[Federal Register Volume 61, Number 25 (Tuesday, February 6, 1996)]
[Rules and Regulations]
[Page 4349]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-2460]



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  Federal Register / Vol. 61, No. 25 / Tuesday, February 6, 1996 / 
Rules and Regulations  

[[Page 4349]]


FARM CREDIT SYSTEM INSURANCE CORPORATION

5 CFR Chapter XXX and Part 4001

12 CFR Part 1401

RIN 3055-AA03, 3209-AA15


Supplemental Standards of Ethical Conduct for Employees of the 
Farm Credit System Insurance Corporation

AGENCY: Farm Credit System Insurance Corporation.

ACTION: Final rule.

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SUMMARY: The Farm Credit System Insurance Corporation (Corporation) 
Board, with the concurrence of the Office of Government Ethics (OGE), 
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. The 
final rule is a necessary supplement to the Executive Branch-wide 
Standards because it addresses ethical issues unique to Corporation 
programs and operations. In addition to this final rule, the 
Corporation is issuing a single section in its regulations that 
provides cross-references to the Executive Branch-wide Standards and 
financial disclosure regulations, as well as these new supplemental 
regulations.

EFFECTIVE DATE: February 6, 1996.

FOR FURTHER INFORMATION CONTACT: Wendy R. Laguarda, Senior Attorney and 
Deputy Ethics Official, Farm Credit System Insurance Corporation, 
McLean, VA 22102-0826, (703) 883-4234, TDD (703) 883-4444.

SUPPLEMENTARY INFORMATION: On June 12, 1995, the Corporation published, 
with OGE concurrence and co-signature, an interim rule (60 FR 30773) 
and requested 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 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 Corporation also issued a single section in 
its regulations at 12 CFR part 1401 to provide cross-references to the 
Executive Branch-wide Standards and financial disclosure regulations, 
as well as these new supplemental regulations codified at 5 CFR part 
4001.
    The Corporation received no comments on the interim rule.
    Accordingly, the Corporation Board, with the concurrence of OGE, 
adopts the interim rule adding 5 CFR chapter XXX consisting of part 
4001 and 12 CFR part 1401 which was published at 60 FR 30773 on June 
12, 1995, as a final rule without change.

    Dated: January 18, 1996.
Floyd Fithian,
Secretary, Farm Credit System Insurance Corporation.
    Approved: January 24, 1996.
Stephen D. Potts,
Director, Office of Government Ethics.
[FR Doc. 96-2460 Filed 2-5-96; 8:45 am]
BILLING CODE 6710-01-P