[Federal Register Volume 66, Number 55 (Wednesday, March 21, 2001)]
[Proposed Rules]
[Page 15814]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-7047]


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 Proposed Rules
                                                 Federal Register
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 This section of the FEDERAL REGISTER contains notices to the public of 
 the proposed issuance of rules and regulations. The purpose of these 
 notices is to give interested persons an opportunity to participate in 
 the rule making prior to the adoption of the final rules.
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  Federal Register / Vol. 66, No. 55 / Wednesday, March 21, 2001 / 
Proposed Rules  

[[Page 15814]]



FARM CREDIT ADMINISTRATION

12 CFR Parts 611, 618, 620

RIN 3052-AC03


Organization; General Provisions; Disclosure to Shareholders

AGENCY: Farm Credit Administration.

ACTION: Proposed rule; comment period extension.

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SUMMARY: The Farm Credit Administration (FCA) Board extends the comment 
period on the proposed rule that would provide procedures for a Farm 
Credit System (FCS) direct lender association to request a national 
charter. The FCA Board extends the comment period on the proposed rule 
for 30 more days so interested parties have additional time to provide 
comments.

DATES: Please send your comments to us on or before April 20, 2001.

ADDRESSES: You may submit comments via electronic mail to ``[email protected]'' or through the Pending Regulations section of our Web 
site at www.fca.gov. You may also mail or deliver written comments to 
Thomas G. McKenzie, Director, Regulation and Policy Division, Office of 
Policy and Analysis, Farm Credit Administration, 1501 Farm Credit 
Drive, McLean, Virginia 22102-5090 or send them by facsimile 
transmission to (703) 734-5784. You may review copies of all comments 
we receive in the Office of Policy and Analysis, Farm Credit 
Administration.

FOR FURTHER INFORMATION CONTACT:
S. Robert Coleman, Senior Policy Analyst, Office of Policy and 
Analysis, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-
4498, TDD (703) 883-4444, or
Jennifer A. Cohn, Senior Attorney, Office of General Counsel, Farm 
Credit Administration, McLean, VA 22102-5090, (703) 883-4020, TDD (703) 
883-4444.

SUPPLEMENTARY INFORMATION: On February 16, 2001, the FCA published a 
proposed rule that would amend its regulations to provide procedures 
for requesting national charters. See 66 FR 10639. The proposed rule 
would also require each association with a national charter to extend 
sound and constructive credit to eligible and creditworthy customers in 
its Local Service Area. In addition, the FCA proposed to establish 
controls through new business planning requirements for an association 
with a national charter. These new requirements will help strengthen 
the safety and soundness of the FCS. These requirements will also help 
ensure that the FCS continues to meet its public policy mission to 
provide adequate, dependable, and competitive credit and related 
services to agriculture and rural America. The comment period was 
scheduled to close on March 19, 2001. In response to several requests, 
we now extend the comment period for an additional 30 days, so you will 
have more time to comment.

    Dated: March 16, 2001.
Jeanette P. Brinkley,
Acting Secretary, Farm Credit Administration Board.
[FR Doc. 01-7047 Filed 3-20-01; 8:45 am]
BILLING CODE 6705-01-P