[The Regulatory Plan and 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 65357]]

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Part LI





Farm Credit Administration





_______________________________________________________________________



Semiannual Regulatory Agenda

[[Page 65358]]



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 October 1999 through April 
2000.

FOR FURTHER INFORMATION CONTACT:  Cindy R. Nicholson, Technical Editor, 
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:  September 3, 1999.

 Vivian L. Portis,

Secretary, Farm Credit Administration Board.

                                                  Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4263         Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations        3052-AB92
            (Mission-Related Investments).......................................................
4264         Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and             3052-AB96
            Operations and Funding Operations (OFIs--Risk-Weighting of Loans at FCBs)...........
----------------------------------------------------------------------------------------------------------------


                                               Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4265         Federal Agricultural Mortgage Corporation Risk-Based Capital Regulation............     3052-AB56
4266         Loan Policies and Operations (Comprehensive Borrower Rights).......................     3052-AB69
4267         Organization (Reorganization Authorities for System Institutions)..................     3052-AB86
4268         Organization; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding     3052-AB91
            Operations (Stock Issuance).........................................................
4269         Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and             3052-AB93
            Operations, and Funding Operations (Loan Participations and Purchases)..............
4270         Disclosure to Shareholders (Annual Report).........................................     3052-AB94
4271         Regulatory Burden (Phase II).......................................................     3052-AB97
----------------------------------------------------------------------------------------------------------------


                                                Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4272         Statement on Regulatory Burden.....................................................     3052-AB85
4273         Organization; Loan Policies and Operations; General Provisions; Chartered               3052-AB87
            Territories (Customer Choice).......................................................
4274         Loan Policies and Operations; Flood Insurance Requirements.........................     3052-AB89
4275         Standards of Conduct (Plain Language Revision).....................................     3052-AB95
----------------------------------------------------------------------------------------------------------------


                                                Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4276         Organization and Functions (FCA Organization)......................................     3052-AB82
4277         Eligibility and Scope of Financing.................................................     3052-AB90
----------------------------------------------------------------------------------------------------------------


[[Page 65359]]


                                                Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4278         Loan Policies and Operations; Leasing; General Provisions; Accounting and Reporting     3052-AB63
            Requirements (Leasing Authorities)..................................................
4279         Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations        3052-AB76
            (Investment Management).............................................................
4280         Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations        3052-AB80
            (FCB Assistance to Associations/Transfer of Capital)................................
4281         Releasing Information..............................................................     3052-AB84
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


Farm Credit Administration (FCA)                          Prerule Stage


  



_______________________________________________________________________




4263.  FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, 
AND FUNDING OPERATIONS (MISSION-RELATED INVESTMENTS)

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; 
12 USC 2154a; 12 USC 2160; 12 USC 2202b; 12 USC 2211; 12 USC 2243; 12 
USC 2252; 12 USC 2278b; 12 USC 2278b-6; 12 USC 2279aa; 12 USC 2279aa-3; 
12 USC 2279aa-4; 12 USC 2279aa-6; 12 USC 2279aa-7; 12 USC 2279aa-8; 12 
USC 2279aa-10; 12 USC 2279aa-12

CFR Citation: 12 CFR 615

Legal Deadline: None

Abstract: This regulation would develop safety and soundness 
regulations for mission-related investment activity. Mission-related 
investment activities are those that directly relate to agriculture, 
increase the flow of funds to farmers, ranchers, cooperatives, and 
rural areas, or otherwise support the ongoing mission of the Farm 
Credit System.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           01/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Regulation and Policy Division, Office of Policy and 
Analysis, 703-883-4498, [email protected]

AGENCY WEBSITE: www.fca.gov

PUBLIC AFFAIRS: [email protected]

REGULATION COMMENTS: [email protected]

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

RIN: 3052-AB92
_______________________________________________________________________




4264.  LOAN POLICIES AND OPERATIONS; FUNDING AND FISCAL AFFAIRS, 
LOAN POLICIES AND OPERATIONS AND FUNDING OPERATIONS (OFIS--RISK-
WEIGHTING OF LOANS AT FCBS)

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 2019; 12 USC 2020; 12 USC 2071; 12 USC 
2073; 12 USC 2074; 12 USC 2075; 12 USC 2076; 12 USC 2091; 12 USC 2093; 
12 USC 2094; 12 USC 2097; 12 USC 2121; 12 USC 2122; 12 USC 2124; 12 USC 
2128; 12 USC 2129; 12 USC 2131; 12 USC 2132; 12 USC 2141; 12 USC 2146; 
12 USC 2149; 12 USC 2154; 12 USC 2154a; 12 USC 2160; 12 USC 2183; 12 
USC 2184; 12 USC 2199; ...

CFR Citation: 12 CFR 614; 12 CFR 615

Legal Deadline: None

Abstract: The regulation would revise the current risk-weighting 
requirements for OFI direct loans and other related changes necessary 
for the safety and soundness of Farm Credit Banks.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           02/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Regulation and Policy Division, Office of Policy and 
Analysis, 703-883-4498, [email protected]

AGENCY WEBSITE: www.fca.gov

PUBLIC AFFAIRS: [email protected]

REGULATION COMMENTS: [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 Phone: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB96

[[Page 65360]]

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Farm Credit Administration (FCA)                    Proposed Rule Stage


  



_______________________________________________________________________




4265. 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: 12 CFR 650

Legal Deadline: None

Abstract: This regulation will establish risk-based capital 
requirements for the Federal Agricultural Mortgage Corporation (also 
known as Farmer Mac). The law says these regulatory requirements will 
be used to determine the amount of capital needed to survive a 10-year 
period of both unfavorable credit and interest rate conditions. The law 
includes additional details on the level of unfavorable conditions to 
be included in the requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Regulation and Policy Division, Office and Policy and 
and Analysis, 703-883-4498, [email protected]

AGENCY WEBSITE: www.fca.gov

PUBLIC AFFAIRS: [email protected]

REGULATION COMMENTS: [email protected]

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

RIN: 3052-AB56
_______________________________________________________________________




4266. LOAN POLICIES AND OPERATIONS (COMPREHENSIVE BORROWER RIGHTS)

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
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: This rulemaking would revise borrower rights regulations to 
provide clarification and remove unnecessary burdens.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Regulation and Policy Division, Office of Policy and 
Analysis, 703-883-4498, [email protected].

AGENCY WEBSITE: www.fca.gov

PUBLIC AFFAIRS: [email protected]

REGULATION COMMENTS: [email protected]

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

RIN: 3052-AB69
_______________________________________________________________________




4267. ORGANIZATION (REORGANIZATION AUTHORITIES FOR SYSTEM INSTITUTIONS)

Priority: Other Significant

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 
2279aa5(e)

CFR Citation: 12 CFR 611

Legal Deadline: None

Abstract: This rulemaking 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

________________________________________________________________________

NPRM                            11/05/99                    64 FR 60370
NPRM Comment Period End         02/03/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Regulation and Policy Division, Office of Policy and 
Analysis, 703-883-4498, [email protected]

AGENCY WEBSITE: www.fca.gov

PUBLIC AFFAIRS: [email protected]

REGULATION COMMENTS: [email protected]

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

RIN: 3052-AB86
_______________________________________________________________________




4268.  ORGANIZATION; FUNDING AND FISCAL AFFAIRS, LOAN POLICIES 
AND OPERATIONS, AND FUNDING OPERATIONS (STOCK ISSUANCE)

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 2021; 12 USC 2071; 12 USC 2073; 12 USC 2074; 12 USC

[[Page 65361]]

2075; 12 USC 2076; 12 USC 2091; 12 USC 2093; 12 USC 2121; 12 USC 2122; 
12 USC 2128; 12 USC 2132; 12 USC 2142; 12 USC 2146; 12 USC 2154; 12 USC 
2154a; 12 USC 2160; 12 USC 2183; 12 USC 2202b; 12 USC 2203; 12 USC 
2208; 12 USC 2209; 12 USC 2211; 12 USC 2243; 12 USC 2244; 12 USC 2252; 
12 USC 2278b; 12 USC 2278b-6; 12 USC 2279a--2279f-1; 12 USC 2279aa; 12 
USC 2279aa-3; 12 USC 2279aa-4; 12 USC 2279aa-5(e); 12 USC 2279aa-6; 12 
USC 2279aa-7; 12 USC 2279aa-8; 12 USC 2279aa-10; 12 USC 2279aa-12; 12 
USC 2011

CFR Citation: 12 CFR 611; 12 CFR 615

Legal Deadline: None

Abstract: Would consider permitting Farm Credit System institutions, 
including service corporations, to issue additional amounts of certain 
classes of stock and would allow service corporations to issue non-
voting stock to non-System institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Regulation and Policy Division, Office of Policy and 
Analysis, 703-883-4498, [email protected]

AGENCY WEBSITE: www.fca.gov

PUBLIC AFFAIRS: [email protected]

REGULATION COMMENTS: [email protected]

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

RIN: 3052-AB91
_______________________________________________________________________




4269.  LOAN POLICIES AND OPERATIONS; FUNDING AND FISCAL AFFAIRS, 
LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS (LOAN 
PARTICIPATIONS AND PURCHASES)

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 2279a-2; 12 USC 2279b; 12 USC 2279c-1; 12 USC 
2279f; 12 USC 2279f-1; 12 USC 2279aa; 12 USC 2279aa-5; 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; 12 USC 2075; 12 USC 2091; 12 USC 
2093; 12 USC 2094; 12 USC 2097; 12 USC 2121; 12 USC 2122; 12 USC 2124; 
12 USC 2128; 12 USC 2129; 12 USC 2131; 12 USC 2141; 12 USC 2149; 12 USC 
2183; 12 USC 2184; 12 USC 2199; 12 USC 2201; 12 USC 2202; 12 USC 2202a; 
12 USC 2202c; 12 USC 2202d; 12 USC 2202e; 12 USC 2206; 12 USC 2206a; 12 
USC 2207; 12 USC 2211; 12 USC 2212; 12 USC 2213; 12 USC 2214; 12 USC 
2219a; 12 USC 2219b; 12 USC 2243; 12 USC 2244; 12 USC 2252; 12 USC 
2279a; ...

CFR Citation: 12 CFR 614; 12 CFR 615

Legal Deadline: None

Abstract: This regulation would remove regulatory restrictions 
affecting the System's ability to purchase interests in eligible loans 
and address any technical changes necessary.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Regulation and Policy Division, Office of Policy and 
Analysis, 703-883-4498, [email protected]

AGENCY WEBSITE: www.fca.gov

PUBLIC AFFAIRS: [email protected]

REGULATION COMMENTS: [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 Phone: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB93
_______________________________________________________________________




4270.  DISCLOSURE TO SHAREHOLDERS (ANNUAL REPORT)

Priority: Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will eliminate existing text in the CFR.

Legal Authority: 12 USC 2252; 12 USC 2254; 12 USC 2279a-11

CFR Citation: 12 CFR 620

Legal Deadline: None

Abstract: The regulation would consider eliminating the requirement 
that FCBs distribute their financial reports to the stockholders of 
their associations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Regulation and Policy Division, Office of Policy and 
Analysis, 703-883-4498

AGENCY WEBSITE: www.fca.gov

PUBLIC AFFAIRS: [email protected]

REGULATION COMMENTS: [email protected]

Agency Contact: Robert Edward Donnelly, Senior Accountant, Farm Credit 
Administration, Office of Policy and Analysis, 1501 Farm Credit Drive, 
McLean, VA 22102-4943
Phone: 703 883-4450
TDD Phone: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB94


_______________________________________________________________________



[[Page 65362]]

4271.  REGULATORY BURDEN (PHASE II)

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 2252; EO 12866

CFR Citation: 12 CFR 600 to 650

Legal Deadline: None

Abstract: The regulation would address comments received from the 
Regulatory Burden Notice published in August 1998. Would specifically 
inform the public of the Agency's rationale for retaining certain 
regulations due to statutory requirements or safety and soundness 
concerns.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Notice                          03/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Regulation and Policy Division, Office of Policy and 
Analysis, 703-883-4498, [email protected]

AGENCY WEBSITE: www.fca.gov

PUBLIC AFFAIRS: [email protected]

REGULATION COMMENTS: [email protected]

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

RIN: 3052-AB97
_______________________________________________________________________


Farm Credit Administration (FCA)                       Final Rule Stage


  



_______________________________________________________________________




4272. STATEMENT ON REGULATORY BURDEN

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; EO 12866

CFR Citation: 12 CFR 600 to 650

Legal Deadline: None

Abstract: The FCA is requesting commenters to identify regulations and 
policies that duplicate other requirements, are ineffective, or impose 
burdens that are greater than the benefits received. The FCA is 
committed to continually updating its regulations and policies so they 
remain useful to the Farm Credit System and the public without 
sacrificing safety and soundness.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Notice of Intent                08/18/98                    63 FR 64013
Comment Period Extension Notice 11/18/98                    63 FR 64013
Direct Final Rule               08/09/99                    64 FR 43046
Direct Final Rule Effective     10/14/99                    64 FR 55621
Comment Period End              09/08/99


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Regulation and Policy Division, Office of Policy and 
Analysis, 703-883-4498, [email protected]

AGENCY WEBSITE: www.fca.gov

PUBLIC AFFAIRS: [email protected]

REGULATION COMMENTS: [email protected]

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

RIN: 3052-AB85
_______________________________________________________________________




4273. ORGANIZATION; LOAN POLICIES AND OPERATIONS; GENERAL PROVISIONS; 
CHARTERED TERRITORIES (CUSTOMER CHOICE)

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 2096

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

Legal Deadline: None

Abstract: This rulemaking would provide additional flexibility for 
borrowers to obtain financing from System institutions of their choice 
and to otherwise deregulate lending restrictions on FCS entities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/09/98                    63 FR 60219
Comment Period Extension Notice 12/16/98                    63 FR 69229
NPRM Comment Period End         02/08/99
Comment Period End              05/10/99
Final Action                    01/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Regulation and Policy Division, Office of Policy and 
Analysis, 703-883-4498, [email protected]

AGENCY WEBSITE: www.fca.gov

PUBLIC AFFAIRS: [email protected]

REGULATION COMMENTS: [email protected]

[[Page 65363]]

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

RIN: 3052-AB87
_______________________________________________________________________




4274.  LOAN POLICIES AND OPERATIONS; FLOOD INSURANCE 
REQUIREMENTS

Priority: Info./Admin./Other

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will eliminate existing text in the CFR.

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; 
12 USC 2075; 12 USC 2091; 12 USC 2093; 12 USC 2094; 12 USC 2097; 12 USC 
2121; 12 USC 2122; 12 USC 2124; 12 USC 2128; 12 USC 2129; 12 USC 2131; 
12 USC 2141; 12 USC 2149; 12 USC 2183; 12 USC 2184; 12 USC 2199; 12 USC 
2201; 12 USC 2202; 12 USC 2202a; 12 USC 2202c; 12 USC 2202d; 12 USC 
2202e; 12 USC 2206; 12 USC 2206a; 12 USC 2207; 12 USC 2211; 12 USC 
2212; 12 USC 2213; 12 USC 2214; 12 USC 2219a; 12 USC 2219b; 12 USC 
2243; 12 USC 2244; 12 USC 2252; 12 USC 2279a; 12 USC 2279a-2; 12 USC 
2279b; 12 USC 2279c-1; 12 USC 2279f; 12 USC 2279f-1; 12 USC 2279aa; 12 
USC 2279aa-5; PL 100-233

CFR Citation: 12 CFR 614

Legal Deadline: None

Abstract: This technical amendment would remove regulatory reference to 
Federal Emergency Management Agency's standard flood hazard 
determination form and make other technical amendments needed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Direct Final Rule               12/00/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy Nicholson, 
Technical Editor, Regulation and Policy Division, Office of Policy 
Analysis, 703-883-4125, [email protected]

AGENCY WEBSITE: www.fca.gov

PUBLIC AFFAIRS: [email protected]

REGULATION COMMENTS: [email protected]

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

RIN: 3052-AB89
_______________________________________________________________________




4275.  STANDARDS OF CONDUCT (PLAIN LANGUAGE REVISION)

Priority: Info./Admin./Other

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 2243; 12 USC 2252; 12 USC 2254

CFR Citation: 12 CFR 612

Legal Deadline: None

Abstract: The regulation would revise existing Standards of Conduct 
regulations so they are written in ``Plain Language.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Direct Final Rule               06/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Regulation and Policy Division, Office of Policy 
Analysis, 703-883-4498, [email protected]

AGENCY WEBSITE: www.fca.gov

PUBLIC AFFAIRS: [email protected]

REGULATION COMMENTS: [email protected]

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

RIN: 3052-AB95
_______________________________________________________________________


Farm Credit Administration (FCA)                      Long-Term Actions


  



_______________________________________________________________________




4276. ORGANIZATION AND FUNCTIONS (FCA ORGANIZATION)

Priority: Info./Admin./Other

CFR Citation: 12 CFR 600

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Patricia W. DiMuzio
Phone: 703 883-4498
TDD Phone: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB82
_______________________________________________________________________




4277.  ELIGIBILITY AND SCOPE OF FINANCING

Priority: Substantive, Nonsignificant

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 2206a; 12 USC 2211; 12 USC 2212; 
12 USC 2213; 12 USC 2243; 12 USC 2252

CFR Citation: 12 CFR 613

Legal Deadline: None

Abstract: This rule amends the eligibility and scope of financing 
regulations for farm-related service

[[Page 65364]]

businesses and rural homeowners in response to the Court of Appeals' 
ruling in Independent Bankers Association of America v. Farm Credit 
Administration, 164 F.3d 661 (D.C. Cir., 1999).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Direct Final Rule                To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Regulation and Policy Division, Office of Policy and 
Analysis, 703-883-4498, [email protected]

AGENCY WEBSITE: www.fca.gov

PUBLIC AFFAIRS: [email protected]

REGULATION COMMENT: [email protected]

Agency Contact: Richard A. Katz, Senior Attorney, Farm Credit 
Administration, Office of General Counsel, 1501 Farm Credit Drive, 
McLean, VA 22102-5090
Phone: 703 883-4020
TDD Phone: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB90
_______________________________________________________________________


Farm Credit Administration (FCA)                      Completed Actions


  



_______________________________________________________________________




4278. LOAN POLICIES AND OPERATIONS; LEASING; GENERAL PROVISIONS; 
ACCOUNTING AND REPORTING REQUIREMENTS (LEASING AUTHORITIES)

Priority: Other Significant

CFR Citation: 12 CFR 614; 12 CFR 616; 12 CFR 618; 12 CFR 621

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      06/28/99                    64 FR 34514
Final Rule Effective            08/06/99                    64 FR 43049

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 3052-AB63
_______________________________________________________________________




4279. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS (INVESTMENT MANAGEMENT)

Priority: Other Significant

CFR Citation: 12 CFR 615

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      05/28/99                    64 FR 28884
Final Rule Effective            07/15/99                    64 FR 38110

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 3052-AB76
_______________________________________________________________________




4280. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS (FCB ASSISTANCE TO ASSOCIATIONS/TRANSFER OF CAPITAL)

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 615

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      09/15/99                    64 FR 49959
Final Rule Effective            10/21/99                    64 FR 56675

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Dale L. Aultman
Phone: 703 883-4498
TDD Phone: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB80
_______________________________________________________________________




4281. RELEASING INFORMATION

Priority: Info./Admin./Other

CFR Citation: 12 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM Comment Period End         04/07/99                    64 FR 10954
Final Rule                      08/02/99                    64 FR 41770
Final Rule Effective            10/07/99                    64 FR 54511

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 3052-AB84
[FR Doc. 99-23653 Filed 11-19-99; 8:45 am]
BILLING CODE 6705-01-F