[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