[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]


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Part XLIX





Farm Credit Administration





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Semiannual Regulatory Agenda

[[Page 74110]]



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 Secretary to 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: September 24,2004.

 Jeanette C. Brinkley,

Secretary, Farm Credit Administration Board.

                                    Farm Credit Administration--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3831        Regulatory Burden.....................................................................    3052-AC15
3832        Title IV Conservators, Receivers, and Voluntary Liquidations; Joint and Several           3052-AC16
            Liability--Priority of Claims.........................................................
3833        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations--        3052-AC25
            Capital Adequacy-Basel Accord.........................................................
3834        Assessment and Apportionment of Administrative Expenses--Assessment of FCA Expenses...    3052-AC27
----------------------------------------------------------------------------------------------------------------


                                 Farm Credit Administration--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3835        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations--        3052-AB92
            Investments in Rural America..........................................................
3836        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations;         3052-AC09
            Capital Adequacy--Risk-Weighting Revisions............................................
3837        Disclosure to Shareholders; Accounting and Reporting Requirements--Disclosure and         3052-AC11
            Reporting Requirements................................................................
3838        Federal Agricultural Mortgage Corporation--Farmer Mac Risk-Based Capital Standards....    3052-AC17
3839        Organization; Standards of Conduct; Loan Policies and Operations; Funding and Fiscal      3052-AC19
            Affairs, Loan Policies and Operations, and Funding Opers.; Gen. Provisions;
            Definitions; Disclosure to Shareholders...............................................
3840        Eligibility and Scope of Financing--Scope of Lending..................................    3052-AC20
3841        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations--        3052-AC22
            Investments, Liquidity, and Divestiture...............................................
3842        Borrower Rights.......................................................................    3052-AC24
3843        Title IV Conservators, Receivers, and Voluntary Liquidations--Receivership Repudiation    3052-AC26
            Authorities...........................................................................
----------------------------------------------------------------------------------------------------------------


                                  Farm Credit Administration--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3844        Federal Agricultural Mortgage Corporation--Farmer Mac Nonprogram Investments and          3052-AC18
            Liquidity.............................................................................
3845        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations--        3052-AC21
            Capital Adequacy-Preferred Stock......................................................
3846        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations--        3052-AC23
            Investments in Farmers' Notes.........................................................
----------------------------------------------------------------------------------------------------------------


[[Page 74111]]


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


                                  Farm Credit Administration--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3848        Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and               3052-AB96
            Operations, and Funding Operations--OFI Lending.......................................
3849        Eligibility and Scope of Financing; Loan Policies and Operations; General Provisions--    3052-AC06
            Credit and Related Services...........................................................
3850        Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations;         3052-AC08
            Capital Adequacy--Leverage Ratio......................................................
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


Farm Credit Administration (FCA)                          Prerule Stage






_______________________________________________________________________




3831. REGULATORY BURDEN

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 2252

CFR Citation: 12 CFR 600 to 650

Legal Deadline: None

Abstract: This action would end our evaluation of comments received 
from our earlier solicitation on the removal or revision of outdated, 
unnecessary, or burdensome regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Notice                          05/16/03                    68 FR 26551
Comment Period End              07/15/03
Begin Review                    10/15/03
End Review                      01/00/05

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 Secretary to the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

URL For Public Comments:
[email protected]

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
_______________________________________________________________________




3832. 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 the priority of claims from System banks under their joint and 
several obligations for debt issuances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Begin Review                    04/25/03
End Review                      12/00/04
NPRM                            08/00/05

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 Secretary to the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

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

RIN: 3052-AC16
_______________________________________________________________________




3833.  FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND 
OPERATIONS, AND FUNDING OPERATIONS--CAPITAL ADEQUACY-BASEL ACCORD

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

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

CFR Citation: 12 CFR 615

Legal Deadline: None

Abstract: This review would assess the impact of proposed changes to 
the Basel Accord and consider the approaches of the other banking 
regulatory agencies, including changes to capital adequacy requirements 
for the System.

[[Page 74112]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Begin Review                    11/00/04

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 Secretary to the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

URL For Public Comments:
[email protected]

Agency Contact: Tong--Ching Chang, Senior Policy Analyst, Office of 
Policy and Analysis, Farm Credit Administration, 1501 Farm Credit 
Drive, McLean, VA 22102
Phone: 703 883-4498
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC25
_______________________________________________________________________




3834.  ASSESSMENT AND APPORTIONMENT OF ADMINISTRATIVE 
EXPENSES--ASSESSMENT OF FCA EXPENSES

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

Legal Authority: 12 USC 2250; 12 USC 2252

CFR Citation: 12 CFR 607

Legal Deadline: None

Abstract: This action would review regulatory options for assessment 
and apportionment of Farm Credit Administration administrative expenses 
on System institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Begin Review                    02/00/05

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 Secretary to the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

URL For Public Comments:
[email protected]

Agency Contact: S. Robert Coleman, Director, Regulation and Policy 
Division, Office of Policy and Analysis, Farm Credit Administration, 
1501 Farm Credit Drive, McLean, VA 22102-5090
Phone: 703 883-4498
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC27
_______________________________________________________________________


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 review would consider possible partnerships and 
investment opportunities for the System to increase the availability of 
funds to agriculture and rural America.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Begin Review                    03/15/04
End Review                      09/30/04
NPRM                            07/00/05

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 Secretary to the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

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

RIN: 3052-AB92
_______________________________________________________________________




3836. 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 
address other risk-weighting issues affecting System institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/06/04                    69 FR 47984

[[Page 74113]]

NPRM Comment Period End         11/04/04
Final Rule                      05/00/05

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 Secretary to the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

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

RIN: 3052-AC09
_______________________________________________________________________




3837. DISCLOSURE TO SHAREHOLDERS; ACCOUNTING AND REPORTING 
REQUIREMENTS--DISCLOSURE AND REPORTING REQUIREMENTS

Priority: Other Significant

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

CFR Citation: 12 CFR 620; 12 CFR 621

Legal Deadline: None

Abstract: This rulemaking would consider regulatory changes for 
disclosure and reporting requirements for Farm Credit System 
institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

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 Secretary to the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

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

RIN: 3052-AC11
_______________________________________________________________________




3838. 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 change certain aspects of the 
regulatory risk-based capital standards for Farmer Mac and propose 
revisions for capital adequacy planning requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/05
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, Office of the Secretary to the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

URL For Public Comments:
[email protected]

Agency Contact: Joe Connor, Senior Policy Analyst, Office of Secondary 
Market Oversight, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, VA 22102
Phone: 703 883-4280
Fax: 703 883-4477
Email: [email protected]

RIN: 3052-AC17
_______________________________________________________________________




3839. ORGANIZATION; STANDARDS OF CONDUCT; LOAN POLICIES AND OPERATIONS; 
FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING 
OPERS.; GEN. PROVISIONS; DEFINITIONS; DISCLOSURE TO SHAREHOLDERS

Priority: Other Significant

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

CFR Citation: 12 CFR 611; 12 CFR 612; 12 CFR 615; 12 CFR 618; 12 CFR 
619; 12 CFR 620; 12 CFR 630; 12 CFR 614

Legal Deadline: None

Abstract: This rulemaking would amend the governance of FCS 
institutions for enhanced oversight of management and operations; 
enhance disclosure requirements for FCS institution employees and 
directors who receive compensation from other entities; and require 
audit committee standards and compensation committee for all FCS 
lending institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/05
Final Rule                      09/00/05

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 Secretary to the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

URL For Public Comments:
[email protected]

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
_______________________________________________________________________




3840. ELIGIBILITY AND SCOPE OF FINANCING--SCOPE OF LENDING

Priority: Other Significant

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

[[Page 74114]]

CFR Citation: 12 CFR 613

Legal Deadline: None

Abstract: This rulemaking would revise regulations governing 
eligibility and scope of lending for farmers and ranchers and how 
``moderately priced'' rural housing limits are determined.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/02/03                    68 FR 23425
Public Hearing                  05/02/03                    68 FR 23425
Comment Period Extended         07/29/03                    68 FR 44490
ANPRM Comment Period End        07/31/03
Comment Period End              10/29/03
NPRM                            08/00/05

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 Secretary to the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

URL For Public Comments:
[email protected]

Agency Contact: Mark L. Johansen, Senior 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
_______________________________________________________________________




3841. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS--INVESTMENTS, LIQUIDITY, AND DIVESTITURE

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 615

Legal Deadline: None

Abstract: This regulation would modify current investment eligibility 
criteria, portfolio limits, and liquidity requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/04
Final Rule                      08/00/05

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 Secretary to the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

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

RIN: 3052-AC22
_______________________________________________________________________




3842.  BORROWER RIGHTS

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

Legal Authority: 12 USC 2199; 12 USC 2200 to 2202; 12 USC 2202a; 12 USC 
2202c to 2202e; 12 USC 2219e; 12 USC 2243; 12 USC 2252

CFR Citation: 12 CFR 617

Legal Deadline: None

Abstract: This rulemaking would consider regulatory changes to provide 
an option to borrowers who want their loans to be syndicated to waive 
certain borrower rights.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/04

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 Secretary to the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

URL For Public Comments:
[email protected]">[email protected]

Agency Contact: Mark L. Johansen, Senior 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-AC24
_______________________________________________________________________




3843.  TITLE IV CONSERVATORS, RECEIVERS, AND VOLUNTARY 
LIQUIDATIONS--RECEIVERSHIP REPUDIATION AUTHORITIES

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

Legal Authority: 12 USC 2183; 12 USC 2243; 12 USC 2244; 12 USC 2252; 12 
USC 2277a; 12 USC 2277a-7

CFR Citation: 12 CFR 627

Legal Deadline: None

Abstract: This rulemaking would amend existing FCA receivership 
regulations to clarify certain circumstances where the receiver would 
not use its repudiation authorities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/05

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 Secretary of the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

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

RIN: 3052-AC26

[[Page 74115]]

_______________________________________________________________________


Farm Credit Administration (FCA)                       Final Rule Stage






_______________________________________________________________________




3844. FEDERAL AGRICULTURAL MORTGAGE CORPORATION--FARMER MAC NONPROGRAM 
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 nonprogram investments permitted for Farmer Mac.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/14/04                    69 FR 32905
NPRM Comment Period End         09/13/04
Final Rule                      07/00/05

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 Secretary to the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

URL For Public Comments:
[email protected]

Agency Contact: Joe Connor, Senior Policy Analyst, Office of Secondary 
Market Oversight, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, VA 22102
Phone: 703 883-4280
Fax: 703 883-4477
Email: [email protected]

RIN: 3052-AC18
_______________________________________________________________________




3845. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS--CAPITAL ADEQUACY-PREFERRED STOCK

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 615

Legal Deadline: None

Abstract: This regulation would establish safety and soundness 
parameters on the issuance of preferred stock and establish regulatory 
controls to ensure fair and equitable treatment of all shareholders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/04/04                    69 FR 31541
NPRM Comment Period End         08/03/04
Final Rule                      06/00/05

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 Secretary to the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

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

RIN: 3052-AC21
_______________________________________________________________________




3846. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS--INVESTMENTS IN FARMERS' NOTES

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

CFR Citation: 12 CFR 615

Legal Deadline: None

Abstract: This rule would amend existing regulations to make credit 
more available to non-System lenders who make agricultural loans and to 
enterprises who sell agricultural supplies, equipment, and other 
capital goods on credit to farmers and ranchers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/14/04                    69 FR 55362
NPRM Comment Period End         10/14/04
Comment Period Extended         10/25/04                    69 FR 62226
Comment Period Extended End     11/24/04
Final Rule                      03/00/05

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 Secretary to the Board, (703) 883-4125, 
[email protected]

URL For More Information:
www.fca.gov

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

RIN: 3052-AC23

[[Page 74116]]

_______________________________________________________________________


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

Small Entities Affected: 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-AB82
_______________________________________________________________________


Farm Credit Administration (FCA)                      Completed Actions






_______________________________________________________________________




3848. LOAN POLICIES AND OPERATIONS; FUNDING AND FISCAL AFFAIRS, LOAN 
POLICIES AND OPERATIONS, AND FUNDING OPERATIONS--OFI LENDING

Priority: Other Significant

CFR Citation: 12 CFR 614; 12 CFR 615

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      05/26/04                    69 FR 29852
Final Rule Effective            07/28/04                    69 FR 44925

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Dennis K. Carpenter
Phone: 703 883-4498
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AB96
_______________________________________________________________________




3849. ELIGIBILITY AND SCOPE OF FINANCING; LOAN POLICIES AND OPERATIONS; 
GENERAL PROVISIONS--CREDIT AND RELATED SERVICES

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 613; 12 CFR 614; 12 CFR 618

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      07/21/04                    69 FR 43511
Final Rule Effective            11/19/04                    69 FR 68767

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Dale L. Aultman
Phone: 703 883-4498
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC06
_______________________________________________________________________




3850. FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND 
FUNDING OPERATIONS; CAPITAL ADEQUACY--LEVERAGE RATIO

Priority: Other Significant

CFR Citation: 12 CFR 615

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn--This Issue Will Be 
Combined with the Basel Accord 
Issue in 3052-AC25              09/09/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tong--Ching Chang
Phone: 703 883-4498
TDD Phone: 703 883-4434
Fax: 703 734-5784
Email: [email protected]

RIN: 3052-AC08
[FR Doc. 04-23084 Filed 12-10-04; 8:45 am]
BILLING CODE 6705-01-S