[Federal Register Volume 61, Number 45 (Wednesday, March 6, 1996)]
[Notices]
[Pages 8935-8936]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5421]



=======================================================================
-----------------------------------------------------------------------

FARM CREDIT ADMINISTRATION


Sunshine Act Meeting; Proposed Related Services; Real Estate 
Brokerage, Farm Management, and Minerals Management

AGENCY: Farm Credit Administration.

ACTION: Public notice.

-----------------------------------------------------------------------

SUMMARY: On July 17, 1995, the Farm Credit Administration (FCA or 
Agency), published a request for public comments regarding an inquiry 
by a Farm Credit System (System or FCS) institution for approval to 
offer Real Estate Brokerage, Farm Management, and Minerals Management 
service programs as authorized ``Related Services.'' The public comment 
period closed on September 15, 1995. Subsequently, the request for 
approval by the FCS institution was withdrawn, and the Agency is no 
longer considering the request.

FOR FURTHER INFORMATION CONTACT:
Linda C. Sherman, Policy Analyst, Regulation Development, Office of 
Examination, Farm Credit Administration, McLean, VA 22102-5090, (703) 
883-4498, TDD (703) 883-4444,

or

Gary K. Van Meter, Senior Attorney, Regulatory Operations Division, 
Office of General Counsel, Farm Credit Administration, McLean, VA 
22102-5090, (703) 883-4020, TDD (703) 883-4444.

SUPPLEMENTARY INFORMATION: On July 17, 1995, the FCA requested public 
comment (60 FR 36415) on the following related services that were being 
contemplated under Sec. 618.8000: Real Estate Brokerage Services, Farm 
Management Services, and Minerals Management Services.
    The regulation at Sec. 618.8000 requires a prior determination that 
any new services, not previously authorized and placed on the Related 
Services List (RS List), are legally authorized and do not present 
excessive risk to the requesting institution or the System as a whole. 
Because of the complex nature of these proposed services, the FCA 
solicited public comment prior to acting on the request, in accordance 
with the guidelines recently adopted in Sec. 618.8010(b)(3).
    Many comments were received from FCS institutions, real estate 
brokers, auctioneers, commercial bankers, and Members of Congress. 
However, before the Agency completed its deliberations, the FCS 
institution that had originally requested approval of real estate 
brokerage, farm management, and minerals management services withdrew 
its request. Because the request was withdrawn, approval of the three 
services and their addition to the RS List is no longer under 
consideration by the Agency.


[[Page 8936]]

    Dated: March 4, 1996.
Floyd Fithian,
Secretary, Farm Credit Administration Board.
[FR Doc. 96-5421 Filed 3-4-96; 2:07 pm]
BILLING CODE 6705-01-P