[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 L





Farm Credit Administration





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Semiannual Regulatory Agenda

[[Page 31298]]



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 12 months following publication.

FOR FURTHER INFORMATION CONTACT: Cindy R. Nicholson, Technical Editor, 
Office of the Board, Farm Credit Administration, 1501 Farm Credit 
Drive, McLean, VA 22102, (703) 883-4125, TTY (703) 883-4056.

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 14, 2003.

 Jeanette C. Brinkley,

Secretary, Farm Credit Administration Board.

                                    Farm Credit Administration--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3833        Loan Policies and Operations--Loan Syndication Transactions.........................     3052-AC13
3834        Eligibility and Scope of Financing--Scope of Lending................................     3052-AC20
----------------------------------------------------------------------------------------------------------------


                                 Farm Credit Administration--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3835        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations--       3052-AB92
            Investments in Rural America........................................................
3836        Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and              3052-AB96
            Operations and Funding Operations--OFI Lending......................................
3837        Eligibility and Scope of Financing; Loan Policies and Operations; General                3052-AC06
            Provisions--Credit and Related Services.............................................
3838        Loan Policies and Operations--Young, Beginning, and Small Farmers and Ranchers......     3052-AC07
3839        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations;        3052-AC08
            Capital Adequacy--Leverage Ratio....................................................
3840        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations;        3052-AC09
            Capital Adequacy--Risk-Weighting Revisions..........................................
3841        Regulatory Burden...................................................................     3052-AC15
3842        Federal Agricultural Mortgage Corporation--Farmer Mac Risk-Based Capital Standards..     3052-AC17
3843        Federal Agricultural Mortgage Corporation--Farmer Mac Non-Program Investments and        3052-AC18
            Liquidity...........................................................................
3844        Standards of Conduct; Definitions; Disclosure to Shareholders; Rules of Practice and     3052-AC19
            Procedure--Governance, Conflict of Interest, Compensation Disclosure, and Audit
            Committee Standards.................................................................
----------------------------------------------------------------------------------------------------------------


                                  Farm Credit Administration--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3845        Loan Policies and Operations--Distressed Loan Restructuring.........................     3052-AB69
3846        Loan Policies and Operations--Effective Interest Rate Disclosure....................     3052-AC04
----------------------------------------------------------------------------------------------------------------


                                  Farm Credit Administration--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3847        Organization and Functions--FCA Organization........................................     3052-AB82

[[Page 31299]]

 
3848        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations;        3052-AC05
            Capital Adequacy--Technical Amendments..............................................
3849        Disclosure to Shareholders; Accounting and Reporting Requirements--Disclosure and        3052-AC11
            Reporting Requirements..............................................................
3850        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations;        3052-AC14
            Capital Adequacy--ABS and MBS Investments...........................................
3851        Title IV Conservators, Receivers, and Voluntary Liquidations; Joint and Several          3052-AC16
            Liability--Priority of Claims.......................................................
----------------------------------------------------------------------------------------------------------------


                                  Farm Credit Administration--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3852        Federal Agricultural Mortgage Corporation--Farmer Mac Regulation and Oversight......     3052-AC10
3853        Rules of Practice and Procedure--Adjusting Civil Money Penalties for Inflation......     3052-AC12
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


Farm Credit Administration (FCA)                          Prerule Stage






_______________________________________________________________________




3833. [bull] LOAN POLICIES AND OPERATIONS--LOAN SYNDICATION TRANSACTIONS

Priority: Other Significant

Legal Authority: 12 USC 2252

CFR Citation: 12 CFR 614

Legal Deadline: None

Abstract: This notice would solicit comment on FCA's regulatory 
interpretation that a loan syndication is an ``interest'' in a loan and 
the agency's proper regulatory treatment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Notice                          01/17/03                     68 FR 2540
Comment Period End              02/18/03
Comment Period Extended         02/25/03                     68 FR 8764
Comment Period End              04/21/03
Comment Period Extended         04/21/03                    68 FR 19538
Comment Period End              06/20/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Office of the Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

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: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC13
_______________________________________________________________________




3834. [bull] ELIGIBILITY AND SCOPE OF FINANCING--SCOPE OF LENDING

Priority: Other Significant

Legal Authority: 12 USC 2013; 12 USC 2015; 12 USC 2017; 12 USC 2018; 12 
USC 2019; ...

CFR Citation: 12 CFR 613

Legal Deadline: None

Abstract: This rulemaking would respond to a petition from the FCS and 
help determine if regulatory changes are needed to section 613.3005, 
Lending Objective of Existing Eligibility and Scope of Financing 
regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/00/03
Public Hearing                  06/00/03
NPRM                            03/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Office of the Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

Agency Contact: Mark L. Johansen, Policy Analyst, Farm Credit 
Administration, 1501 Farm Credit Drive, McLean, VA 22102-5090
Phone: 703 883-4498
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC20

[[Page 31300]]

_______________________________________________________________________


Farm Credit Administration (FCA)                    Proposed Rule Stage






_______________________________________________________________________




3835. 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 would develop safety and soundness standards 
and other criteria for investments in rural America.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Office of the Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

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: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB92
_______________________________________________________________________




3836. LOAN POLICIES AND OPERATIONS; FUNDING AND FISCAL AFFAIRS, LOAN 
POLICIES AND OPERATIONS AND FUNDING OPERATIONS--OFI 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 address impediments for System funding 
of other financing institutions (OFIs), including the risk weightings 
of OFI loans made by System banks and borrower rights applicable to 
loans made by 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                            07/00/03
Final Rule                      02/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Office of the Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

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: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB96
_______________________________________________________________________




3837. ELIGIBILITY AND SCOPE OF FINANCING; LOAN POLICIES AND 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; 12 CFR 614; 12 CFR 618

Legal Deadline: None

Abstract: This rulemaking would amend regulations to provide guidance, 
address regulatory burden comments, and incorporate statutory changes 
provided by the 2002 Farm Bill.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/03
Final Rule                      12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Office of the Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

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: 703 883-4434
Fax: 703 734-5784

[[Page 31301]]

Email: [email protected]

RIN: 3052-AC06
_______________________________________________________________________




3838. LOAN POLICIES AND OPERATIONS--YOUNG, BEGINNING, AND SMALL FARMERS 
AND RANCHERS

Priority: Other Significant

Legal Authority: 12 USC 2207

CFR Citation: 12 CFR 614

Legal Deadline: None

Abstract: This rulemaking would enhance the System's service to 
borrowers who are young, beginning, and small farmers and ranchers and 
the System's reporting on young, beginning, and small farmers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           09/23/02                    67 FR 59479
ANPRM Comment Period End        12/23/02
Notice of Public Meeting        10/18/02                    67 FR 64320
NPRM                            07/00/03
Final Rule                      03/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Office of the Board, 703-883-4125, [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

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: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC07
_______________________________________________________________________




3839. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS; CAPITAL ADEQUACY--LEVERAGE RATIO

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; 12 USC 
2279aa-8; ...

CFR Citation: 12 CFR 615

Legal Deadline: None

Abstract: This rulemaking would review the net collateral ratio 
requirements for Farm Credit banks and consider a capital leverage 
ratio for other Farm Credit System institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Office of the Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

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
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC08
_______________________________________________________________________




3840. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS; CAPITAL ADEQUACY--RISK-WEIGHTING REVISIONS

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-10; 12 USC 2279aa-12; ...

CFR Citation: 12 CFR 615

Legal Deadline: None

Abstract: This regulation would revise capital risk weightings of 
assets consistent with the other Federal bank regulatory agencies and 
other risk-weighting issues affecting System institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/03
Final Rule                      02/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Office of the Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

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: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC09

[[Page 31302]]

_______________________________________________________________________




3841. [bull] REGULATORY BURDEN

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 2252

CFR Citation: 12 CFR 600 to 650

Legal Deadline: None

Abstract: In support of section 212(b) of the Farm Credit System Reform 
Act of 1996 and FCA's Policy Statement on Regulatory Philosophy, this 
notice would solicit comments for the removal or revision of outdated, 
unnecessary, or burdensome regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Notice                          05/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Office of the Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

Agency Contact: Lori Markowitz, Policy and Financial Analyst, Farm 
Credit Administration, 1501 Farm Credit Drive, McLean, VA 20102-5090
Phone: 703 883-4498
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC15
_______________________________________________________________________




3842. [bull] FEDERAL AGRICULTURAL MORTGAGE CORPORATION--FARMER MAC RISK-
BASED CAPITAL STANDARDS

Priority: Other Significant

Legal Authority: 12 USC 2183; 12 USC 2243; 12 USC 2252; 12 USC 2279aa-
11; 12 USC 2279bb; ...

CFR Citation: 12 CFR 650

Legal Deadline: None

Abstract: This rulemaking would revise and clarify existing risk-based 
capital regulatory standards for Farmer Mac.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Office of the Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

Agency Contact: Thomas G. McKenzie, Director, Office of Secondary 
Market Oversight, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, VA 22102-5090
Phone: 703 883-4280
TDD Phone: 703 883-4434
Fax: 703 883-4477
Email: [email protected]

RIN: 3052-AC17
_______________________________________________________________________




3843. [bull] FEDERAL AGRICULTURAL MORTGAGE CORPORATION--FARMER MAC NON-
PROGRAM INVESTMENTS AND LIQUIDITY

Priority: Other Significant

Legal Authority: 12 USC 2183; 12 USC 2243; 12 USC 2252; 12 USC 2279aa-
11; 12 USC 2279bb; ...

CFR Citation: 12 CFR 650

Legal Deadline: None

Abstract: This rulemaking would propose liquidity standards and 
regulatory limits for non-mission investments permitted for Farmer Mac.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Office of the Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

Agency Contact: Thomas G. McKenzie, Director, Office of Secondary 
Market Oversight, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, VA 22102-5090
Phone: 703 883-4280
TDD Phone: 703 883-4434
Fax: 703 883-4477
Email: [email protected]

RIN: 3052-AC18
_______________________________________________________________________




3844. [bull] STANDARDS OF CONDUCT; DEFINITIONS; DISCLOSURE TO 
SHAREHOLDERS; RULES OF PRACTICE AND PROCEDURE--GOVERNANCE, CONFLICT OF 
INTEREST, COMPENSATION DISCLOSURE, AND AUDIT COMMITTEE STANDARDS

Priority: Other Significant

Legal Authority: 12 USC 2243; 12 USC 2252; 12 USC 2254; 12 USC 2013; 12 
USC 2019; ...

CFR Citation: 12 CFR 612; 12 CFR 618; 12 CFR 620; 12 CFR 622

Legal Deadline: None

Abstract: This rulemaking would review governance of FCS institutions 
for enhanced independent and objective oversight of management and 
operations; would prohibit the employment of persons by FCS 
institutions that either failed to perform or have violated their 
fiduciary duties; would enhance disclosure requirements for FCS 
institution employees and directors who receive compensation from other 
entities; and would review the audit committee requirements for FCS 
institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 31303]]

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Office of the Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

Agency Contact: Robert Andros, Senior Economist, Farm Credit 
Administration, 1501 Farm Credit Drive, McLean, VA 22102-5090
Phone: 703 883-4498
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC19
_______________________________________________________________________


Farm Credit Administration (FCA)                       Final Rule Stage






_______________________________________________________________________




3845. 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 certain provisions of the 
borrower rights regulations and address regulatory burden comments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/04/03                     68 FR 5595
NPRM Comment Period End         04/07/03
Final Rule                      01/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Office of Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

Agency Contact: Mark L. Johansen, Policy Analyst, Farm Credit 
Administration, 1501 Farm Credit Drive, McLean, VA 22102-5090
Phone: 703 883-4498
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB69
_______________________________________________________________________




3846. 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 
Farm Credit Act of 1971, as amended.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/04/03                     68 FR 5587
NPRM Comment Period End         03/06/03
Final Rule                      01/00/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Office of the Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

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
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC04
_______________________________________________________________________


Farm Credit Administration (FCA)                      Long-Term Actions






_______________________________________________________________________




3847. 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

[[Page 31304]]

Phone: 703 883-4498
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB82
_______________________________________________________________________




3848. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS; CAPITAL ADEQUACY--TECHNICAL AMENDMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 615

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/22/02                    67 FR 64833
NPRM Comment Period End         11/21/02
Final Rule                      04/16/03                    68 FR 18532
Final Rule Effective             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Laurie A. Rea
Phone: 703 883-4498
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC05
_______________________________________________________________________




3849. DISCLOSURE TO SHAREHOLDERS; ACCOUNTING AND REPORTING 
REQUIREMENTS--DISCLOSURE AND REPORTING REQUIREMENTS

Priority: Other Significant

CFR Citation: 12 CFR 620; 12 CFR 621

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Edward Donnelly
Phone: 703 883-4498
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC11
_______________________________________________________________________




3850. [bull] FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, 
AND FUNDING OPERATIONS; CAPITAL ADEQUACY--ABS AND MBS INVESTMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 2013; 12 USC 2015; 12 USC 2018 to 2020; 12 USC 
2073 to 2076; 12 USC 2093; ...

CFR Citation: 12 CFR 615

Legal Deadline: None

Abstract: This rulemaking would revise capital risk weightings of 
asset-backed securities and mortgage-backed securities (ABS/MBS) 
consistent with the other Federal bank regulatory agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/28/03                    68 FR 15045
Interim Final Rule Comment 
Period End                      04/28/03


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, Office of the Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

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: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC14
_______________________________________________________________________




3851. [bull] TITLE IV CONSERVATORS, RECEIVERS, AND VOLUNTARY 
LIQUIDATIONS; JOINT AND SEVERAL LIABILITY--PRIORITY OF CLAIMS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 2183; 12 USC 2243; 12 USC 2244; 12 USC 2252; 12 
USC 2277a; ...

CFR Citation: 12 CFR 627

Legal Deadline: None

Abstract: This rulemaking would respond to a regulatory petition to 
change priority of claims from FCS banks under their joint and several 
obligation for debt issuances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Begin Review                    04/25/03


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, Office of the Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

Agency Contact: Robert Edward Donnelly, Senior Accountant, Farm Credit 
Administration, Office of Policy and Analysis, 1501 Farm Credit Drive, 
McLean, VA 22102-5090
Phone: 703 883-4498
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC16

[[Page 31305]]

_______________________________________________________________________


Farm Credit Administration (FCA)                      Completed Actions






_______________________________________________________________________




3852. FEDERAL AGRICULTURAL MORTGAGE CORPORATION--FARMER MAC REGULATION 
AND OVERSIGHT

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 650

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Begin Review                    10/01/02
End Review                      02/19/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Thomas G. McKenzie
Phone: 703 883-4280
TDD Phone: 703 883-4434
Fax: 703 883-4477
Email: [email protected]

RIN: 3052-AC10
_______________________________________________________________________




3853. [bull] RULES OF PRACTICE AND PROCEDURE--ADJUSTING CIVIL MONEY 
PENALTIES FOR INFLATION

Priority: Substantive, Nonsignificant

Legal Authority: 28 USC 2641 note; 12 USC 2268; 12 USC 2269

CFR Citation: 12 CFR 622

Legal Deadline: None

Abstract: This rulemaking would amend the civil money penalty amounts, 
consistent with 28 U.S.C. 2641 note.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      11/14/02                    67 FR 68931
Final Rule Effective            11/15/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: FEDERAL REGISTER LIAISON: Cindy R. Nicholson, 
Technical Editor, Office of the Board, 703-883-4125, [email protected]
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: [email protected]
REGULATION COMMENTS: [email protected]

URL For More Information:
http://www.fca.gov/handbook

URL For Public Comments:
http://www.fca.gov/handbook

Agency Contact: Mark L. Johansen, Policy Analyst, Farm Credit 
Administration, 1501 Farm Credit Drive, McLean, VA 22102-5090
Phone: 703 883-4498
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC12
[FR Doc. 03-7430 Filed 05-23-03; 8:45 am]
BILLING CODE 6705-01-S