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



[[Page 23939]]




_______________________________________________________________________


Part XLIX



Farm Credit Administration



_______________________________________________________________________

Semiannual Regulatory Agenda

[[Page 23940]]





FARM CREDIT ADMINISTRATION (FCA)                                       


  



_______________________________________________________________________

FARM CREDIT ADMINISTRATION

12 CFR Ch. VI

Unified Agenda of Regulations

AGENCY: Farm Credit Administration.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

SUMMARY: The Farm Credit Administration (FCA), as an independent 
regulatory agency in 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 1996 through October 
1996.

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. 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.

    The FCA, as an independent regulatory agency, is exempt from 
certain provisions of Executive Order 12866. It participates in 
this joint publication to further the public interest by including 
FCA in a single source of information concerning current and 
projected rulemaking and reviews of existing regulations, pursuant 
to section 4 of the Executive Order 12866.

Dated: February 22, 1996.

Floyd Fithian,

Secretary, Farm Credit Administration Board.

                                                  Prerule Stage                                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4129        Loan Policies and Operations (Other Financing Institutions)...........................    3052-AB67 
----------------------------------------------------------------------------------------------------------------


                                               Proposed Rule Stage                                              
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4130        Loan Policies and Operations (General Financing Agreement)............................    3052-AB09 
4131        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations                    
            (Capital--Phase III)..................................................................    3052-AB58 
4132        Loan Policies and Operations; Lending Authorities (Secondary Market Participations)...    3052-AB59 
4133        Organization; Loan Policies and Operations; General Provisions; Definition (Regulatory              
            Review and Deletions).................................................................    3052-AB61 
4134        Disclosure to Shareholders (Quarterly Report).........................................    3052-AB62 
4135        Leasing Authorities...................................................................    3052-AB63 
4136        Loan Policies and Operations (Loan Underwriting Standards)............................    3052-AB64 
4137        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations (Non-              
            Dollar Debt)..........................................................................    3052-AB68 
4138        Organization (Organization Issues)....................................................    3052-AB71 
4139        Farm Credit System Reform Act Regulations.............................................    3052-AB72 
----------------------------------------------------------------------------------------------------------------


                                                Final Rule Stage                                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4140        Eligibility and Scope of Financing; Loan Policies and Operations; General Provisions;               
            Definitions; Nondiscrimination in Lending (Eligibility)...............................    3052-AB10 
4141        Referral of Crimes and Suspected Crimes (Criminal Referral)...........................    3052-AB33 
4142        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations;                   
            General Provisions; Disclosure to Shareholders; Capital Adequacy (Capital - Phase II).    3052-AB48 
4143        Loan Policies and Operations; Loans in Areas Having Special Flood Hazards (Flood                    
            Insurance)............................................................................    3052-AB57 
4144        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations (Book-             
            Entry Farm Credit Securities).........................................................    3052-AB70 
----------------------------------------------------------------------------------------------------------------


[[Page 23941]]



                                                Long-Term Actions                                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4145        Federal Agricultural Mortgage Corporation Risk-Based Capital Regulation...............    3052-AB56 
4146        Loan Policies and Operations (Uninsured Voluntary and Involuntary Accounts)...........    3052-AB65 
4147        Loan Policies and Operations (Borrower Rights - Effective Interest Rate)..............    3052-AB69 
----------------------------------------------------------------------------------------------------------------


                                                Completed Actions                                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4148        Loan Policies and Operations (Borrower Rights - Phase I)..............................    3052-AB52 
4149        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations;                   
            Disclosure to Shareholders (Director Elections).......................................    3052-AB60 
4150        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations                    
            (Global Debt).........................................................................    3052-AB66 
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


FARM CREDIT ADMINISTRATION (FCA)                          Prerule Stage


  



_______________________________________________________________________




4129. LOAN POLICIES AND OPERATIONS (OTHER FINANCING INSTITUTIONS)

Priority:  Other Significant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

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 existing policies and procedures for the 
establishment of a funding relationship between Farm Credit System 
banks and other financing institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/00/96

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, VA 22102-
5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB67
_______________________________________________________________________


FARM CREDIT ADMINISTRATION (FCA)                    Proposed Rule Stage


  



_______________________________________________________________________




4130. LOAN POLICIES AND OPERATIONS (GENERAL FINANCING AGREEMENT)

Priority:  Other Significant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

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
NPRM                            10/00/96

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 Coleman, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 22102-
5090

[[Page 23942]]

Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB09
_______________________________________________________________________




4131. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS (CAPITAL--PHASE III)

Priority:  Other Significant

Legal Authority:  12 USC 2154; 12 USC 2154a; 12 USC 2252; 12 USC 2154 
note; PL 100-233, sec 301

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                            11/00/96

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, VA 22102-5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB58
_______________________________________________________________________




4132. LOAN POLICIES AND OPERATIONS; LENDING AUTHORITIES (SECONDARY 
MARKET PARTICIPATIONS)

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

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

CFR Citation:  12 CFR 614.4000; 12 CFR 614.4010; 12 CFR 614.4030; 12 
CFR 614.4040; 12 CFR 614.4050

Legal Deadline: None

Abstract: Would amend regulations on lending authorities with respect 
to participation in the agricultural secondary market by System banks 
and associations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/96

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, VA 22102-
5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB59
_______________________________________________________________________




4133. ORGANIZATION; LOAN POLICIES AND OPERATIONS; GENERAL PROVISIONS; 
DEFINITION (REGULATORY REVIEW AND DELETIONS)

Priority:  Routine and Frequent

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 2011; 12 USC 2013; 12 USC 2021; 12 USC 2071; 
12 USC 2091; 12 USC 2121; 12 USC 2142; 12 USC 2183; 12 USC 2203; 12 USC 
2209; 12 USC 2243; 12 USC 2244; 12 USC 2252; 12 USC 2279aa; 12 USC 
2279aa-5(e)

CFR Citation:  12 CFR 611; 12 CFR 614; 12 CFR 618; 12 CFR 619

Legal Deadline: None

Abstract: Would review regulations to determine unnecessary, outdated, 
duplicative or burdensome requirements that can be deleted or revised.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/96

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, VA 22102-5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB61
_______________________________________________________________________




4134. DISCLOSURE TO SHAREHOLDERS (QUARTERLY REPORT)

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

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 the current regulation to address the regulatory 
burden comments regarding the distribution requirements of the 
quarterly report to shareholders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/96

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, VA 22102-
5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB62
_______________________________________________________________________




4135. LEASING AUTHORITIES

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 2252

[[Page 23943]]

CFR Citation:  12 CFR Not yet determined

Legal Deadline: None

Abstract: Would develop comprehensive leasing regulations for all Farm 
Credit System institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/96

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 G. Magnuson, Policy Analyst, Office of 
Examination, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, VA 22102-5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB63
_______________________________________________________________________




4136. LOAN POLICIES AND OPERATIONS (LOAN UNDERWRITING STANDARDS)

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  42 USC 4012a; 42 USC 4104a; 42 USC 4104b; 42 USC 
4106; 42 USC 4128; 12 USC 2011; 12 USC 2013; 12 USC 2014; 12 USC 2015; 
12 USC 2017; 12 USC 2018; 12 USC 2019; 12 USC 2071; 12 USC 2073; 12 USC 
2074; ...

CFR Citation:  12 CFR 614

Legal Deadline: None

Abstract: Would clarify existing loan underwriting guidance and provide 
flexibility where appropriate.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/15/96                    61 FR 16403
NPRM Comment Period End         05/15/96

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, VA 22102-
5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB64
_______________________________________________________________________




4137. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS (NON-DOLLAR DEBT)

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 2013; 12 USC 2122; 12 USC 2153; 12 USC 2154; 
12 USC 2160; 12 USC 2252

CFR Citation:  12 CFR 615

Legal Deadline: None

Abstract: Would authorize Farm Credit System institutions to issue debt 
in foreign currency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           11/24/95                    60 FR 57963
ANPRM Comment Period End        01/31/96
NPRM                            08/00/96

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 J. LaVerghetta, Senior Financial Analyst, 
Office of Examination, Farm Credit Administration, 1501 Farm Credit 
Drive, McLean, VA 22101-5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB68
_______________________________________________________________________




4138.  ORGANIZATION (ORGANIZATION ISSUES)

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

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 2209; 12 USC 
2243; 12 USC 2244; 12 USC 2252; 12 USC 2279a to 2279f-1; 12 USC 2279aa-
5(e)

CFR Citation:  12 CFR 611

Legal Deadline: None

Abstract: Would address regulatory burden issues concerning corporate 
restructuring and voter secrecy in the election of directors.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4125.

Agency Contact: Eric Howard, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 22102-
5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB71
_______________________________________________________________________




4139.  FARM CREDIT SYSTEM REFORM ACT REGULATIONS

Priority:  Other Significant

Legal Authority:  PL 104-105

CFR Citation:  12 CFR 600 to 650

Legal Deadline:  NPRM, Statutory, May 10, 1996.

Abstract: Would amend regulations to provide regulatory relief, and 
address new authorities of the Federal Agricultural Mortgage 
Corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/96

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.

[[Page 23944]]

Agency Contact: Gaylon Dykstra, Policy Analyst, Office of Examination, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 22102-
5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB72
_______________________________________________________________________


FARM CREDIT ADMINISTRATION (FCA)                       Final Rule Stage


  



_______________________________________________________________________




4140. ELIGIBILITY AND SCOPE OF FINANCING; LOAN POLICIES AND OPERATIONS; 
GENERAL PROVISIONS; DEFINITIONS; NONDISCRIMINATION IN LENDING 
(ELIGIBILITY)

Priority:  Other Significant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

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; 12 CFR 614; 12 CFR 618; 12 CFR 619; 12 CFR 
626

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                            09/11/95                    60 FR 47103
NPRM Comment Period End         12/11/95
Final Action                    06/00/96

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, VA 22102-
5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB10
_______________________________________________________________________




4141. REFERRAL OF CRIMES AND SUSPECTED CRIMES (CRIMINAL REFERRAL)

Priority:  Substantive, Nonsignificant

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
Resolicitation of Comments 
Regarding Criminal Referral     06/20/94                    59 FR 31562
Comment Period End Regarding 
Criminal Referral               08/19/94
Final Action                    05/00/96

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, VA 22102-
5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB33
_______________________________________________________________________




4142. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS; GENERAL PROVISIONS; DISCLOSURE TO SHAREHOLDERS; 
CAPITAL ADEQUACY (CAPITAL - PHASE II)

Priority:  Other Significant

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; 12 CFR 618; 12 CFR 620

Legal Deadline: None

Abstract: Would amend regulations to address capital directives and 
surplus requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/27/95                    60 FR 38521
NPRM Comment Period End         10/25/95
Final Action                    06/00/96

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, VA 22102-5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB48
_______________________________________________________________________




4143. LOAN POLICIES AND OPERATIONS; LOANS IN AREAS HAVING SPECIAL FLOOD 
HAZARDS (FLOOD INSURANCE)

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 2011; 12 USC 2013; 12 USC 2014; 12 USC 2015; 
12 USC 2017; 12 USC 2018; 12 USC 2071;

[[Page 23945]]

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:  Other, Statutory, June 20, 1995.
Statutory deadline of June 20, 1995 for coordinated adoption with other 
Federal financial institution regulators of FEMA Standard Flood Hazard 
Determination Form.

Abstract: Would develop flood insurance regulations required by title 
V--National Flood Insurance Reform of the Riegle Community Development 
and Regulatory Improvement Act of 1994.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action on Determination 
Form                            07/06/95                    60 FR 35286
NPRM                            10/18/95                    60 FR 53962
NPRM Comment Period End         12/18/95
Effective Date of Determination 
Form                            01/02/96                    60 FR 35286
Final Action                    05/00/96

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 G. Magnuson, Policy Analyst, Office of 
Examination, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, VA 22102-5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB57
_______________________________________________________________________




4144.  FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, 
AND FUNDING OPERATIONS (BOOK-ENTRY FARM CREDIT SECURITIES)

Priority:  Other Significant

Legal Authority:  12 USC 2013; 12 USC 2122; 12 USC 2153; 12 USC 2154; 
12 USC 2160; 12 USC 2252

CFR Citation:  12 CFR 615

Legal Deadline: None

Abstract: Would revise sections of Farm Credit securities book-entry 
regulations to reflect changes to the Treasury book-entry regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/00/96

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation Development, Office of Examination, 
703-883-4125.

Agency Contact: Michael LaVerghetta, Senior Financial Analyst, Office 
of Examination, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, VA 22102-5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB70
_______________________________________________________________________


FARM CREDIT ADMINISTRATION (FCA)                      Long-Term Actions


  



_______________________________________________________________________




4145. FEDERAL AGRICULTURAL MORTGAGE CORPORATION RISK-BASED CAPITAL 
REGULATION

Priority:  Substantive, Nonsignificant

CFR Citation:  Not yet determined

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Suzanne J. McCrory
Phone: 703 883-4280
TDD: 703 883-4444

RIN: 3052-AB56
_______________________________________________________________________




4146. LOAN POLICIES AND OPERATIONS (UNINSURED VOLUNTARY AND INVOLUNTARY 
ACCOUNTS)

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 614

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert G. Magnuson
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB65
_______________________________________________________________________




4147.  LOAN POLICIES AND OPERATIONS (BORROWER RIGHTS - EFFECTIVE 
INTEREST RATE)

Priority:  Substantive, Nonsignificant

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 effective interest rate disclosure regulations 
to provide clarification/consistency throughout the Farm Credit System.

Timetable: Next Action Undetermined

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, VA 22102-
5090
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB69
_______________________________________________________________________

[[Page 23946]]




FARM CREDIT ADMINISTRATION (FCA)                      Completed Actions


  



_______________________________________________________________________




4148. LOAN POLICIES AND OPERATIONS (BORROWER RIGHTS - PHASE I)

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  12 CFR 614

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/20/96                    61 FR 11303

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert S. Child
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB52
_______________________________________________________________________




4149. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS; DISCLOSURE TO SHAREHOLDERS (DIRECTOR ELECTIONS)

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  12 CFR 615; 12 CFR 620

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/24/95                    60 FR 57919
Final Action Effective          01/02/96                     61 FR 1274

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John J. Hays
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB60
_______________________________________________________________________




4150. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS (GLOBAL DEBT)

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

CFR Citation:  12 CFR 615

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/25/96                    61 FR 12015
Final Action Effective          01/02/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Laurie A. Rea
Phone: 703 883-4498
TDD: 703 883-4444

RIN: 3052-AB66
[FR Doc. 96-5657 Filed 05-10-96; 8:45 am]
BILLING CODE 6705-01-F