
- 12 CFR 611.400
- 12 CFR 620.5