[Federal Register Volume 62, Number 47 (Tuesday, March 11, 1997)]
[Rules and Regulations]
[Pages 11071-11072]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-5967]



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 Rules and Regulations
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  Federal Register / Vol. 62, No. 47 / Tuesday, March 11, 1997 / Rules 
and Regulations  

[[Page 11071]]



FARM CREDIT ADMINISTRATION

12 CFR Parts 613, 614, 615, 618, 619, 620 and 626

RIN 3052-AB10


Eligibility and Scope of Financing; Loan Policies and Operations; 
Funding and Fiscal Affairs, Loan Policies and Operations, and Funding 
Affairs; General Provisions; Definitions; Disclosure to Shareholders; 
Nondiscrimination in Lending; Capital Adequacy and Customer 
Eligibility; Correction and Effective Date

AGENCY: Farm Credit Administration.

ACTION: Final rule correction and notice of effective date.

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

SUMMARY: The Farm Credit Administration (FCA) published a final 
regulation under parts 613, 614, 615, 618, 619, 620 and 626 on January 
30, 1997 (62 FR 4429). The final rule amended current regulations 
governing the capital adequacy provisions and the customer eligibility 
provisions for Farm Credit System institutions. This document also 
corrects typographical and typesetting errors 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 March 11, 1997.

EFFECTIVE DATE: The regulation amending 12 CFR parts 613, 614, 615, 
618, 619, 620 and 626 published on January 30, 1997 (62 FR 4429) and 
this correction to that final regulation are effective March 11, 1997.

FOR FURTHER INFORMATION CONTACT:
Dennis K. Carpenter, Senior Policy Analyst, and John J. Hays, Policy 
Analyst, Office of Policy Development and Risk Control, Farm Credit 
Administration, McLean, Virginia 22102-5090, (703) 883-4498, TDD (703) 
883-4444,

      or

Rebecca S. Orlich, Senior Attorney, and Richard A. Katz, Senior 
Attorney, 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, typographical errors were inadvertently made 
in the authority citation to part 614 and Sec. 615.5330(b)(1), and a 
typesetting error on page 4444.

List of Subjects

12 CFR Part 613

    Agriculture, Banks, banking, Credit, Rural areas.

12 CFR Part 614

    Agriculture, Banks, banking, Flood insurance, Foreign trade, 
Reporting and recordkeeping requirements, Rural areas.

12 CFR Part 615

    Accounting, Agriculture, Banks, banking, Government securities, 
Investments, Rural areas.

12 CFR Part 618

    Agriculture, Archives and records, Banks, banking, Insurance, 
Reporting and recordkeeping requirements, Rural areas, Technical 
assistance.

12 CFR Part 619

    Agriculture, Banks, banking, Rural areas.

12 CFR Part 620

    Accounting, Agriculture, Banks, banking, Reporting and 
recordkeeping requirements, Rural areas.

12 CFR Part 626

    Advertising, Aged, Agriculture, Banks, banking, Civil rights, 
Credit, Fair housing, Marital status discrimination, Sex 
discrimination, Signs and symbols.

PART 613--ELIGIBILITY AND SCOPE OF FINANCING

    1. The authority citation for part 613 continues to read as 
follows:

    Authority: Secs. 1.5, 1.7, 1.9, 1.10, 1.11, 2.2, 2.4, 2.12, 3.1, 
3.7, 3.8, 3.22, 4.18A, 4.25, 4.26, 4.27, 5.9, 5.17 of the Farm 
Credit Act (12 U.S.C. 2013, 2015, 2017, 2018, 2019, 2073, 2075, 
2093, 2122, 2128, 2129, 2143, 2206a, 2211, 2212, 2213, 2243, 2252).

    2. On page 4444, first column, second line, is corrected by setting 
out the section heading to read as follows:


Sec. 613.3200  International lending.

PART 614--LOAN POLICIES AND OPERATIONS

    3. The authority citation for part 614 is corrected to read as 
follows:

    Authority: 42 U.S.C. 4012a, 4104a, 4104b, 4106, and 4128; secs. 
1.3, 1.5, 1.6, 1.7, 1.9, 1.10, 1.11, 2.0, 2.2, 2.3, 2.4, 2.10, 2.12, 
2.13, 2.15, 3.0, 3.1, 3.3, 3.7, 3.8, 3.10, 3.20, 3.28, 4.12, 4.12A, 
4.13, 4.13B, 4.14, 4.14A, 4.14C, 4.14D, 4.14E, 4.18, 4.18A, 4.19, 
4.36, 4.37, 5.9, 5.10, 5.17, 7.0, 7.2, 7.6, 7.7, 7.8, 7.12, 7.13, 
8.0, 8.5 of the Farm Credit Act (12 U.S.C. 2011, 2013, 2014, 2015, 
2017, 2018, 2019, 2071, 2073, 2074, 2075, 2091, 2093, 2094, 2096, 
2121, 2122, 2124, 2128, 2129, 2131, 2141, 2149, 2183, 2184, 2199, 
2201, 2202, 2202a, 2202c, 2202d, 2202e, 2206, 2206a, 2207, 2219a, 
2219b, 2243, 2244, 2252, 2279a, 2279a-2, 2279b, 2279b-1, 2279b-2, 
2279f, 2279f-1, 2279aa, 2279aa-5); sec. 413 of Pub. L. 100-233, 101 
Stat. 1568, 1639.

PART 615--FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, 
AND FUNDING OPERATIONS

    4. The authority citation for part 615 continues to read as 
follows:

    Authority: Secs. 1.5, 1.7, 1.10, 1.11, 1.12, 2.2, 2.3, 2.4, 2.5, 
2.12, 3.1, 3.7, 3.11, 3.25, 4.3, 4.3A, 4.9, 4.14B, 4.25, 5.9, 5.17, 
6.20, 6.26, 8.0, 8.3, 8.4, 8.6, 8.7, 8.8, 8.10, 8.12 of the Farm 
Credit Act (12 U.S.C. 2013, 2015, 2018, 2019, 2020, 2073, 2074, 
2075, 2076, 2093, 2122, 2128, 2132, 2146, 2154, 2154a, 2160, 2202b, 
2211, 2243, 2252, 2278b, 2278b-6, 2279aa, 2279aa-3, 2279aa-4, 
2279aa-6, 2279aa-7, 2279aa-8, 2279aa-10, 2279aa-12); sec. 301(a) of 
Pub. L. 100-233, 101 Stat. 1568, 1608.

Subpart K--Surplus and Collateral Requirements


Sec. 615.5330  [Corrected]

    5. On page 4448, first column, paragraph (b)(1) of Sec. 615.5330 is 
corrected by removing the reference ``Sec. 615.5301(b)(2)'' and adding 
in its place, the reference ``Sec. 615.5301(b)''.


[[Page 11072]]


    Dated: March 5, 1997.
Floyd Fithian,
Secretary, Farm Credit Administration Board.
[FR Doc. 97-5967 Filed 3-10-97; 8:45 am]
BILLING CODE 6705-01-P