[Federal Register Volume 65, Number 176 (Monday, September 11, 2000)]
[Rules and Regulations]
[Page 54742]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-23268]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 612 and 614

RIN 3052-AB95


Standards of Conduct; Loan Policies and Operations

AGENCY: Farm Credit Administration (FCA).

ACTION: Confirmation of effective date; partial withdrawal.

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SUMMARY: The FCA published a direct final rule, with opportunity for 
comment, amending parts 612 and 614 on June 30, 2000 (65 FR 40486). The 
rule rewrote part 612 of our Standards of Conduct regulations in plain 
language. The rule amended part 614 to correctly reference our Standard 
of Conduct regulations. The opportunity for comment expired on July 31, 
2000. We received significant adverse comment on part 612. As a result 
we are withdrawing the revision of part 612 of the direct final rule. 
The amendment to part 614 will become effective in accordance with this 
document.

DATES: The regulation amending 12 CFR part 614 published on June 30, 
2000 (65 FR 40486) is effective September 11, 2000. The regulation 
revising 12 CFR part 612 published on June 30, 2000 (65 FR 40486) is 
withdrawn September 11, 2000.

FOR FURTHER INFORMATION CONTACT:
Dale Aultman, Policy Analyst, Office of Policy and Analysis, Farm 
Credit Administration, McLean, VA 22102-5090, (703) 883-4498, TDD (703) 
883-4444,

or

Howard Rubin, Attorney, Office of General Counsel, Farm Credit 
Administration, McLean, VA 22102-5090, (703) 883-4020, TDD (703) 883-
4444.

SUPPLEMENTARY INFORMATION: Direct final rulemaking enables Federal 
agencies to quickly adopt noncontroversial regulations without the 
usual notice and comment period. On June 30, 2000, we notified you that 
this rule would become effective 30 days after publication in the 
Federal Register during which either or both Houses of Congress are in 
session unless we receive significant adverse comment by July 31, 2000. 
A significant adverse comment is one where a commenter explains why the 
rule would be inappropriate (including challenges to its underlying 
premise or approach), ineffective, or unacceptable. Our June 30, 2000 
notice informed you that if we received a significant adverse comment 
about any amendment, paragraph, or section of this rule, we would 
withdraw that amendment, paragraph, or section, but adopt all other 
provisions as a final rule. We received significant adverse comments on 
several provisions of part 612 of the rule. The breadth of the comments 
makes it impossible to adopt the remaining provisions as a final rule. 
Therefore, part 612 of the rule will not become effective. The 
amendment to Sec. 614.4440(f) in the direct final rule will take effect 
on September 11, 2000.

    Dated: September 6, 2000.
Kelly Mikel Williams,
Secretary, Farm Credit Administration Board.
[FR Doc. 00-23268 Filed 9-8-00; 8:45 am]
BILLING CODE 6705-01-P