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


_______________________________________________________________________

Part L





Farm Credit Administration





_______________________________________________________________________



Semiannual Regulatory Agenda

[[Page 22934]]



FARM CREDIT ADMINISTRATION (FCA)                                       


  



_______________________________________________________________________

FARM CREDIT ADMINISTRATION

12 CFR Ch. VI

Unified Agenda of Federal Regulatory and Deregulatory Actions

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 1998 through October 
1998.

FOR FURTHER INFORMATION CONTACT: Cindy R. Nicholson, Paralegal 
Specialist, Regulation and Policy Division, Office of Policy and 
Analysis, 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 
the 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 20, 1998.

Floyd Fithian,

Secretary, Farm Credit Administration Board.

                                               Proposed Rule Stage                                              
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4079         Federal Agricultural Mortgage Corporation Risk-Based Capital Regulation..............    3052-AB56 
4080         Organization (Balloting and Stockholder Reconsideration Issues)......................    3052-AB71 
4081         Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations                   
            (Investment Management)...............................................................    3052-AB76 
4082         Organization (FCS Board Compensation Limits).........................................    3052-AB79 
4083         Assessment and Apportionment of Administrative Expenses (Technical Change)...........    3052-AB83 
----------------------------------------------------------------------------------------------------------------


                                                Final Rule Stage                                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4084         Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations                   
            (Capital--Phase III)..................................................................    3052-AB58 
4085         Leasing Authorities..................................................................    3052-AB63 
4086         Loan Policies and Operations (Other Financing Institutions)..........................    3052-AB67 
----------------------------------------------------------------------------------------------------------------


                                                Long-Term Actions                                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4087         Loan Policies and Operations; Lending Authorities (Secondary Market Participations)..    3052-AB59 
4088         Loan Policies and Operations (Comprehensive Borrower Rights).........................    3052-AB69 
4089         Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations (FCB              
            Assistance to Associations)...........................................................    3052-AB80 
4090         Organization and Functions (FCA Organization)........................................    3052-AB82 
----------------------------------------------------------------------------------------------------------------


                                                Completed Actions                                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4091         Loan Policies and Operations (General Financing Agreement)...........................    3052-AB09 
4092         Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations                   
            (Book-Entry Farm Credit Securities)...................................................    3052-AB73 
4093         Loan Policies and Operations (FCS Loan Sales)........................................    3052-AB78 

[[Page 22935]]

                                                                                                                
4094         Loan Policies and Operations (BC Loan Discounting)...................................    3052-AB81 
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


FARM CREDIT ADMINISTRATION (FCA)                    Proposed Rule Stage


  



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4079. FEDERAL AGRICULTURAL MORTGAGE CORPORATION RISK-BASED CAPITAL 
REGULATION

Priority:  Other Significant. Major status under 5 USC 801 is 
undetermined.

Legal Authority:  12 USC 2279bb-1; 12 USC 2279aa-11(a)(1)(B)(ii)

CFR Citation:  Not yet determined

Legal Deadline: None

Abstract: This regulatory action will establish a risk-based capital 
requirement for the Federal Agricultural Mortgage Corporation. The 
risk-based capital requirement will be determined by calculating the 
amount of capital needed to withstand a 10-year period during which (1) 
severe defaults and losses on agricultural real estate mortgages occur 
and (2) interest rates on Treasury obligations increase or decrease by 
not more than (a) 50 percent of the rates during the past 12 months or 
(b) 600 percent, whichever is less.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation and Policy Division, Office and Policy 
and and Analysis, 703-883-4498, [email protected] FOR FURTHER 
INFORMATION: Web site: http://www.fca.gov
Email: [email protected]

Agency Contact: Larry W. Edwards, Director, Office of Secondary Market 
Oversight, Farm Credit Administration, 1501 Farm Credit Drive, McLean, 
VA 22102-5090
Phone: 703 883-4280
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB56
_______________________________________________________________________




4080. ORGANIZATION (BALLOTING AND STOCKHOLDER RECONSIDERATION 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 balloting 
and voter reconsideration when FCS institutions engage in corporate 
restructuring activities (i.e., mergers).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/20/98                    63 FR 13564
NPRM Comment Period End         04/20/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation and Policy Division, Office of Policy 
and Analysis, 703-883-4498, [email protected] FOR FURTHER INFORMATION: 
Web site: http://www.fca.gov
Email: [email protected]

Agency Contact: Alan Markowitz, Policy Analyst, Office of Policy and 
Analysis, Farm Credit Administration, 1501 Farm Credit Drive, McLean, 
VA 22102-5090
Phone: 703 883-4498
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB71
_______________________________________________________________________




4081. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS (INVESTMENT MANAGEMENT)

Priority:  Other Significant

Legal Authority:  12 USC 2013; 12 USC 2015; 12 USC 2018; 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

CFR Citation:  12 CFR 615

Legal Deadline: None

Abstract: Would clarify and revise the current investment management 
regulations taking into consideration petitions received to amend the 
regulations, safety and soundness and similar regulations established 
by other financial institution regulators.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation and Policy Division, Office of Policy 
and Analysis, 703-883-4498, [email protected] FOR FURTHER INFORMATION: 
Web site: http://www.fca.gov
Email: [email protected]

Agency Contact: Laurie A. Rea, Senior Policy Analyst, Office of Policy 
and Analysis, Farm Credit Administration,

[[Page 22936]]

1501 Farm Credit Drive, McLean, VA 22102-5090
Phone: 703 883-4498
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB76
_______________________________________________________________________




4082.  ORGANIZATION (FCS BOARD COMPENSATION LIMITS)

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 remove Agency prior approval for certain instances in 
which bank director compensation can exceed the adjusted maximum.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation and Policy Division, Office of Policy 
and Analysis, 703-883-4498, [email protected] FOR FURTHER INFORMATION: 
Web site: http://www.fca.gov
Email: [email protected]

Agency Contact: Alan Markowitz, Policy Analyst, Office of Policy and 
Analysis, Farm Credit Administration, 1501 Farm Credit Drive, McLean, 
VA 22102-5090
Phone: 703 883-4498
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB79
_______________________________________________________________________




4083.  ASSESSMENT AND APPORTIONMENT OF ADMINISTRATIVE EXPENSES 
(TECHNICAL CHANGE)

Priority:  Info./Admin./Other

Major: Undetermined

Legal Authority:  12 USC 2250; 12 USC 2252; 12 USC 3025

CFR Citation:  12 CFR 607

Legal Deadline: None

Abstract: A technical change to the regulations that would replace the 
acronym ``CAMEL'' with the term ``FCA Rating System or FCARS''.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation and Policy Division, Office of Policy 
and Analysis, 703-883-4498, [email protected] FOR FURTHER INFORMATION: 
Web site: http://www.fca.gov
Email: [email protected]

Agency Contact: Andrew D. Jacob, Senior Financial Analyst, Risk 
Analysis Division, Office of Policy and Analysis, Farm Credit 
Administration, 1501 Farm Credit Drive, McLean, VA 22102-5090
Phone: 703 883-4356
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB83
_______________________________________________________________________


FARM CREDIT ADMINISTRATION (FCA)                       Final Rule Stage


  



_______________________________________________________________________




4084. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS (CAPITAL--PHASE III)

Priority:  Other Significant. Major status under 5 USC 801 is 
undetermined.

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                            09/23/97                    62 FR 49623
NPRM Comment Period End         11/24/97
Final Action                    06/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation and Policy Division, Office of Policy 
and Analysis, 703-883-4498, [email protected] FOR FURTHER INFORMATION: 
Web site: http//www.fca.gov
Email: [email protected]

Agency Contact: Dennis K. Carpenter, Senior Policy Analyst, Office of 
Policy and Analysis, Farm Credit Administration, 1501 Farm Credit 
Drive, McLean, VA 22102-5090
Phone: 703 883-4498
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB58
_______________________________________________________________________




4085. LEASING AUTHORITIES

Priority:  Other Significant

Legal Authority:  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; 12 USC 2075; 12 USC 2091; 12 USC 2093; 12 USC 2094; 12 USC 2097

CFR Citation:  12 CFR 616

Legal Deadline: None

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

[[Page 22937]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/15/97                    62 FR 53581
NPRM Comment Period End         12/15/97
Final Action                    07/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation and Policy Division, Office of Policy 
and Analysis, 703-883-4498, [email protected] FOR FURTHER INFORMATION: 
Web site: http://www.fca.gov
Email: [email protected]

Agency Contact: John Hays, Policy Analyst, Office of Policy Analysis, 
Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 22102-
5090
Phone: 703 883-4498
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB63
_______________________________________________________________________




4086. 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                           05/17/96                    61 FR 24907
ANPRM Comment Period End        07/16/96
ANPRM Comment Period Extended to 
08/30/96                        07/17/96                    61 FR 37230
NPRM                            07/17/97                    62 FR 38223
NPRM Comment Period End         09/15/97
Final Action                    05/00/98

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation and Policy Division, Office of Policy 
and Analysis, 703-883-4498, [email protected] FOR FURTHER INFORMATION: 
Web site: http://www.fca.gov
Email: [email protected]

Agency Contact: Eric Howard, Policy Analyst, Office of Policy and 
Analysis, Farm Credit Administration, 1501 Farm Credit Drive, McLean, 
VA 22102-5090
Phone: 703 883-4498
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB67
_______________________________________________________________________


FARM CREDIT ADMINISTRATION (FCA)                      Long-Term Actions


  



_______________________________________________________________________




4087. 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.

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

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Eric Howard
Phone: 703 883-4498
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB59
_______________________________________________________________________




4088. LOAN POLICIES AND OPERATIONS (COMPREHENSIVE BORROWER RIGHTS)

Priority:  Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

CFR Citation:  12 CFR 614

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Gaylon Dykstra
Phone: 703 883-4498
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB69
_______________________________________________________________________




4089.  FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, 
AND FUNDING OPERATIONS (FCB ASSISTANCE TO ASSOCIATIONS)

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 2015; 12 USC 2018; 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

CFR Citation:  12 CFR 615

Legal Deadline: None

Abstract: Would clarify when Agency prior approval is needed for 
approval of financial assistance provided to associations by Farm 
Credit Banks and agricultural credit banks.

[[Page 22938]]

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 and Policy Division, Office of Policy 
and Analysis, 703-883-4498, [email protected] FOR FURTHER INFORMATION: 
Web site: http://www.fca.gov
Email: [email protected]

Agency Contact: Dennis Carpenter, Senior Policy Analyst, Office of 
Policy and Analysis, Farm Credit Administration, 1501 Farm Credit 
Drive, McLean, VA 22102-5090
Phone: 703 883-4498
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB80
_______________________________________________________________________




4090.  ORGANIZATION AND FUNCTIONS (FCA ORGANIZATION)

Priority:  Info./Admin./Other

Legal Authority:  12 USC 2241; 12 USC 2242; 12 USC 2243; 12 USC 2244; 
12 USC 2245; 12 USC 2252; 12 USC 2279aa-11

CFR Citation:  12 CFR 600

Legal Deadline: None

Abstract: Would amend regulations relating to the organization and 
functions of the FCA to implement changes to office functions and 
responsibilities and include a revised description of the FCA.

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 and Policy Division, Office of Policy 
and Analysis, 703-883-4498, [email protected] FOR FURTHER INFORMATION: 
Web site: http://www.fca.gov
Email: [email protected]

Agency Contact: Patricia DiMuzio, Director, Regulation and Policy 
Division, Office of Policy and Analysis, Farm Credit Administration, 
1501 Farm Credit Drive, McLean, VA 22102-5090
Phone: 703 883-4498
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB82
_______________________________________________________________________


FARM CREDIT ADMINISTRATION (FCA)                      Completed Actions


  



_______________________________________________________________________




4091. 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.

CFR Citation:  12 CFR 614; 12 CFR 627

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/04/98                     63 FR 5721
Final Action Effective          03/13/98                    63 FR 12401

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert Coleman
Phone: 703 883-4498
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB09
_______________________________________________________________________




4092. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS (BOOK-ENTRY FARM CREDIT SECURITIES)

Priority:  Other Significant

CFR Citation:  12 CFR 615

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/14/97                    62 FR 53227
Final Action Effective          02/02/98                     63 FR 5223

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Laurie A. Rea
Phone: 703 883-4498
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB73
_______________________________________________________________________




4093. LOAN POLICIES AND OPERATIONS (FCS LOAN SALES)

Priority:  Substantive, Nonsignificant

CFR Citation:  12 CFR 614

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Direct Final Rule on Loan Sales 
Relief                          12/02/97                    62 FR 63644
Opportunity for Comment on Loan 
Sales Relief                    01/02/98
Direct Final Rule Effective     03/04/98                    63 FR 10515

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John J. Hays
Phone: 703 883-4498
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB78
_______________________________________________________________________




4094.  LOAN POLICIES AND OPERATIONS (BC LOAN DISCOUNTING)

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 remove Agency prior approval of bank for cooperatives 
loan discounting policies.

[[Page 22939]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Direct Final Rule on BC Loan 
Discounting                     12/22/97                    62 FR 66816
Opportunity for Comment on BC 
Loan Discounting                01/21/98
Direct Final Rule Effective     03/04/98                    63 FR 10515

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Paralegal Specialist, Regulation and Policy Division, Office of Policy 
and Analysis, 703-883-4498, [email protected] FOR FURTHER INFORMATION: 
Web site: http://www.fca.gov
Email: [email protected]

Agency Contact: Linda Sherman, Policy Analyst, Office of Policy and 
Analysis, Farm Credit Administration, 1501 Farm Credit Drive, McLean, 
VA 22102-5090
Phone: 703 883-4498
TDD: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB81
[FR Doc. 98-5167 Filed 04-24-98; 8:45 am]
BILLING CODE 6705-01-F