Unified Agenda

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 2001 through October 2001.

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:

February 23, 2001.

Kelly Mikel Williams, Secretary, Farm Credit Administration Board.

Farm Credit Administration—Proposed Rule Stage

Sequence Number Title Regulation Identification Number
4088 Loan Policies and Operations (Comprehensive Borrower Rights) 3052-AB69

4089 Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and Operations and Funding Operations (OFIs—Lending) 3052-AB96

4090 Loan Policies and Operations (Loans to Designated Parties) 3052-AB98

4091 Electronic Commerce 3052-AC02

Farm Credit Administration—Proposed Rule Stage
Sequence Number	Title	Regulation Identification Number
4088	Loan Policies and Operations (Comprehensive Borrower Rights)	3052-AB69
4089	Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and Operations and Funding Operations (OFIs—Lending)	3052-AB96
4090	Loan Policies and Operations (Loans to Designated Parties)	3052-AB98
4091	Electronic Commerce	3052-AC02

Farm Credit Administration—Final Rule Stage

Sequence Number Title Regulation Identification Number
4092 Federal Agricultural Mortgage Corporation Risk-Based Capital Regulation 3052-AB56

4093 Organization (Reorganization Authorities for System Institutions) 3052-AB86

4094 Eligibility and Scope of Financing 3052-AB90

4095 Organization; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations (Stock Issuance) 3052-AB91

4096 Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations (Loan Purchases and Sales) 3052-AB93

4097 Disclosure to Shareholders (Annual Report) 3052-AB94

4098 Organization (Stockholder Vote on Like-Lending Authority) 3052-AC00

4099 Organization; General Provisions; Disclosure to Shareholders 3052-AC03

Farm Credit Administration—Final Rule Stage
Sequence Number	Title	Regulation Identification Number
4092	Federal Agricultural Mortgage Corporation Risk-Based Capital Regulation	3052-AB56
4093	Organization (Reorganization Authorities for System Institutions)	3052-AB86
4094	Eligibility and Scope of Financing	3052-AB90
4095	Organization; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations (Stock Issuance)	3052-AB91
4096	Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations (Loan Purchases and Sales)	3052-AB93
4097	Disclosure to Shareholders (Annual Report)	3052-AB94
4098	Organization (Stockholder Vote on Like-Lending Authority)	3052-AC00
4099	Organization; General Provisions; Disclosure to Shareholders	3052-AC03

Farm Credit Administration—Long-Term Actions

Sequence Number Title Regulation Identification Number
4100 Organization and Functions (FCA Organization) 3052-AB82

4101 Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations (Mission-Related Investments) 3052-AB92

Farm Credit Administration—Long-Term Actions
Sequence Number	Title	Regulation Identification Number
4100	Organization and Functions (FCA Organization)	3052-AB82
4101	Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations (Mission-Related Investments)	3052-AB92

FARM CREDIT ADMINISTRATION (FCA)

Proposed Rule Stage

4088. LOAN POLICIES AND OPERATIONS (COMPREHENSIVE BORROWER RIGHTS)

Agency:

Farm Credit Administration (FCA)

Priority:

Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

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; 12 USC 2014; 12 USC 2015; 12 USC 2017; 12 USC 2018; 12 USC 2071; 12 USC 2073; 12 USC 2074

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 614

Legal Deadline:

None

Abstract:

This rulemaking would clarify the borrower rights regulations and remove unnecessary burdens.

Timetable:

Action Date FR Cite

NPRM 01/00/02

Regulatory Flexibility Analysis Required:

Small Entities Affected:

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, nicholsonc@fca.gov
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: info-line@fca.gov
REGULATION COMMENTS: reg-comm@fca.gov

Agency Contact:

Eric Howard, Senior Policy Analyst, Office of Policy and Analysis, Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 22102-5090
Phone: 703 883-4498
TDD Phone: 703 883-4444
Fax: 703 734-5784
Email: howarde@fca.gov

RIN:

3052-AB69

4089. LOAN POLICIES AND OPERATIONS; FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS AND FUNDING OPERATIONS (OFIS—LENDING)

Agency:

Farm Credit Administration (FCA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 2011; 12 USC 2013; 12 USC 2014; 12 USC 2015; 12 USC 2017; 12 USC 2018; 12 USC 2019; 12 USC 2020; 12 USC 2071; 12 USC 2073; 12 USC 2074; 12 USC 2075; 12 USC 2076; 12 USC 2091; 12 USC 2093; 12 USC 2094; 12 USC 2097; 12 USC 2121; 12 USC 2122; 12 USC 2124; 12 USC 2128; 12 USC 2129; 12 USC 2131; 12 USC 2132; 12 USC 2141; 12 USC 2146; 12 USC 2149; 12 USC 2154; 12 USC 2154a; 12 USC 2160; 12 USC 2183; 12 USC 2184; 12 USC 2199; ...

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 614; 12 CFR 615

Legal Deadline:

None

Abstract:

The regulation would remove impediments for System funding of OFIs and change the current risk-weighting requirements for OFI direct loans.

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

NPRM 12/00/01

Regulatory Flexibility Analysis Required:

Small Entities Affected:

Government Levels Affected:

None

Additional Information:

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: carpenterd@fca.gov

RIN:

3052-AB96

4090. LOAN POLICIES AND OPERATIONS (LOANS TO DESIGNATED PARTIES)

Agency:

Farm Credit Administration (FCA)

Priority:

Other Significant

Legal Authority:

12 USC 2011; 12 USC 2013; 12 USC 2014; 12 USC 2015; 12 USC 2017; ...

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 614

Legal Deadline:

None

Abstract:

This regulation would provide Farm Credit System institutions greater flexibility concerning the approval of insider loans.

Timetable:

Action Date FR Cite

NPRM 03/17/00 65 FR 14491

NPRM Comment Period End 04/17/00
Second NPRM 07/00/01

Regulatory Flexibility Analysis Required:

Small Entities Affected:

Government Levels Affected:

None

Additional Information:

Agency Contact:

RIN:

3052-AB98

4091. ELECTRONIC COMMERCE

Agency:

Farm Credit Administration (FCA)

Priority:

Substantive, Nonsignificant

Legal Authority:

Not Yet Determined

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

Not Yet Determined

Legal Deadline:

None

Abstract:

This regulation would amend existing and consider adopting new regulations so that electronic commerce in the System is not hindered. The project will review consumer protection, corporate restructuring, and disclosures to shareholders regulations to address such areas as the "Electronic Signatures Act" and the Government Paperwork Elimination Act.

Timetable:

Action Date FR Cite

NPRM 01/00/02

Regulatory Flexibility Analysis Required:

Small Entities Affected:

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, nicholsonc@fca.gov
AGENCY WEBSITE: www.fca.gov
PUBLIC AFFAIRS: info-line@fca.gov
REGULATION COMMENTS: reg-comm@fca.gov

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: aultmand@fca.gov

RIN:

3052-AC02

FARM CREDIT ADMINISTRATION (FCA)

Final Rule Stage

4092. FEDERAL AGRICULTURAL MORTGAGE CORPORATION RISK-BASED CAPITAL REGULATION

Agency:

Farm Credit Administration (FCA)

Priority:

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

Legal Authority:

12 USC 2279bb-1; 12 USC 2279aa-11(a)(1)(B)(ii)

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 650

Legal Deadline:

None

Abstract:

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

Timetable:

Action Date FR Cite

NPRM 11/12/99 64 FR 61740

Correction 01/11/00 65 FR 1676

NPRM Comment Period Extended 02/24/00 65 FR 9223

NPRM Comment Period End 06/12/00
Final Rule 04/12/01 66 FR 19048

Final Rule Effective 05/00/01

Regulatory Flexibility Analysis Required:

Small Entities Affected:

Government Levels Affected:

None

Additional Information:

Agency Contact:

Carl Clinefelter, Director, Office of Secondary Market Oversight, Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 22102-5090
Phone: 703 883-4280
TDD Phone: 703 883-4444
Fax: 703 883-5784
Email: clinefelterc@fca.gov

RIN:

3052-AB56

4093. ORGANIZATION (REORGANIZATION AUTHORITIES FOR SYSTEM INSTITUTIONS)

Agency:

Farm Credit Administration (FCA)

Priority:

Other Significant

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: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 611

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 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
Final Rule 05/00/01

Regulatory Flexibility Analysis Required:

Small Entities Affected:

Government Levels Affected:

None

Additional Information:

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: markowitza@fca.gov

RIN:

3052-AB86

4094. ELIGIBILITY AND SCOPE OF FINANCING

Agency:

Farm Credit Administration (FCA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 2013; 12 USC 2015; 12 USC 2017; 12 USC 2018; 12 USC 2019; 12 USC 2073; 12 USC 2075; 12 USC 2093; 12 USC 2122; 12 USC 2128; 12 USC 2129; 12 USC 2143; 12 USC 2206a; 12 USC 2211; 12 USC 2212; 12 USC 2213; 12 USC 2243; 12 USC 2252

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 613

Legal Deadline:

None

Abstract:

This rule would implement the Court of Appeals' ruling that changed the eligibility and scope of financing regulations for farm-related service businesses and rural homeowners.

Timetable:

Action Date FR Cite

Direct Final Rule 05/00/01

Regulatory Flexibility Analysis Required:

Small Entities Affected:

Government Levels Affected:

None

Additional Information:

Agency Contact:

Richard A. Katz, Senior Attorney, Farm Credit Administration, Office of General Counsel, 1501 Farm Credit Drive, McLean, VA 22102-5090
Phone: 703 883-4020
TDD Phone: 703 883-4444
Fax: 703 734-5784
Email: katzr@fca.gov

RIN:

3052-AB90

4095. ORGANIZATION; FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS (STOCK ISSUANCE)

Agency:

Farm Credit Administration (FCA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 2013; 12 USC 2015; 12 USC 2018; 12 USC 2019; 12 USC 2020; 12 USC 2021; 12 USC 2071; 12 USC 2073; 12 USC 2074; 12 USC 2075; 12 USC 2076; 12 USC 2091; 12 USC 2093; 12 USC 2121; 12 USC 2122; 12 USC 2128; 12 USC 2132; 12 USC 2142; 12 USC 2146; 12 USC 2154; 12 USC 2154a; 12 USC 2160; 12 USC 2183; 12 USC 2202b; 12 USC 2203; 12 USC 2208; 12 USC 2209; 12 USC 2211; 12 USC 2243; 12 USC 2244; 12 USC 2252; 12 USC 2278b; 12 USC 2278b-6; 12 USC 2279a to 2279f-1; 12 USC 2279aa; 12 USC 2279aa-3; 12 USC 2279aa-4; 12 USC 2279aa-5(e); 12 USC 2279aa-6; 12 USC 2279aa-7; 12 USC 2279aa-8; 12 USC 2279aa-10; 12 USC 2279aa-12; 12 USC 2011

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 611; 12 CFR 615

Legal Deadline:

None

Abstract:

This regulation would permit Farm Credit System institutions, including service corporations, to issue additional amounts of certain classes of stock and allow service corporations to issue non-voting stock to non-System institutions.

Timetable:

Action Date FR Cite

NPRM 12/23/99 64 FR 72041

NPRM Comment Period End 01/24/00
Final Rule 03/28/01 66 FR 16841

Final Rule Effective 05/00/01

Regulatory Flexibility Analysis Required:

Small Entities Affected:

Government Levels Affected:

None

Additional Information:

Agency Contact:

RIN:

3052-AB91

4096. LOAN POLICIES AND OPERATIONS; FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS (LOAN PURCHASES AND SALES)

Agency:

Farm Credit Administration (FCA)

Priority:

Other Significant

Legal Authority:

12 USC 2279a-2; 12 USC 2279b; 12 USC 2279c-1; 12 USC 2279f; 12 USC 2279f-1; 12 USC 2279aa; 12 USC 2279aa-5; 42 USC 4012a; 42 USC 4104a; 42 USC 4104b; 42 USC 4106; 42 USC 4128; 12 USC 2011; 12 USC 2013; 12 USC 2014; 12 USC 2015; 12 USC 2017; 12 USC 2018; 12 USC 2019; 12 USC 2071; 12 USC 2073; 12 USC 2074; 12 USC 2075; 12 USC 2091; 12 USC 2093; 12 USC 2094; 12 USC 2097; 12 USC 2121; 12 USC 2122; 12 USC 2124; 12 USC 2128; 12 USC 2129; 12 USC 2131; 12 USC 2141; 12 USC 2149; 12 USC 2183; 12 USC 2184; 12 USC 2199; 12 USC 2201; 12 USC 2202; 12 USC 2202a; 12 USC 2202c; 12 USC 2202d; 12 USC 2202e; 12 USC 2206; 12 USC 2206a; 12 USC 2207; 12 USC 2211; 12 USC 2212; 12 USC 2213; 12 USC 2214; 12 USC 2219a; 12 USC 2219b; 12 USC 2243; 12 USC 2244; 12 USC 2252; 12 USC 2279a; ...

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 614; 12 CFR 615

Legal Deadline:

None

Abstract:

This regulation would remove regulatory restrictions on the System's ability to purchase interests in eligible loans and make other technical changes.

Timetable:

Action Date FR Cite

Final Rule 07/00/01

Regulatory Flexibility Analysis Required:

Small Entities Affected:

Government Levels Affected:

None

Additional Information:

Agency Contact:

RIN:

3052-AB93

4097. DISCLOSURE TO SHAREHOLDERS (ANNUAL REPORT)

Agency:

Farm Credit Administration (FCA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 2252; 12 USC 2254; 12 USC 2279a-11

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 620

Legal Deadline:

None

Abstract:

The regulation would eliminate the requirement that FCBs distribute their financial reports to the stockholders of their associations.

Timetable:

Action Date FR Cite

NPRM 03/17/00 65 FR 14494

NPRM Comment Period End 04/17/00
Final Rule 03/12/01 66 FR 14299

Final Rule Effective 04/27/01 66 FR 21064

Regulatory Flexibility Analysis Required:

Small Entities Affected:

Government Levels Affected:

None

Additional Information:

Agency Contact:

Robert Edward Donnelly, Senior Accountant, Farm Credit Administration, Office of Policy and Analysis, 1501 Farm Credit Drive, McLean, VA 22102-4943
Phone: 703 883-4450
TDD Phone: 703 883-4444
Fax: 703 734-5784
Email: donnellyr@fca.gov

RIN:

3052-AB94

4098. ORGANIZATION (STOCKHOLDER VOTE ON LIKE-LENDING AUTHORITY)

Agency:

Farm Credit Administration (FCA)

Priority:

Substantive, Nonsignificant

Legal Authority:

12 USC 2011; 12 USC 2021; 12 USC 2071; 12 USC 2091; 12 USC 2121; ...

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 611

Legal Deadline:

None

Abstract:

This regulation would implement territorial consent requirements of the Act if an institution requests a competitive charter in Alabama, Louisiana, Mississippi, and New Mexico.

Timetable:

Action Date FR Cite

NPRM 05/09/00 65 FR 26776

NPRM Comment Period End 06/08/00
Reproposed Rule 09/29/00 65 FR 58486

Reproposed Rule Comment Period End 10/30/00
Final Rule 10/00/01

Regulatory Flexibility Analysis Required:

Small Entities Affected:

Government Levels Affected:

None

Additional Information:

Agency Contact:

RIN:

3052-AC00

4099. � ORGANIZATION; GENERAL PROVISIONS; DISCLOSURE TO SHAREHOLDERS

Agency:

Farm Credit Administration (FCA)

Priority:

Other Significant

Legal Authority:

12 USC 2013, 2019, 2020, 2073, 2075, 2076, 2093, 2128, 2183, 2243, 2244, 2252; ...

CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)

12 CFR 611; 12 CFR 618; 12 CFR 620

Legal Deadline:

None

Abstract:

This rulemaking would provide procedures for associations that request national charters.

Timetable:

Action Date FR Cite

NPRM 02/16/01 66 FR 10639

NPRM Comment Period End 03/19/01
NPRM Comment Period Extended 03/21/01 66 FR 15814

Final Rule 06/00/01

Regulatory Flexibility Analysis Required:

Small Entities Affected:

Government Levels Affected:

None

Additional Information:

Agency Contact:

S. Robert Coleman, Senior Policy Analyst, Office of Policy and Analysis, Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 22102-5090
Phone: 703 883-4498
TDD Phone: 703 883-4444
Fax: 703 734-5784
Email: colemanr@fca.gov

RIN:

3052-AC03