[Federal Register Volume 60, Number 177 (Wednesday, September 13, 1995)]
[Rules and Regulations]
[Page 47453]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-22610]



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Rules and Regulations
                                                Federal Register
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  Federal Register / Vol. 60, No. 177 / Wednesday, September 13, 1995 
/ Rules and Regulations  


[[Page 47453]]


FARM CREDIT ADMINISTRATION

5 CFR Part 4101

12 CFR Part 601

RIN 3052-AB50, 3209-AA15


Supplemental Standards of Ethical Conduct for Employees of the 
Farm Credit Administration

AGENCY: Farm Credit Administration.

ACTION: Final rule.

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SUMMARY: The Farm Credit Administration (FCA) Board adopts as final an 
interim rule which supplements the Standards of Ethical Conduct for 
Employees of the Executive Branch (Executive Branch-wide Standards) 
issued by the Office of Government Ethics (OGE). The final rule is a 
necessary supplement to the Executive Branch-wide Standards because it 
addresses ethical issues unique to FCA programs and operations. The 
final rule also repeals the FCA's current regulation on these subjects 
and replaces them with a single section that provides cross-references 
to the Executive Branch-wide Standards and financial disclosure 
regulations, as well as these new supplemental regulations.

EFFECTIVE DATE: September 13, 1995.

FOR FURTHER INFORMATION CONTACT:

Eric Howard, Policy Analyst, Regulation Development, Office of 
Examination, Farm Credit Administration, McLean, VA 22102-5090, (703) 
883-4498,

  or

  Wendy R. Laguarda, Senior Attorney and Deputy Ethics Official, Office 
of General Counsel, Farm Credit Administration, McLean, VA 22102-5090, 
(703) 883-4234, TDD (703) 883-4444.

SUPPLEMENTARY INFORMATION: On June 12, 1995, the FCA published an 
interim rule (60 FR 30778) and requested public comments thereon. The 
interim rule established regulations imposing prohibitions on the 
ownership of certain financial interests; prohibitions on certain forms 
of borrowing and extensions of credit; limitations on purchases of 
assets owned by Farm Credit System institutions, conservatorship or 
receivership assets, or certain assets held by the Farm Credit System 
Insurance Corporation; restrictions arising from the employment of 
relatives; a prohibition against involvement in Farm Credit System 
board member elections; and restrictions on outside employment and 
business activities. The interim rule also amended 12 CFR part 601 by 
removing Secs. 601.100-601.102. A new Sec. 601.100 was added to provide 
a cross-reference to the FCA's supplemental ethical conduct regulation, 
codified at 5 CFR part 4101, and the Executive Branch-wide financial 
disclosure and standards of ethical conduct regulations at 5 CFR parts 
2634 and 2635.
    The FCA received no comments on the interim rule. Accordingly, the 
FCA Board adopts the interim rule adding 5 CFR part 4101 and amending 
12 CFR part 601 which was published at 60 FR 30778 on June 12, 1995, as 
a final rule without change.

List of Subjects

5 CFR Part 4101

    Conflicts of interests, Government employees.

12 CFR Part 601

    Conflicts of interests.

    Dated: August 31, 1995.
Floyd Fithian,
Secretary, Farm Credit Administration Board.
[FR Doc. 95-22610 Filed 9-12-95; 8:45 am]
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