[Federal Register Volume 75, Number 179 (Thursday, September 16, 2010)]
[Proposed Rules]
[Page 56487]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-23068]


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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. 75, No. 179 / Thursday, September 16, 2010 / 
Proposed Rules  

[[Page 56487]]



FARM CREDIT ADMINISTRATION

12 CFR Part 614

RIN 3052-AC62


Loan Policies and Operations; Loan Purchases From FDIC

AGENCY: Farm Credit Administration.

ACTION: Proposed rule; reopening of comment period.

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SUMMARY: The Farm Credit Administration (FCA) is reopening the comment 
period on our proposed rule that would permit Farm Credit System 
institutions with direct lending authority to purchase from the Federal 
Deposit Insurance Corporation loans to farmers, ranchers, producers or 
harvesters of aquatic products and cooperatives that meet eligibility 
and scope of financing requirements. We are reopening the comment 
period, so that interested parties have additional time to provide 
comments.

DATES: You may send comments on or before October 18, 2010.

ADDRESSES: We offer a variety of methods for you to submit your 
comments. For accuracy and efficiency reasons, commenters are 
encouraged to submit comments by e-mail or through the FCA's Web site. 
As facsimiles (faxes) are difficult for us to process and achieve 
compliance with section 508 of the Rehabilitation Act, we are no longer 
accepting comments submitted by fax. Regardless of the method you use, 
please do not submit your comment multiple times via different methods. 
FCA requests that comments to the proposed amendment include the 
reference RIN 3052-AC62. You may submit comments by any of the 
following methods:
     E-mail: Send us an e-mail at [email protected].
     FCA Web site: http://www.fca.gov. Select ``Public 
Commenters,'' then ``Public Comments,'' and follow the directions for 
``Submitting a Comment.''
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Mail: Gary K. Van Meter, Deputy Director, Office of 
Regulatory Policy, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, VA 22102-5090.
    You may review copies of all comments we receive at our office in 
McLean, Virginia, or from our Web site at http://www.fca.gov. Once you 
are in the Web site, select ``Public Commenters,'' then ``Public 
Comments,'' and follow the directions for ``Reading Submitted Public 
Comments.'' We will show your comments as submitted but, for technical 
reasons, we may omit items such as logos and special characters. 
Identifying information you provide, such as phone numbers and 
addresses, will be publicly available. However, we will attempt to 
remove e-mail addresses to help reduce Internet spam.

FOR FURTHER INFORMATION CONTACT:

Mark L. Johansen, Senior Policy Analyst, Office of Regulatory Policy, 
Farm Credit Administration, McLean, VA 22102-5090, (703) 883-4498, TTY 
(703) 883-4434,

    or

Mary Alice Donner, Senior Attorney, Office of General Counsel, Farm 
Credit Administration, McLean, VA 22102-5090, (703) 883-4033, TTY (703) 
883-4020.


SUPPLEMENTARY INFORMATION: On May 18, 2010, FCA published a proposed 
rule in the Federal Register that would permit Farm Credit System 
institutions with direct lending authority to purchase from the Federal 
Deposit Insurance Corporation loans to farmers, ranchers, producers or 
harvesters of aquatic products and cooperatives that meet eligibility 
and scope of financing requirements. See 75 FR 27660. The comment 
period expired on July 19, 2010. In response to statements by the 
Independent Community Bankers of America, Minnesota Community Bankers, 
and other commercial bankers that due to the time needed to review the 
Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 4173) 
they have not had adequate time to analyze this proposal, and their 
requests for additional time to comment, the FCA has determined to 
reopen the comment period to allow an additional 30 days to comment. 
The FCA supports public involvement and participation in its regulatory 
process and invites all interested parties to review and provide 
comments on our proposed rule.

    Date: September 9, 2010.
Roland E. Smith,
Secretary, Farm Credit Administration Board.
[FR Doc. 2010-23068 Filed 9-15-10; 8:45 am]
BILLING CODE 6705-01-P