83 FR 30833 - Organization; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations; Investment Eligibility; Correction
FARM CREDIT ADMINISTRATION Federal Register Volume 83, Issue 127 (July 2, 2018)
Federal Register Volume 83, Issue 127 (July 2, 2018)
| Page Range | 30833-30833 | |
| FR Document | 2018-14107 |
[Federal Register Volume 83, Number 127 (Monday, July 2, 2018)] [Rules and Regulations] [Page 30833] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-14107] ======================================================================= ----------------------------------------------------------------------- FARM CREDIT ADMINISTRATION 12 CFR Parts 611 and 615 [Docket No. 2018-12366] RIN 3052-AC84 Organization; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations; Investment Eligibility; Correction AGENCY: Farm Credit Administration. ACTION: Final rule; correction. ----------------------------------------------------------------------- SUMMARY: The Farm Credit Administration (FCA or our) is correcting a final rule that appeared in the Federal Register on June 12, 2019 that amends our regulations governing investments of both Farm Credit System (FCS) banks and associations. The final rule strengthens eligibility criteria for investments that FCS banks purchase and hold, and implements section 939A of the Dodd-Frank Wall Street Reform and Consumer Protection Act by removing references to and requirements for credit ratings and substituting other appropriate standards of creditworthiness. The final rule revises FCA's regulatory approach to investments by FCS associations by limiting the type and amount of investments that an association may hold for risk management purposes. DATES: This correction shall become effective on January 1, 2019. FOR FURTHER INFORMATION CONTACT: David J. Lewandrowski, Senior Policy Analyst, Office of Regulatory Policy, (703) 883-4212, TTY (703) 883-4056, [email protected]; J.C. Floyd, Associate Director of Finance and Capital Market Team, Office of Regulatory Policy, (703) 883-4321, TTY (703) 883-4056, [email protected]; or Richard A. Katz, Senior Counsel, Office of General Counsel, (703) 883- 4020, TTY (703) 883-4056, [email protected]. SUPPLEMENTARY INFORMATION: In FR Doc. 2018-12366 appearing on page 27486 in the Federal Register of Tuesday, June 12, 2018, the following corrections are made: Sec. 611.1153 [Corrected] 0 1. On page 27499, in the first column, in part 611, amendatory instruction 2 is removed. Sec. 611.1155 [Corrected] 0 2. On page 27499, in the first column, in part 611, amendatory instruction 3 is removed. Sec. 615.5133 [Corrected] 0 3. On page 27500, in the first column, in Sec. 615.5133, in paragraph (b), in the fourth sentence, the word ``banks'' is corrected to read ``bank's''. Sec. 615.5140 [Corrected] 0 4. On page 27502, in the third column, in Sec. 615.5140, in paragraph (b)(3)(i), in the first sentence, the reference ``Sec. 615.5133(a), (b), (c), (d), and (e)'' is corrected to read ``Sec. 615.5133(a), (b), (c), (d), (e), (h), and (i).'' 0 5. On page 27502, in the third column, in Sec. 615.5140, in paragraph (b)(4)(ii), in the first sentence, the reference ``Sec. 615.5132'' is corrected to read ``Sec. 615.5131''. 0 6. On page 27503, in the first column, in Sec. 615.5140, in paragraph (b)(6)(ii), in the first sentence, the reference ``paragraph (b)(3)'' is corrected to read ``paragraph (b)(4)''. Sec. 615.5143 [Corrected] 0 7. On page 27503, in the second column, in Sec. 615.5143, in paragraph (a)(2), the reference ``Sec. 615.5140(b)(3)'' is corrected to read ``Sec. 615.5140(b)(4)''. 0 8. On page 27503, in the third column, in Sec. 615.5143, in paragraph (b)(3), the reference ``Sec. 615.5140(b)(3)'' is corrected to read ``Sec. 615.5140(b)(4)''. Dated: June 26, 2018. Dale L. Aultman, Secretary, Farm Credit Administration Board. [FR Doc. 2018-14107 Filed 6-29-18; 8:45 am] BILLING CODE 6705-01-P
![Federal Register / Vol. 83, No. 127 / Monday, July 2, 2018 / Rules and Regulations 30833
contain the information specified in (FCS) banks and associations. The final ‘‘paragraph (b)(3)’’ is corrected to read
§ 4280.118(b), except as specified in rule strengthens eligibility criteria for ‘‘paragraph (b)(4)’’.
paragraph (c)(2) of this section (e.g., the investments that FCS banks purchase
grant application SF–424 forms under and hold, and implements section 939A § 615.5143 [Corrected]
§ 4280.117(a) are not required to be of the Dodd-Frank Wall Street Reform ■ 7. On page 27503, in the second
submitted), and must present the and Consumer Protection Act by column, in § 615.5143, in paragraph
information in the same order as shown removing references to and (a)(2), the reference ‘‘§ 615.5140(b)(3)’’ is
in § 4280.118(b). If the application is for requirements for credit ratings and corrected to read ‘‘§ 615.5140(b)(4)’’.
$200,000 and greater, the application substituting other appropriate standards ■ 8. On page 27503, in the third column,
must contain the information specified of creditworthiness. The final rule in § 615.5143, in paragraph (b)(3), the
in § 4280.117, except as specified in revises FCA’s regulatory approach to reference ‘‘§ 615.5140(b)(3)’’ is corrected
paragraph (c)(2) of this section, (e.g., the investments by FCS associations by to read ‘‘§ 615.5140(b)(4)’’.
grant application SF–424 forms under limiting the type and amount of
§ 4280.117(a) are not required to be investments that an association may Dated: June 26, 2018.
submitted), and must present the hold for risk management purposes. Dale L. Aultman,
information in the same order as shown DATES: This correction shall become Secretary, Farm Credit Administration Board.
in § 4280.117. effective on January 1, 2019. [FR Doc. 2018–14107 Filed 6–29–18; 8:45 am]
(2) Lender forms, certifications, and BILLING CODE 6705–01–P
FOR FURTHER INFORMATION CONTACT:
agreements. Each application submitted
under paragraph (c) of this section must David J. Lewandrowski, Senior Policy
use Form RD 4279–1, ‘‘Application for Analyst, Office of Regulatory Policy,
Loan Guarantee,’’ and the forms and (703) 883–4212, TTY (703) 883–4056, DEPARTMENT OF TRANSPORTATION
certifications specified in paragraphs lewandrowskid@fca.gov;
(b)(2)(ii), (iii) (if not previously J.C. Floyd, Associate Director of Finance Federal Aviation Administration
submitted), (v), (viii), (ix), (x), and (xi) and Capital Market Team, Office of
of this section. * * * Regulatory Policy, (703) 883–4321, 14 CFR Part 97
TTY (703) 883–4056, floydjc@fca.gov;
■ 11. Amend § 4280.142 by revising the or
first sentence of the introductory text to [Docket No. 31200; Amdt. No. 3806]
Richard A. Katz, Senior Counsel, Office
read as follows: of General Counsel, (703) 883–4020, Standard Instrument Approach
§ 4280.142 Conditions precedent to TTY (703) 883–4056, katzr@fca.gov. Procedures, and Takeoff Minimums
issuance of loan note guarantee. SUPPLEMENTARY INFORMATION: In FR Doc. and Obstacle Departure Procedures;
The provisions of § 4279.181 of this 2018–12366 appearing on page 27486 in Miscellaneous Amendments
chapter apply except for the Federal Register of Tuesday, June
12, 2018, the following corrections are AGENCY: Federal Aviation
§ 4279.181(a)(9)(v). * * *
made: Administration (FAA), DOT.
* * * * *
ACTION: Final rule.
Dated: June 8, 2018. § 611.1153 [Corrected]
Bette B. Brand, ■ 1. On page 27499, in the first column, SUMMARY: This rule amends, suspends,
Administrator, Rural Business-Cooperative in part 611, amendatory instruction 2 is or removes Standard Instrument
Service. removed. Approach Procedures (SIAPs) and
Dated: June 14, 2018. associated Takeoff Minimums and
§ 611.1155 [Corrected] Obstacle Departure Procedures for
Kenneth L. Johnson,
■ 2. On page 27499, in the first column, operations at certain airports. These
Administrator, Rural Utilities Service.
in part 611, amendatory instruction 3 is regulatory actions are needed because of
[FR Doc. 2018–14170 Filed 6–29–18; 8:45 am]
removed. the adoption of new or revised criteria,
BILLING CODE 3410–XY–P
or because of changes occurring in the
§ 615.5133 [Corrected] National Airspace System, such as the
■ 3. On page 27500, in the first column, commissioning of new navigational
FARM CREDIT ADMINISTRATION facilities, adding new obstacles, or
in § 615.5133, in paragraph (b), in the
fourth sentence, the word ‘‘banks’’ is changing air traffic requirements. These
12 CFR Parts 611 and 615 changes are designed to provide for the
corrected to read ‘‘bank’s’’.
[Docket No. 2018–12366] safe and efficient use of the navigable
§ 615.5140 [Corrected] airspace and to promote safe flight
RIN 3052–AC84
■ 4. On page 27502, in the third column, operations under instrument flight rules
Organization; Funding and Fiscal in § 615.5140, in paragraph (b)(3)(i), in at the affected airports.
Affairs, Loan Policies and Operations, the first sentence, the reference DATES: This rule is effective July 2,
and Funding Operations; Investment ‘‘§ 615.5133(a), (b), (c), (d), and (e)’’ is 2018. The compliance date for each
Eligibility; Correction corrected to read ‘‘§ 615.5133(a), (b), (c), SIAP, associated Takeoff Minimums,
(d), (e), (h), and (i).’’ and ODP is specified in the amendatory
AGENCY: Farm Credit Administration.
■ 5. On page 27502, in the third column, provisions.
ACTION: Final rule; correction. The incorporation by reference of
in § 615.5140, in paragraph (b)(4)(ii), in
daltland on DSKBBV9HB2PROD with RULES
SUMMARY: The Farm Credit the first sentence, the reference certain publications listed in the
Administration (FCA or our) is ‘‘§ 615.5132’’ is corrected to read regulations is approved by the Director
correcting a final rule that appeared in ‘‘§ 615.5131’’. of the Federal Register as of July 2, 2018.
the Federal Register on June 12, 2019 ■ 6. On page 27503, in the first column, ADDRESSES: Availability of matter
that amends our regulations governing in § 615.5140, in paragraph (b)(6)(ii), in incorporated by reference in the
investments of both Farm Credit System the first sentence, the reference amendment is as follows:
VerDate Sep<11>2014 16:46 Jun 29, 2018 Jkt 244001 PO 00000 Frm 00003 Fmt 4700 Sfmt 4700 E:\FR\FM\02JYR1.SGM 02JYR1](https://thefederalregister.org/doc/83_FR_30960/page/1.svg)
Document Created: 2018-06-30 00:17:26
Document Modified: 2018-06-30 00:17:26
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Rules and Regulations | |
| Action | Final rule; correction. | |
| Dates | This correction shall become effective on January 1, 2019. | |
| Contact | David J. Lewandrowski, Senior Policy Analyst, Office of Regulatory Policy, (703) 883-4212, TTY (703) 883-4056, [email protected]; J.C. Floyd, Associate Director of Finance and Capital Market Team, Office of Regulatory Policy, (703) 883-4321, TTY (703) 883-4056, [email protected]; or Richard A. Katz, Senior Counsel, Office of General Counsel, (703) 883- 4020, TTY (703) 883-4056, [email protected] | |
| FR Citation | 83 FR 30833 | |
| RIN Number | 3052-AC84 | |
| CFR Citation | 12
CFR
611 12 CFR 615 |
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