[Federal Register Volume 61, Number 63 (Monday, April 1, 1996)]
[Notices]
[Pages 14285-14287]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-7808]



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 Notices
                                                 Federal Register
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 This section of the FEDERAL REGISTER contains documents other than rules 
 or proposed rules that are applicable to the public. Notices of hearings 
 and investigations, committee meetings, agency decisions and rulings, 
 delegations of authority, filing of petitions and applications and agency 
 statements of organization and functions are examples of documents 
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  Federal Register / Vol. 61, No. 63 / Monday, April 1, 1996 / 
Notices  

[[Page 14285]]


DEPARTMENT OF AGRICULTURE

Commodity Credit Corporation


Bylaws of Corporation

    The Bylaws of the Commodity Credit Corporation, amended February 5, 
1996, are as follows:

Offices

    1. The principal office of the Corporation shall be in the City of 
Washington, District of Columbia, and the Corporation shall also have 
offices at such other places as it may deem necessary or desirable in 
the conduct of its business.

Seal

    2. There is impressed below the official seal which is hereby 
adopted for the Corporation. Said seal may be used by causing it or a 
facsimile thereof to be impressed or affixed or reproduced.
[GRAPHIC] [TIFF OMITTED] TN01AP96.007

Meetings of the Board

    3. Regular meetings of the Board shall be held, whenever necessary, 
in the Board meeting room in the U.S. Department of Agriculture in the 
City of Washington, D.C. Notice of such meetings shall be provided in 
the same manner as is specified for special meetings in Paragraph 4. No 
regular meetings of the Board shall be held except in accordance with 
provisions of the Government in the Sunshine Act (5 U.S.C. 552b).
    4. Special meetings of the Board may be called at any time by the 
Chairman, the Vice Chairman, or by the President, or the Executive Vice 
President and shall be called by the Chairman, the Vice Chairman, the 
President, or the Executive Vice at the written request of any five 
Members. Notice of special meetings shall be given either personally or 
by mail (including intradepartmental mail channels of the Department of 
Agriculture or interdepartmental mail channels of the Federal 
Government) or by mailgram, and notice by telephone shall be personal 
notice. Any Member may waive in writing such notice as to himself, 
whether before or after the time of the meeting, and the presence of a 
Member at any meeting shall constitute a waiver of notice of such 
meeting. No notice of an adjourned meeting need be given. Any and all 
business may be transacted at any special meeting unless otherwise 
indicated in the notice thereof. No special meetings of the Board shall 
be held except in accordance with provisions of the Government in the 
Sunshine Act (5 U.S.C. 552b).
    5. The Secretary of Agriculture shall serve as Chairman of the 
Board. The Deputy Secretary of Agriculture shall serve as Vice Chairman 
of the Board and, in the absence or unavailability of the Chairman, 
shall preside at meetings of the Board. In the absence or 
unavailability of the Chairman and the Vice Chairman, the President of 
the Corporation shall preside at meetings of the Board. In the absence 
or unavailability of the Chairman, the Vice Chairman, and the 
President, the Members present at the meeting shall designate a 
Presiding Officer.
    6. At any meeting of the Board a quorum shall consist of five 
Members. The act of a majority of the Members present at any meeting at 
which there is a quorum shall be the act of the Board.
    7. The General Counsel of the Department of Agriculture, whose 
office shall perform all legal work of the Corporation, and the 
Associate General Counsel in the Office of the General Counsel who is 
in immediate charge of legal work for the Corporation shall, as General 
Counsel and Associate General Counsel of the Corporation, respectively, 
attend meetings of the Board.
    8. The Executive Vice President, the Vice President who is the 
Associate Administrator of the Farm Service Agency, and the Secretary 
shall attend meetings of the Board. Each of the other Vice Presidents 
and Deputy Vice Presidents and the Controller shall attend meetings of 
the Board during such time as the meetings are devoted to the 
consideration of matters for which such officer is responsible.

[[Page 14286]]


Compensation of Board Members

    9. The compensation of each Member shall be prescribed by the 
Secretary of Agriculture. Any Member who holds another office or 
position under the Federal Government, the compensation for which 
exceeds that prescribed by the Secretary of Agriculture for such 
Member, may elect to receive compensation at the rate provided for such 
other office or position in lieu of compensation as a Member.

Officers

    10. The officers of the Corporation shall be a President, Vice 
Presidents, and Deputy Vice Presidents as hereinafter provided for, a 
Secretary, a Controller, a Treasurer, a Chief Accountant, and such 
additional officers as the Secretary of Agriculture may appoint.
    11. The Under Secretary of Agriculture for Farm and Foreign 
Agricultural Services shall be the ex officio President of the 
Corporation.
    12. The following officials of the Farm Service Agency (hereinafter 
referred to as FSA), the Foreign Agricultural Service (hereinafter 
referred to as FAS), the Food and Consumer Service (hereinafter 
referred to as FCS), and the Agricultural Marketing Service 
(hereinafter referred to as AMS) shall be ex officio officers of the 
Corporation:

Administrator, FSA; Executive Vice President.
Administrator, AMS; Vice President.
Administrator, FAS; Vice President.
Administrator, FCS; Vice President.
General Sales Manager, FAS; Vice President.
Associate Administrator, FSA; Vice President.
Deputy Administrator, Program Delivery and Field Operations, FSA; 
Deputy Vice President.
Deputy Administrator, Commodity Operations, FSA; Deputy Vice President.
Deputy Administrator, Management, FSA; Deputy Vice President.
Deputy Administrator, Farm Programs, FSA; Deputy Vice President.
Director, Economic and Policy Analysis Staff, FSA; Deputy Vice 
President.
Executive Assistant to the Administrator, FSA; Secretary.
Director, Corporate Affairs Staff, Office of the Administrator, FSA; 
Deputy Secretary.
Director, Financial Management Division, FSA; Controller.
Deputy Director, Financial Management Division, FSA; Treasurer.
Chief, Financial Accounting and Reporting Branch, Financial Management 
Division, FSA; Chief Accountant.

    The person occupying, in an acting capacity, any position listed in 
this paragraph shall, during his occupancy of such position, act as the 
corresponding officer of the Corporation.
    13. Officers who do not hold office ex officio shall be appointed 
by the Secretary of Agriculture and shall hold office until their 
respective appointments shall have been terminated.

The President

    14. (a) The President shall have general supervision and direction 
of the Corporation, its officers and employees.
    (b) The President shall establish and direct an Office of the 
Secretariat. Such office shall be responsible for obtaining or 
developing, as the President determines, information on major program 
or policy proposals submitted to the Board.

The Vice Presidents

    15. (a) The Executive Vice President shall be the chief executive 
officer of the Corporation and shall be responsible for submission of 
all Corporation policies and programs to the Board. Except as provided 
in paragraphs (b), (c), (d), and (e) below, the Executive Vice 
President shall have general supervision and direction of the 
preparation of policies and programs for submission to the Board, of 
the administration of the policies and programs approved by the Board, 
and of the day-to-day conduct of the business of the Corporation and of 
its officers and employees.
    (b) The Vice President who is the Administrator, FAS, shall be 
responsible for preparation for submission by the Executive Vice 
President to the Board of those policies and programs of the 
Corporation which are for performance through the facilities and 
personnel of FAS. He shall also have responsibility for the 
administration of those operations of the Corporation, under policies 
and programs approved by the Board, which are carried out through 
facilities and personnel of FAS. He shall also perform such special 
duties and exercise such powers as may be prescribed, from time to 
time, by the Secretary of Agriculture, the Board, or the President of 
the Corporation.
    (c) The Vice President who is Administrator, AMS, shall be 
responsible for the administration of those operations of the 
Corporation, under policies and programs approved by the Board, which 
are carried out through facilities and personnel of AMS. He shall also 
perform such special duties and exercise such powers as may be 
prescribed, from time-to-time, by the Secretary of Agriculture, the 
Board, or the President of the Corporation.
    (d) The Vice President who is the General Sales Manager, FAS, shall 
be responsible for preparation for submission by the Executive Vice 
President to the Board of policies and programs of the Corporation 
which are for performance through the facilities and personnel of FAS. 
He shall also have responsibility for the administration of those 
operations of the Corporation, under the policies and programs approved 
by the Board, which are carried out through facilities and personnel of 
FAS. He shall also perform such special duties and exercise such powers 
as may be prescribed, from time-to-time, by the Secretary of 
Agriculture, the Board, or the President of the Corporation.
    (e) The Vice President who is the Administrator, FCS, shall be 
responsible for the administration of those operations of the 
Corporation, under policies and programs approved by the Board, which 
are carried out through facilities and personnel of FCS. He shall also 
perform such special duties and exercise such powers as may be 
prescribed, from time-to-time, by the Secretary of Agriculture, the 
Board, or the President of the Corporation.
    16. The Vice President who is the Associate Administrator, FSA, and 
the Deputy Vice Presidents shall assist the Executive Vice President in 
the performance of his duties and the exercise of his powers to such 
extent as the President or the Executive Vice President shall 
prescribe, and shall perform such special duties and exercise such 
powers as may be prescribed, from time-to-time, by the Secretary of 
Agriculture, the Board, the President of the Corporation, or the 
Executive Vice President of the Corporation.

The Secretary

    17. The Secretary shall attend and keep the minutes of all meetings 
of the Board; shall attend to the giving and serving of all required 
notices of meetings of the Board; shall sign all papers and instruments 
to which his signature shall be necessary or appropriate; shall attest 
the authenticity of and affix the seal of the Corporation upon any 
instrument requiring such action and shall perform such other duties 
and exercise such other powers as are commonly incidental to the Office 
of Secretary as well as such other duties as may be prescribed, from 
time-to-time, by the President or the Executive Vice President.

[[Page 14287]]


The Controller

    18. The Controller shall have charge of all fiscal and accounting 
affairs of the Corporation, including all borrowings and related 
financial arrangements, claims activities, and formulation of prices in 
accordance with established policies; and shall perform such other 
duties as may be prescribed, from time-to-time, by the President or the 
Executive Vice President.

The Treasurer

    19. (a) The Treasurer shall assist the Controller in the 
administration of all fiscal and accounting affairs of the Corporation, 
including all borrowings and related financial arrangements, claims 
activities, and formulation of prices in accordance with established 
policies; and shall perform such other duties relating to the fiscal 
and accounting affairs of the Corporation as may be prescribed, from 
time-to-time, by the Controller, the President, or the Executive Vice 
President.
    (b) The Treasurer, under the general supervision and direction of 
the Controller, shall also have charge of the custody, safekeeping and 
disbursement of all funds of the Corporation; shall designate qualified 
persons to authorize disbursement of corporate funds; shall direct the 
disbursement of funds by disbursing officers of the Corporation or by 
the Treasurer of the United States, Federal Reserve Banks, and other 
fiscal agents of the Corporation; shall be responsible for documents 
relating to the general financing operations of the Corporation, 
including borrowings from the United States Treasury, commercial banks 
and others; shall arrange for the payment of interest on the capital 
stock of the Corporation; and shall coordinate and give general 
supervision to the claims activities of the Corporation and have 
authority to collect all monies due the Corporation, to receipt 
therefor, and to deposit same for the account of the Corporation.

The Chief Accountant

    20. The Chief Accountant, under the general supervision and 
direction of the Controller, shall have charge of the general books and 
accounts of the Corporation and the preparation of financial statements 
and reports. He shall be responsible for the initiation, preparation 
and issuance of policies and practices related to accounting matters 
and procedures, including official inventories, records, accounting and 
related office procedures where standardized, and adequate subsidiary 
records of revenues, expenses, assets and liabilities; and shall 
perform such other duties relating to the fiscal and accounting affairs 
of the Corporation as may be prescribed, from time-to-time, by the 
Controller.

Other Officials

    21. Except as otherwise authorized by the Secretary of Agriculture 
or the Board, the operations of the Corporation shall be carried out 
through the facilities and personnel of FSA, FAS, FCS, and AMS in 
accordance with any assignment of functions and responsibilities made 
by the Secretary of Agriculture and, within his respective agency or 
office, by the Administrators of FSA, FAS, FCS, or AMS, or the General 
Sales Manager, FAS.
    22. The Directors of the divisions and the Directors of the Kansas 
City Commodity Office and the Kansas City Management Office of FSA 
shall be Contracting Officers and executives of the Corporation in 
general charge of the activities of the Corporation carried out through 
their respective divisions or offices. The responsibilities of such 
Directors in carrying out activities of the Corporation, which shall 
include the authority to settle and adjust claims by and against the 
Corporation arising out of activities under their jurisdiction, shall 
be discharged in conformity with these Bylaws and applicable programs, 
policies, and procedures.

Contracts of the Corporation

    23. Contracts of the Corporation relating to any of its activities 
may be executed in its name by the Secretary of Agriculture or the 
President. The Vice Presidents, the Deputy Vice Presidents, the 
Controller, the Treasurer, and the Directors of the divisions and the 
Directors of the Kansas City Commodity Office and the Kansas City 
Management Office of FSA may execute contracts relating to the 
activities of the Corporation for which they are respectively 
responsible.
    24. The Executive Vice President and, subject to the written 
approval by such Executive Vice President of each appointment, the Vice 
Presidents, the Deputy Vice Presidents, the Controller, and the 
Directors of the divisions and the Directors of the Kansas City 
Commodity Office and the Kansas City Management Office of FSA may 
appoint, by written instrument, such Contracting Officers as they deem 
necessary, who may, to the extent authorized by such instrument, 
execute contracts in the name of the Corporation. A copy of each such 
instrument shall be filed with the Secretary.
    25. Appointments of Contracting Officers may be revoked by written 
instrument or instruments by the Executive Vice President or by the 
official who made the appointment. A copy of each instrument shall be 
filed with the Secretary.
    26. In executing a contract in the name of the Corporation, an 
official shall indicate his title.

Annual Report

    27. The Executive Vice President shall be responsible for the 
preparation of an annual report of the activities of the Corporation, 
which shall be filed with the Secretary of Agriculture and with the 
Board.

Amendments

    28. These Bylaws may be altered, amended or repealed by the 
Secretary of Agriculture. They may also be altered, amended or repealed 
by the Board at any regular or special meeting of the Board if: (1) the 
Secretary of Agriculture approves such action; and (2) in the case of 
action taken at a special meeting of the Board, notice of the proposed 
alternation, amendment or repeal was contained in the notice of such 
special meeting.

Approval of Board Action

    29. The actions of the Board shall be subject to the approval of 
the Secretary of Agriculture.
    I, Greg Billings, Secretary, Commodity Credit Corporation, do 
hereby certify that the above is a full, true, and correct copy of the 
Bylaws of Commodity Credit Corporation, as amended February 5, 1996.
    In witness whereof I have officially subscribed my name and have 
caused the corporate seal of the said Corporation to be fixed this 
sixth day of March, 1996.
Greg Billings,
Secretary, Commodity Credit Corporation.
[FR Doc. 96-7808 Filed 3-29-96; 8:45 am]
BILLING CODE 3410-05-P