[Unified Agenda of Federal Regulations]
[Farm Credit Administration Semiannual Regulatory Agenda]
[From the U.S. Government Printing Office, www.gpo.gov]


_______________________________________________________________________

Part XLVIII





 Farm Credit Administration





_______________________________________________________________________



Semiannual Regulatory Agenda


=======================================================================

FARM CREDIT ADMINISTRATION (FCA)                                       
  
  
_______________________________________________________________________
  

FARM CREDIT ADMINISTRATION

12 CFR Ch. VI

Unified Agenda of Regulations

AGENCY: Farm Credit Administration.

ACTION: Departmental unified agenda of regulations and review list.

_______________________________________________________________________

SUMMARY: The Farm Credit Administration (FCA), as an independent 
regulatory agency in voluntary compliance with Executive Order 12866, 
sets forth the following agenda of regulations which it will have under 
development and review during the period of April 1994 through October 
1994.

FOR FURTHER INFORMATION CONTACT: Cindy R. Nicholson, Paralegal 
Specialist, Regulation Development, Office of Examination, Farm Credit 
Administration, 1501 Farm Credit Drive, McLean, Virginia 22102-5090, 
(703) 883-4498, TDD (703) 883-4444.

SUPPLEMENTARY INFORMATION: The Regulatory Flexibility Act (5 U.S.C. 601 
et seq.) contains several provisions intended to reduce unnecessary and 
disproportionate regulatory requirements on small entities. The FCA is 
an independent regulatory agency that is exempt from the provisions of 
Executive Order 12866. Additionally, FCA regulations which apply to 
Farm Credit banks and associations and certain other federally 
chartered entities generally do not and will not have a substantial 
impact on ``small entities'' as that term is defined in the Regulatory 
Flexibility Act.

    While FCA is an independent agency exempt from Executive Order 
12866, we believe that participating in this joint publication will 
further the public interest by including FCA in a single source of 
information concerning current and projected rulemaking and reviews 
of existing regulations.

Dated: February 8, 1994.

Curtis M. Anderson,

Secretary, Farm Credit Administration Board. 

                                              Proposed Rule Stage                                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
 Number                                                                                                Number   
----------------------------------------------------------------------------------------------------------------
4641        Loan Policies and Operations; General Financing Agreement.............................    3052-AB09 
4642        Eligibility and Scope of Financing....................................................    3052-AB10 
4643        Disclosure to Investors in Systemwide and Consolidated Bank Debt Obligations of the                 
            Farm Credit System....................................................................    3052-AB23 
4644        Indemnification.......................................................................    3052-AB24 
4645        Rules of Practice and Procedure; Procedures for Issuance and Enforcement of Directives    3052-AB27 
4646        General Provisions; Disposition of Obsolete Records; Federal Records..................    3052-AB36 
4647        General Provisions; Financially Related Services......................................    3052-AB43 
4648        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations;                   
            Capital (Phase II)....................................................................    3052-AB48 
4649        Loan Policies and Operations; Collateral Evaluation...................................    3052-AB51 
4650        Loan Policies and Operations; Borrower Rights.........................................   3052-AB52  
----------------------------------------------------------------------------------------------------------------


                                                Final Rule Stage                                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
 Number                                                                                                Number   
----------------------------------------------------------------------------------------------------------------
4651        Organization; Reorganization Authorities for System Institutions......................    3052-AB22 
4652        Referral of Crimes and Suspected Crimes...............................................    3052-AB33 
4653        Disclosure to Shareholders; Association Annual Meeting Information Statement..........    3052-AB37 
4654        Miscellaneous Technical Changes.......................................................    3052-AB41 
4655        Organization; General Provisions; Disclosure to Shareholders; Director Compensation...    3052-AB42 
4656        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations;                   
            Capital...............................................................................    3052-AB44 
4657        Standards of Conduct..................................................................    3052-AB47 
4658        Employee Responsibilities and Conduct; Ethics.........................................    3052-AB50 
4659        Statement of Regulatory Burden........................................................   3052-AB53  
----------------------------------------------------------------------------------------------------------------


                                               Completed Actions                                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
 Number                                                                                                Number   
----------------------------------------------------------------------------------------------------------------
4660        Collection of Claims Owed the United States; Debt Collection Act......................    3052-AB02 
4661        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations;                   
            Investments and Other Funding.........................................................    3052-AB25 
4662        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations;                   
            Attorney Lien Certification...........................................................    3052-AB45 
4663        Loan Policies and Operations; Distressed Borrower Notification........................    3052-AB46 
4664        Federal Agricultural Mortgage Corporation.............................................   3052-AB49  
----------------------------------------------------------------------------------------------------------------

      
  
          
  

_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                    Proposed Rule Stage
  
  
_______________________________________________________________________
 
4641. LOAN POLICIES AND OPERATIONS; GENERAL FINANCING AGREEMENT

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2011; 12 USC 2013; 12 USC 2014; 12 USC 2015; 
12 USC 2017; 12 USC 2018; 12 USC 2071; 12 USC 2073; 12 USC 2074; 12 USC 
2075; 12 USC 2091; 12 USC 2093; 12 USC 2094; 12 USC 2096; 12 USC 2121

CFR Citation:  12 CFR 614

Legal Deadline: None

Abstract: Would clarify existing policies and procedures for the 
establishment of a funding relationship between the Farm Credit banks 
and their affiliated direct lending institutions. Would provide uniform 
guidelines upon which the general financing agreements shall be 
developed and executed, and eliminate FCA prior approval.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/03/88                    53 FR 44438
NPRM Comment Period End         12/05/88                    53 FR 44438
NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498.

Agency Contact: Dennis K. Carpenter, Senior Policy Analyst, Office of 
Examination, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, Virginia 22102-5090, 703 883-4498

RIN: 3052-AB09
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                    Proposed Rule Stage
  
  
_______________________________________________________________________
 
4642. ELIGIBILITY AND SCOPE OF FINANCING

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2013; 12 USC 2015; 12 USC 2017; 12 USC 2018; 
12 USC 2019; 12 USC 2073; 12 USC 2075; 12 USC 2093; 12 USC 2122; 12 USC 
2128; 12 USC 2129; 12 USC 2143; 12 USC 2243; 12 USC 2252; 42 USC 3601 
et seq

CFR Citation:  12 CFR 613

Legal Deadline: None

Abstract: Would clarify existing policies and procedures with respect 
to borrower eligibility and scope of financing as provided for in the 
Farm Credit Act 1971, as amended.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498.

Agency Contact: John J. Hays, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB10
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                    Proposed Rule Stage
  
  
_______________________________________________________________________
 
4643. DISCLOSURE TO INVESTORS IN SYSTEMWIDE AND CONSOLIDATED BANK DEBT 
OBLIGATIONS OF THE FARM CREDIT SYSTEM

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2252; 12 USC 2254; 12 USC 2279aa-11; PL 100-
233, Sec 424

CFR Citation:  12 CFR 630

Legal Deadline: None

Abstract: Would establish disclosure requirements for the Farm Credit 
System's Reports to Investors.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/04/94                     59 FR 5341
NPRM Comment Period End         04/20/94                     59 FR 5341
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498.

Agency Contact: Tong-Ching Chang, Staff Accountant, Office of 
Examination, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, Virginia 22102-5090, 703 883-4483

RIN: 3052-AB23
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                    Proposed Rule Stage
  
  
_______________________________________________________________________
 
4644. INDEMNIFICATION

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2252

CFR Citation:  12 CFR Not yet determined

Legal Deadline: None

Abstract: Would authorize indemnification of directors and employees of 
Farm Credit institutions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498.

Agency Contact: John J. Hays, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB24
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                    Proposed Rule Stage
  
  
_______________________________________________________________________
 
4645. RULES OF PRACTICE AND PROCEDURE; PROCEDURES FOR ISSUANCE AND 
ENFORCEMENT OF DIRECTIVES

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2154; 12 USC 2154a; 12 USC 2202a; 12 USC 2243; 
12 USC 2244; 12 USC 2252; 12 USC 2261 to 2273

CFR Citation:  12 CFR 622

Legal Deadline: None

Abstract: Would establish procedures for FCA to issue directives to: 
(a) a System institution in order to require the institution to achieve 
and maintain the minimum level of capital as established under section 
4.3(a); (b) the board of directors of a System institution in order to 
require compliance with section 4.3A(d); and (c) a qualified lender in 
order to require compliance with section 4.14A.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498.

Agency Contact: Rebecca S. Orlich, Senior Attorney, Office of General 
Counsel, Farm Credit Administration, 1501 Farm Credit Drive, McLean, 
Virginia 22102-5090, 703 883-4020

RIN: 3052-AB27
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                    Proposed Rule Stage
  
  
_______________________________________________________________________
 
4646. GENERAL PROVISIONS; DISPOSITION OF OBSOLETE RECORDS; FEDERAL 
RECORDS

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2013; 12 USC 2019; 12 USC 2020; 12 USC 2073; 
12 USC 2075; 12 USC 2076; 12 USC 2093; 12 USC 2122; 12 USC 2128; 12 USC 
2183; 12 USC 2200; 12 USC 2211; 12 USC 2218; 12 USC 2243; 12 USC 2244; 
...

CFR Citation:  12 CFR 618

Legal Deadline: None

Abstract: Would revise various regulations addressing the retention of 
records and the definition of Federal records.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498.

Agency Contact: John J. Hays, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB36
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                    Proposed Rule Stage
  
  
_______________________________________________________________________
 
4647. GENERAL PROVISIONS; FINANCIALLY RELATED SERVICES

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2013; 12 USC 2019; 12 USC 2020; 12 USC 2073; 
12 USC 2075; 12 USC 2076; 12 USC 2093; 12 USC 2122; 12 USC 2128; 12 USC 
2183; 12 USC 2200; 12 USC 2211; 12 USC 2218; 12 USC 2243; 12 USC 2244; 
...

CFR Citation:  12 CFR 618

Legal Deadline: None

Abstract: Would modify 12 CFR 618.8000 to revise and/or remove prior 
approval requirements and clarify definition of technical assistance 
and financially related services.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498

Agency Contact: Linda C. Sherman, Policy Analyst, Office of 
Examination, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, Virginia 22102-5090, 703 883-4498

RIN: 3052-AB43
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                    Proposed Rule Stage
  
  
_______________________________________________________________________
 
4648. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS; CAPITAL (PHASE II)

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2013; 12 USC 2019; 12 USC 2020; 12 USC 2073; 
12 USC 2074; 12 USC 2075; 12 USC 2076; 12 USC 2093; 12 USC 2122; 12 USC 
2128; 12 USC 2132; 12 USC 2146; 12 USC 2154; 12 USC 2160; 12 USC 2202b; 
...

CFR Citation:  12 CFR 615

Legal Deadline: None

Abstract: Would revise the current capital regulations taking into 
consideration safety and soundness concerns and similar regulations of 
other commercial bank regulators.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498

Agency Contact: Robert S. Child, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB48
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                    Proposed Rule Stage
  
  
_______________________________________________________________________
 
4649. LOAN POLICIES AND OPERATIONS; COLLATERAL EVALUATION

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2011; 12 USC 2013; 12 USC 2014; 12 USC 2015; 
12 USC 2017; 12 USC 2018; 12 USC 2071; 12 USC 2073; 12 USC 2074; 12 USC 
2075; 12 USC 2091; 12 USC 2093; 12 USC 2094; 12 USC 2096; 12 USC 2121; 
...

CFR Citation:  12 CFR 614

Legal Deadline: None

Abstract: Would revise regulations taking into consideration regulatory 
burden concerns and similar regulations of other commercial bank 
regulators.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498

Agency Contact: Dennis K. Carpenter, Senior Policy Analyst, Office of 
Examination, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, Virginia 22102-5090, 703 883-4498

RIN: 3052-AB51
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                    Proposed Rule Stage
  
  
_______________________________________________________________________
 
4650. LOAN POLICIES AND OPERATIONS; BORROWER RIGHTS

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2011; 12 USC 2013; 12 USC 2014; 12 USC 2015; 
12 USC 2017; 12 USC 2018; 12 USC 2071; 12 USC 2073; 12 USC 2074; 12 USC 
2075; 12 USC 2091; 12 USC 2093; 12 USC 2094; 12 USC 2096; 12 USC 2121; 
...

CFR Citation:  12 CFR 614

Legal Deadline: None

Abstract: Would add clarity and provide additional direction to Farm 
Credit System institutions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498

Agency Contact: Eric Howard, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB52
_______________________________________________________________________
  

_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                       Final Rule Stage
  
  
_______________________________________________________________________
 
4651. ORGANIZATION; REORGANIZATION AUTHORITIES FOR SYSTEM INSTITUTIONS

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2011; 12 USC 2021; 12 USC 2071; 12 USC 2091; 
12 USC 2121; 12 USC 2142; 12 USC 2183; 12 USC 2203; 12 USC 2243; 12 USC 
2244; 12 USC 2252; 12 USC 2279a to 2279f-1; 12 USC 2279aa-5(e); PL 100-
233, sec 411; PL 100-233, sec 412

CFR Citation:  12 CFR 611

Legal Deadline: None

Abstract: Would establish regulations under which a bank or large 
association within the Farm Credit System can terminate its charter as 
provided for in the Farm Credit Act of 1971, as amended.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           12/18/89                    54 FR 51763
ANPRM Comment Period End        01/31/90                    54 FR 51763
NPRM                            03/19/93                    58 FR 15099
NPRM Comment Period End         04/19/93                    58 FR 15099
Resolicitation of Comments 
Reorganization Authorities      07/26/93                    58 FR 39684
Comment Period End 
Resolicitation                  08/25/93                    58 FR 39684
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498.

Agency Contact: Robert S. Child, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB22
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                       Final Rule Stage
  
  
_______________________________________________________________________
 
4652. REFERRAL OF CRIMES AND SUSPECTED CRIMES

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2243; 12 USC 2252; 12 USC 2254

CFR Citation:  12 CFR 617

Legal Deadline: None

Abstract: Would revise regulations covering the referral of crimes and 
suspected crimes by implementing the uniform process and referral form 
developed by the Bank Fraud Working Group.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/13/92                    57 FR 46819
NPRM Comment Period End         11/12/92                    57 FR 46819
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498.

Agency Contact: Eric Howard, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB33
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                       Final Rule Stage
  
  
_______________________________________________________________________
 
4653. DISCLOSURE TO SHAREHOLDERS; ASSOCIATION ANNUAL MEETING INFORMATION 
STATEMENT

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2252; 12 USC 2254; 12 USC 2279aa-11; PL 100-
233, Sec 424

CFR Citation:  12 CFR 620

Legal Deadline: None

Abstract: Would revise regulations addressing nominations for director 
positions when mail balloting is used.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/13/93                    58 FR 47836
NPRM Comment Period End         10/13/93                    58 FR 47836
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498.

Agency Contact: Eric Howard, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB37
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                       Final Rule Stage
  
  
_______________________________________________________________________
 
4654. MISCELLANEOUS TECHNICAL CHANGES

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2243; 12 USC 2252; 12 USC 2279aa-11; 5 USC 
552; 5 USC 552a(j)(2); 5 USC 552a(k)(2); 12 USC 2246; 12 USC 2011; 12 
USC 2021; 12 USC 2071; 12 USC 2091; 12 USC 2121; 12 USC 2142; 12 USC 
2183; 12 USC 2203; ...

CFR Citation:  12 CFR 600; 12 CFR 602; 12 CFR 603; 12 CFR 604; 12 CFR 
605; 12 CFR 611; 12 CFR 615

Legal Deadline: None

Abstract: Would revise regulations to reflect changes in the Farm 
Credit Administration internal organization and make other technical 
changes.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498

Agency Contact: John J. Hays, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB41
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                       Final Rule Stage
  
  
_______________________________________________________________________
 
4655. ORGANIZATION; GENERAL PROVISIONS; DISCLOSURE TO SHAREHOLDERS; 
DIRECTOR COMPENSATION

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2011; 12 USC 2021; 12 USC 2071; 12 USC 2091; 
12 USC 2121; 12 USC 2142; 12 USC 2183; 12 USC 2203; 12 USC 2243; 12 USC 
2244; 12 USC 2252; 12 USC 2279a to 2279f-1; 12 USC 2279aa-5(e); PL 100-
233, sec 411; PL 100-233, sec 412; ...

CFR Citation:  12 CFR 611

Legal Deadline: None

Abstract: Would revise FCA regulations to implement changes made by the 
Farm Credit Banks and Associations Safety and Soundness Act of 1992.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/23/93                    58 FR 68069
NPRM Comment Period End         01/24/94                    59 FR 68069
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498

Agency Contact: Laurie A. Rea, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB42
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                       Final Rule Stage
  
  
_______________________________________________________________________
 
4656. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS; CAPITAL

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2013; 12 USC 2019; 12 USC 2020; 12 USC 2073; 
12 USC 2074; 12 USC 2075; 12 USC 2076; 12 USC 2093; 12 USC 2122; 12 USC 
2128; 12 USC 2132; 12 USC 2146; 12 USC 2154; 12 USC 2160; 12 USC 2202b; 
...

CFR Citation:  12 CFR 615

Legal Deadline: None

Abstract: Would clarify permanent capital requirements for each System 
institution and incorporate any legislative changes pertaining to 
System capital.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/23/93                    58 FR 34004
NPRM Comment Period End         07/22/93                    58 FR 34004
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498

Agency Contact: Robert S. Child, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB44
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                       Final Rule Stage
  
  
_______________________________________________________________________
 
4657. STANDARDS OF CONDUCT

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2243; 12 USC 2252; 12 USC 2254

CFR Citation:  12 CFR 612

Legal Deadline: None

Abstract: Would enhance existing provisions by clarifying activities 
that are prohibited and those activities needing to be reported, would 
add to the activities for which directors are prohibited from engaging 
and make other revisions to clarify existing provisions. This 
rulemaking is the result of findings in conjunction with a review 
required by the Farm Credit Banks Safety and Soundness Act of 1992.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/19/93                    58 FR 44139
NPRM Comment Period End         09/20/93                    58 FR 44139
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498

Agency Contact: John J. Hays, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB47
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                       Final Rule Stage
  
  
_______________________________________________________________________
 
4658. EMPLOYEE RESPONSIBILITIES AND CONDUCT; ETHICS

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2243; 12 USC 2252

CFR Citation:  12 CFR 601

Legal Deadline:  Final, Statutory, February 3, 1994.

Abstract: Would revise regulations pertaining to employee 
responsibilities and conduct.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498

Agency Contact: Eric Howard, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB50
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                       Final Rule Stage
  
  
_______________________________________________________________________
 
4659. STATEMENT OF REGULATORY BURDEN

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2243; 12 USC 2252

CFR Citation:  12 CFR 600; 12 CFR 601; 12 CFR 602; 12 CFR 603; 12 CFR 
604; 12 CFR 605; 12 CFR 606; 12 CFR 607; 12 CFR 611; 12 CFR 612; 12 CFR 
613; 12 CFR 614; 12 CFR 615; 12 CFR 617; 12 CFR 618; ...

Legal Deadline: None

Abstract: Would improve the regulatory environment within which the 
Farm Credit System must operate by targeting areas for more focused 
study and by revising rules where comments present strong evidence that 
an FCA requirement is unjustified.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Notice of Intent Regarding 
Regulatory Burden               06/23/93                    58 FR 34003
Comment Period End Regarding 
Regulatory Burden               09/21/93                    58 FR 34003
Final Notice of Intent Regarding 
Regulatory Burden               04/04/94                    59 FR 15664

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498

Agency Contact: Eric Howard, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB53
_______________________________________________________________________
  

_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                      Completed Actions
  
  
_______________________________________________________________________
 
4660. COLLECTION OF CLAIMS OWED THE UNITED STATES; DEBT COLLECTION ACT

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 3701 to 3719

CFR Citation:  12 CFR 608

Legal Deadline: None

Abstract: Would establish regulations to implement authorities of the 
Debt Collection Act of 1982.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/29/93                    58 FR 58137
NPRM Comment Period End         11/29/93                    58 FR 58137
Final Action                    03/21/94                    59 FR 13187

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498.

Agency Contact: John J. Hays, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB02
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                      Completed Actions
  
  
_______________________________________________________________________
 
4661. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS; INVESTMENTS AND OTHER FUNDING

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2013; 12 USC 2019; 12 USC 2020; 12 USC 2073; 
12 USC 2074; 12 USC 2075; 12 USC 2076; 12 USC 2093; 12 USC 2122; 12 USC 
2128; 12 USC 2132; 12 USC 2146; 12 USC 2154; 12 USC 2160; 12 USC 2202b; 
...

CFR Citation:  12 CFR 615

Legal Deadline: None

Abstract: Would revise regulations defining eligible investment types 
and purposes for a Farm Credit institution.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/18/91                    56 FR 65691
NPRM Correction                 02/13/92                     57 FR 5294
NPRM Comment Period End         02/18/92                    56 FR 65691
NPRM Comment Period Extension   03/04/92                     57 FR 7672
NPRM Comment Period Extension 
End                             05/01/92                     57 FR 7672
Final Action                    11/30/93                    58 FR 63034
Final Action Effective          03/15/94                    59 FR 11898

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498.

Agency Contact: Michael LaVerghetta, Financial Analyst, Office of 
Examination, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, Virginia 22102-5090, 703 883-4231

RIN: 3052-AB25
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                      Completed Actions
  
  
_______________________________________________________________________
 
4662. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS; ATTORNEY LIEN CERTIFICATION

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2013; 12 USC 2019; 12 USC 2020; 12 USC 2073; 
12 USC 2074; 12 USC 2075; 12 USC 2076; 12 USC 2093; 12 USC 2122; 12 USC 
2128; 12 USC 2132; 12 USC 2146; 12 USC 2154; 12 USC 2160; 12 USC 2202b; 
...

CFR Citation:  12 CFR 615

Legal Deadline: None

Abstract: Would revise regulations which deal with the requirement of 
an attorney lien certification on long-term mortgage loans.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/12/93                    58 FR 52701
NPRM Comment Period End         11/12/93                    58 FR 52701
Final Action                    01/27/94                     59 FR 3785
Final Action Effective          03/18/94                    59 FR 12811

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498

Agency Contact: Laurie A. Rea, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB45
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                      Completed Actions
  
  
_______________________________________________________________________
 
4663. LOAN POLICIES AND OPERATIONS; DISTRESSED BORROWER NOTIFICATION

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2011; 12 USC 2013; 12 USC 2014; 12 USC 2015; 
12 USC 2017; 12 USC 2018; 12 USC 2071; 12 USC 2073; 12 USC 2074; 12 USC 
2075; 12 USC 2091; 12 USC 2093; 12 USC 2094; 12 USC 2096; 12 USC 2121; 
...

CFR Citation:  12 CFR 614

Legal Deadline: None

Abstract: Would revise regulations to no longer require a foreclosure 
notification when a loan is identified as distressed.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/15/93                    58 FR 38091
NPRM Comment Period End         08/16/93                    58 FR 38091
Final Action                    11/29/93                    58 FR 62513
Final Action Effective          03/15/94                    59 FR 11898

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498

Agency Contact: Eric Howard, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 
22102-5090, 703 883-4498

RIN: 3052-AB46
_______________________________________________________________________


_______________________________________________________________________

FARM CREDIT ADMINISTRATION (FCA)                      Completed Actions
  
  
_______________________________________________________________________
 
4664. FEDERAL AGRICULTURAL MORTGAGE CORPORATION

Significance:
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 2243; 12 USC 2252; 12 USC 2279aa-11; PL 102-
552, sec 514

CFR Citation:  12 CFR 650

Legal Deadline: None

Abstract: Would respond to the findings by Congress (in section 514 of 
the Farm Credit Banks and Associations Safety and Soundness Act of 
1992) that financial disclosure and reporting of potential conflicts of 
interest would enhance the safety and soundness of Farm Credit System 
institutions. Corporation officers and directors must already comply 
with certain filing and reporting requirements of the Securities 
Exchange Commission (SEC). The Farm Credit Administration Board 
determined in a review of its conflict of interest regulations that 
corporation filings under SEC rules are sufficient for financial 
disclosure but no existing regulations cover the section 514 
requirements for conflict of interest reporting.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/14/93                    58 FR 53161
NPRM Comment Period End         11/15/93                    58 FR 53161
Final Action                    03/01/94                     59 FR 9622

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4498

Agency Contact: Suzanne J. McCrory, Director, Office of Secondary 
Market Oversight, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, Virginia 22102-5090, 703 883-4280

RIN: 3052-AB49
[FR Doc. 94-5355 Filed 04-22-94; 8:45 am]
BILLING CODE 6705-01-F
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