[Federal Register Volume 59, Number 111 (Friday, June 10, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-14202]


[[Page Unknown]]

[Federal Register: June 10, 1994]


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FARM CREDIT ADMINISTRATION

 

Statement of Policy on System Institution Activities Involving 
the Potential for Nonexclusive Territories; Extension of Comment Period

AGENCY: Farm Credit Administration.

ACTION: Proposed statement of policy; comment period extension.

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SUMMARY: The Farm Credit Administration (FCA) Board published for 
comment a proposed ``Statement of Policy on System Institution 
Activities Involving the Potential for Nonexclusive Territories'' in 
the Federal Register on April 13, 1994 (59 FR 17543). The comment 
period is scheduled to expire on June 13, 1994. The FCA Board hereby 
gives notice that the original comment period is extended to July 13, 
1994.

DATES: The period for receipt of written comments is hereby extended to 
July 13, 1994.

ADDRESSES: Comments should be mailed or delivered (in triplicate) to 
Kenneth D. Smith, Executive Assistant to FCA Board Member Gary C. 
Byrne, Farm Credit Administration, 1501 Farm Credit Drive, McLean, 
Virginia 22102-5090. Copies of all comments received will be available 
for examination by interested parties in the offices of the Farm Credit 
Administration, 1501 Farm Credit Drive, McLean, Virginia.

FOR FURTHER INFORMATION CONTACT: Kenneth D. Smith, Executive Assistant 
to FCA Board Member Gary C. Byrne, Farm Credit Administration, 1501 
Farm Credit Drive, McLean, Virginia 22102-5090, (703) 883-4000, TDD 
(703) 883-4444.

SUPPLEMENTARY INFORMATION: The 1971 Act authorizes the FCA to issue and 
amend the charters of System institutions and regulate the exercise of 
their powers. Included in this authority is the ability for the FCA to 
issue or amend charters or promulgate regulations that would result in 
increased competition among System institutions. The issue of 
competition among System institutions arises, typically, in two types 
of situations. First, charters could be issued authorizing two or more 
System institutions to extend the same types of credit services to the 
same types of customers in the same geographic territories; such 
charters have typically been issued as a result of mergers or other 
chartering actions requested by institutions. Second, institutions 
could be authorized by regulation to engage in certain activities 
outside of their chartered territories.
    The FCA Board has determined that an extended comment period would 
be beneficial in order to ensure that all interested parties have an 
opportunity to comment on the proposed statement of policy on System 
institution activities involving the potential for nonexclusive 
territories.

    Dated: June 7, 1994.
Curtis M. Anderson,
Secretary, Farm Credit Administration Board.
[FR Doc. 94-14202 Filed 6-9-94; 8:45 am]
BILLING CODE 6705-01-P