[Federal Register Volume 77, Number 148 (Wednesday, August 1, 2012)]
[Notices]
[Pages 45606-45607]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-18692]


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FARM CREDIT SYSTEM INSURANCE CORPORATION


Policy Statement Concerning Assistance to Troubled Farm Credit 
System Institutions

AGENCY: Farm Credit System Insurance Corporation.

ACTION: Policy statement; extension of comment period.

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SUMMARY: The Farm Credit System Insurance Corporation (Corporation or 
FCSIC) published for comment a draft Policy Statement Concerning 
Assistance to Troubled Farm Credit System (System) Institutions to 
replace the Corporation's present Policy Statement Concerning Stand-
Alone Assistance. The draft revised policy statement provides 
additional transparency concerning the Corporation's authority to 
provide assistance, discusses how the least-cost test might be 
performed, enhances the criteria of what is to be included in 
assistance proposals, and adds a new section discussing assistance 
agreements. We are extending the comment period so that all interested 
parties will have additional time to provide comments.

DATES: Written comments must be submitted on or before October 22, 
2012.

ADDRESSES: Comments should be mailed or delivered to James M. Morris, 
General Counsel, Farm Credit System Insurance Corporation, McLean, 
Virginia 22102. Copies of all comments will be available for 
examination by interested parties in the offices of the Farm Credit 
System Insurance Corporation.

FOR FURTHER INFORMATION CONTACT: Wade Wynn, Senior Risk Analyst, and 
James M. Morris, General Counsel, Farm Credit System Insurance 
Corporation, 1501 Farm Credit Drive, McLean, Virginia 22102, (703) 883-
4380, TDD (703) 883-4390.

SUPPLEMENTARY INFORMATION: On June 21, 2012, the FCSIC published for 
comment a draft Policy Statement Concerning Assistance to Troubled 
System Institutions to replace the Corporation's present Policy 
Statement Concerning Stand-Alone Assistance.\1\ The FCSIC received 
several comment letters, including the Farm Credit Council and two 
System banks requesting that the Corporation extend the comment period 
by 90 days. Because of the significance and complexity of the issues 
and the implications associated with providing

[[Page 45607]]

assistance to troubled System institutions, the commenters have asked 
the Corporation to extend the comment period to further evaluate the 
draft policy statement. In view of the comment letters, the FCSIC has 
decided to extend the comment period by 90 days. The FCSIC supports 
public involvement and participation in the development of this policy 
statement and invites all interested parties to review and provide 
comments.
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    \1\ See 77 FR 37399.

    Dated: July 26, 2012.
Dale L. Aultman,
Secretary to the Board, Farm Credit System Insurance Corporation.
[FR Doc. 2012-18692 Filed 7-31-12; 8:45 am]
BILLING CODE 6710-01-P