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


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Part XLIX





Farm Credit Administration





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Semiannual Regulatory Agenda

[[Page 34084]]



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 2002 through October 
2002.

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, 
(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, 
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 Executive Order 12866.

Dated: March 15, 2002.

 Kelly Mikel Williams,

Secretary, Farm Credit Administration Board.

                                 Farm Credit Administration--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3666        Loan Policies and Operations (Distressed Loan Restructuring)........................     3052-AB69
3667        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations         3052-AB92
            (Investments in Rural America)......................................................
3668        Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and              3052-AB96
            Operations and Funding Operations (OFIs--Lending)...................................
3669        Loan Policies and Operations (Effective Interest Rate Disclosure)...................     3052-AC04
3670        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations         3052-AC05
            (Capital Adequacy)..................................................................
3671        Eligibility and Scope of Financing; Loan Policies and Operations; Funding and Fiscal     3052-AC06
            Affairs, Loan Policies and Operations, and Funding Operations; General Provisions
            (Credit and Related Services).......................................................
----------------------------------------------------------------------------------------------------------------


                                  Farm Credit Administration--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3672        Organization (Reorganization Authorities for System Institutions)...................     3052-AB86
3673        Electronic Commerce; Disclosure to Shareholders (E-Commerce)........................     3052-AC02
----------------------------------------------------------------------------------------------------------------


                                  Farm Credit Administration--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3674        Organization and Functions (FCA Organization).......................................     3052-AB82
----------------------------------------------------------------------------------------------------------------


                                  Farm Credit Administration--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3675        Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and              3052-AB93
            Operations, and Funding Operations (Loan Purchases and Sales).......................
3676        Loan Policies and Operations (Loans to Designated Parties)..........................     3052-AB98
----------------------------------------------------------------------------------------------------------------


[[Page 34085]]

_______________________________________________________________________


Farm Credit Administration (FCA)                    Proposed Rule Stage


  



_______________________________________________________________________




3666. LOAN POLICIES AND OPERATIONS (DISTRESSED LOAN RESTRUCTURING)

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 614

Legal Deadline: None

Abstract: This rulemaking would clarify the borrower rights regulations 
and remove unnecessary burden.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/02

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: Mark L. Johansen, Policy Analyst, 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
_______________________________________________________________________




3667. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS (INVESTMENTS IN RURAL AMERICA)

Priority: Other Significant

Legal Authority: 12 USC 2013; 12 USC 2015; 12 USC 2018 to 2020; 12 USC 
2073 to 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 to 2279aa-8; 
12 USC 2279aa-10; 12 USC 2279aa-12

CFR Citation: 12 CFR 615

Legal Deadline: None

Abstract: This regulation develops safety and soundness standards and 
other criteria for investments in rural America.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/02

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
_______________________________________________________________________




3668. LOAN POLICIES AND OPERATIONS; FUNDING AND FISCAL AFFAIRS, LOAN 
POLICIES AND OPERATIONS AND FUNDING OPERATIONS (OFIS--LENDING)

Priority: Other Significant

Legal Authority: 12 USC 2011; 12 USC 2013 to 2015; 12 USC 2017 to 2020; 
12 USC 2071; 12 USC 2073 to 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 remove impediments for System funding of 
other financing institutions (OFIs).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           04/20/00                    65 FR 21151
ANPRM Comment Period End        06/19/00
Comment Period Extended         06/26/00                    65 FR 39319
Public Meeting                  07/05/01                    66 FR 35428
Public Meeting                  07/19/01                    66 FR 37681
NPRM                            07/00/02

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
_______________________________________________________________________




3669. LOAN POLICIES AND OPERATIONS (EFFECTIVE INTEREST RATE DISCLOSURE)

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 614

Legal Deadline: None

Abstract: This rulemaking would clarify and provide guidance for 
implementing the effective interest rate disclosure requirements of the 
statute.

[[Page 34086]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/03

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: Tong-Ching Chang, Policy Analyst, Office of Policy and 
Analysis, Farm Credit Administration, 1501 Farm Credit Drive, McLean, 
VA 22102-5090
Phone: 703 883-4498

RIN: 3052-AC04
_______________________________________________________________________




3670. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS (CAPITAL ADEQUACY)

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 2013; 12 USC 2015; 12 USC 2018 to 2020; 12 USC 
2073 to 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; ...

CFR Citation: 12 CFR 615

Legal Deadline: None

Abstract: This rulemaking would amend the capital regulations to 
address various issues (including FASB 133).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/02

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-AC05
_______________________________________________________________________




3671. ELIGIBILITY AND SCOPE OF FINANCING; LOAN POLICIES AND OPERATIONS; 
FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING 
OPERATIONS; GENERAL PROVISIONS (CREDIT AND RELATED SERVICES)

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 2013; 12 USC 2015; 12 USC 2017 to 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 to 2213; 12 USC 2243; 12 USC 
2252

CFR Citation: 12 CFR 613 to 615; 12 CFR 618

Legal Deadline: None

Abstract: This rulemaking would amend various regulations to 
incorporate interpretive guidance and remove unnecessary burden.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/02

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-AC06
_______________________________________________________________________


Farm Credit Administration (FCA)                       Final Rule Stage


  



_______________________________________________________________________




3672. ORGANIZATION (REORGANIZATION AUTHORITIES FOR SYSTEM INSTITUTIONS)

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 2011; 12 USC 2243; 12 USC 2244; 12 USC 2252; 12 
USC 2279a to 2279f-1; 12 USC 2279aa5(e); 12 USC 2021; 12 USC 2071; 12 
USC 2091; 12 USC 2121; 12 USC 2142; 12 USC 2183; 12 USC 2203; 12 USC 
2209

CFR Citation: 12 CFR 611; 12 CFR 614

Legal Deadline: None

Abstract: This rulemaking would establish regulations under which a 
bank or large association within the System can terminate its charter 
as provided by the Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/05/99                    64 FR 60370
NPRM Comment Period End         02/03/00
Supplemental NPRM               02/03/00                     65 FR 5286
Comment Period End              03/06/00
Second NPRM                     08/20/01                    66 FR 43536

[[Page 34087]]

Second NPRM Comment Period End  10/19/01
Final Rule                      04/12/02                    67 FR 17907

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
_______________________________________________________________________




3673. ELECTRONIC COMMERCE; DISCLOSURE TO SHAREHOLDERS (E-COMMERCE)

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 2243; 5 USC 301; 12 USC 2252; 12 USC 2254; 12 
USC 2279aa-11

CFR Citation: 12 CFR 609; 12 CFR 620

Legal Deadline: None

Abstract: This regulation would amend existing and adopt new 
regulations to enhance electronic commerce in the Farm Credit System.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/22/01                    66 FR 53348
NPRM Comment Period End         11/21/01
Final Rule                      04/08/02                    67 FR 16627

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Regulations 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-AC02
_______________________________________________________________________


Farm Credit Administration (FCA)                      Long-Term Actions


  



_______________________________________________________________________




3674. ORGANIZATION AND FUNCTIONS (FCA ORGANIZATION)

Priority: Info./Admin./Other

CFR Citation: 12 CFR 600

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                       To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Edward Donnelly
Phone: 703 883-4450
TDD Phone: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB82
_______________________________________________________________________


Farm Credit Administration (FCA)                      Completed Actions


  



_______________________________________________________________________




3675. LOAN POLICIES AND OPERATIONS; FUNDING AND FISCAL AFFAIRS, LOAN 
POLICIES AND OPERATIONS, AND FUNDING OPERATIONS (LOAN PURCHASES AND 
SALES)

Priority: Other Significant

CFR Citation: 12 CFR 614; 12 CFR 615

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      01/10/02                     67 FR 1281
Final Rule Effective            03/04/02                     67 FR 9581

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Dennis K. Carpenter
Phone: 703 883-4498
TDD Phone: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

Mark L. Johansen
Phone: 703 883-4498
TDD Phone: 703 883-4444
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB93
_______________________________________________________________________




3676. LOAN POLICIES AND OPERATIONS (LOANS TO DESIGNATED PARTIES)

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 614

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Second NPRM Comment Period End  10/18/01
Withdrawn                       03/12/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Tong-Ching Chang

[[Page 34088]]

Phone: 703 883-4498

RIN: 3052-AB98
[FR Doc. 02-7693 Filed 05-10-02; 8:45 am]
BILLING CODE 6705-01-S
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