[Federal Register: March 21, 2001 (Volume 66, Number 55)]
[Proposed Rules]
[Page 15814]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr21mr01-18]
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Proposed Rules
Federal Register
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This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
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[[Page 15814]]
FARM CREDIT ADMINISTRATION
12 CFR Parts 611, 618, 620
RIN 3052-AC03
Organization; General Provisions; Disclosure to Shareholders
AGENCY: Farm Credit Administration.
ACTION: Proposed rule; comment period extension.
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SUMMARY: The Farm Credit Administration (FCA) Board extends the comment
period on the proposed rule that would provide procedures for a Farm
Credit System (FCS) direct lender association to request a national
charter. The FCA Board extends the comment period on the proposed rule
for 30 more days so interested parties have additional time to provide
comments.
DATES: Please send your comments to us on or before April 20, 2001.
ADDRESSES: You may submit comments via electronic mail to ``reg-
comm@fca.gov'' or through the Pending Regulations section of our Web
site at www.fca.gov. You may also mail or deliver written comments to
Thomas G. McKenzie, Director, Regulation and Policy Division, Office of
Policy and Analysis, Farm Credit Administration, 1501 Farm Credit
Drive, McLean, Virginia 22102-5090 or send them by facsimile
transmission to (703) 734-5784. You may review copies of all comments
we receive in the Office of Policy and Analysis, Farm Credit
Administration.
FOR FURTHER INFORMATION CONTACT:
S. Robert Coleman, Senior Policy Analyst, Office of Policy and
Analysis, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-
4498, TDD (703) 883-4444, or
Jennifer A. Cohn, Senior Attorney, Office of General Counsel, Farm
Credit Administration, McLean, VA 22102-5090, (703) 883-4020, TDD (703)
883-4444.
SUPPLEMENTARY INFORMATION: On February 16, 2001, the FCA published a
proposed rule that would amend its regulations to provide procedures
for requesting national charters. See 66 FR 10639. The proposed rule
would also require each association with a national charter to extend
sound and constructive credit to eligible and creditworthy customers in
its Local Service Area. In addition, the FCA proposed to establish
controls through new business planning requirements for an association
with a national charter. These new requirements will help strengthen
the safety and soundness of the FCS. These requirements will also help
ensure that the FCS continues to meet its public policy mission to
provide adequate, dependable, and competitive credit and related
services to agriculture and rural America. The comment period was
scheduled to close on March 19, 2001. In response to several requests,
we now extend the comment period for an additional 30 days, so you will
have more time to comment.
Dated: March 16, 2001.
Jeanette P. Brinkley,
Acting Secretary, Farm Credit Administration Board.
[FR Doc. 01-7047 Filed 3-20-01; 8:45 am]
BILLING CODE 6705-01-P