[Federal Register Volume 86, Number 202 (Friday, October 22, 2021)]
[Rules and Regulations]
[Page 58559]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-23059]



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 Rules and Regulations
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  Federal Register / Vol. 86, No. 202 / Friday, October 22, 2021 / 
Rules and Regulations  

[[Page 58559]]



FARM CREDIT ADMINISTRATION

12 CFR Parts 611 and 621

RIN 3052-AC44


Standards of Conduct

AGENCY: Farm Credit Administration.

ACTION: Final rule; technical amendments.

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SUMMARY: On September 13, 2021, the Farm Credit Administration (FCA) 
issued a final rule on standards of conduct for directors and employees 
of Farm Credit System (System) institutions. That final rule document 
inadvertently failed to update two cross-references to the standards of 
conduct rules contained in parts 611 and 621 of the same chapter. This 
document makes those changes to the cross-references contained in parts 
611 and 621.

DATES: Effective January 1, 2023.

FOR FURTHER INFORMATION CONTACT: Antonya Brown, Technical Editor, 
Office of General Counsel, Farm Credit Administration, McLean, VA 
22102-5090, (703) 883-4020, TTY (703) 883-4056.

SUPPLEMENTARY INFORMATION: On Monday, September 13, 2021, FCA published 
in the Federal Register (86 FR 50956) a final rule amending FCA 
regulations governing standards of conduct for System director and 
employees, excluding the Federal Agricultural Mortgage Corporation, 
located in part 612 of chapter VI, title 12 of the Code of Federal 
Regulations. The rulemaking included renumbering certain sections of 
the existing standards of conduct provisions. In issuing the final 
rule, corresponding updates to standards of conduct regulatory 
references were inadvertently omitted. This document changes those 
cross-references to FCA standards of conduct contained Sec. Sec.  
611.1153(c)(3) and 621.30 of the same chapter.

List of Subjects in 12 CFR Parts 611 and 621

    Accounting, Agriculture, Banks, Banking, Conflicts of interest, 
Crime, Reporting and recordkeeping requirements, Investigations, Rural 
areas.

    Accordingly, 12 CFR parts 611 and 621 are corrected by making the 
following correcting amendments:

PART 611--ORGANIZATION

0
1. The authority citation for part 611 continues to read as follows:

    Authority: Secs. 1.2, 1.3, 1.4, 1.5, 1.12, 1.13, 2.0, 2.1, 2.2, 
2.10, 2.11, 2.12, 3.0, 3.1, 3.2, 3.3, 3.7, 3.8, 3.9, 4.3A, 4.12, 
4.12A, 4.15, 4.20, 4.21, 4.25, 4.26, 4.27, 4.28A, 5.9, 5.17, 5.25, 
7.0-7.13, 8.5(e) of the Farm Credit Act (12 U.S.C. 2002, 2011, 2012, 
2013, 2020, 2021, 2071, 2072, 2073, 2091, 2092, 2093, 2121, 2122, 
2123, 2124, 2128, 2129, 2130, 2154a, 2183, 2184, 2203, 2208, 2209, 
2211, 2212, 2213, 2214, 2243, 2252, 2261, 2279a-2279f-1, 2279aa-
5(e)); secs. 411 and 412 of Pub. L. 100-233, 101 Stat. 1568, 1638; 
secs. 414 of Pub. L. 100-399, 102 Stat. 989, 1004.

Subpart J--Unincorporated Business Entities


Sec.  611.1153  [Amended]

0
2. In Sec.  611.1153, amend paragraph (c)(3) by removing the phrase 
``in compliance with the standards of conduct rules in Sec. Sec.  
612.2130 through 612.2270'' and adding in its place the phrase ``in 
compliance with the standards of conduct rules in 12 CFR 612, subpart A 
of this chapter.''

PART 621--ACCOUNTING AND REPORTING REQUIREMENTS

0
3. The authority citation for part 621 continues to read as follows:

    Authority: Secs. 4.12(b)(5), 4.14, 4.14A, 4.14D, 5.17, 5.22A, 
8.11 of the Farm Credit Act (12 U.S.C. 2183, 2202, 2202a, 2202d, 
2252, 2257a, 2279aa-11); sec. 514 of Pub. L. 102-552.

Subpart E--Auditor Independence


Sec.  621.30  [Amended]

0
4. In Sec.  621.30, amend the last sentence by removing the phrase 
``Sec.  612.2260 of this chapter'' and adding in its place the phrase 
``Sec.  612.2180 of this chapter.''
* * * * *

    Dated: October 19, 2021.
Dale Aultman,
Secretary, Farm Credit Administration.
[FR Doc. 2021-23059 Filed 10-21-21; 8:45 am]
BILLING CODE 6705-01-P