Farm credit system: Correction,

[Federal Register: October 30, 1998 (Volume 63, Number 210)]

[Rules and Regulations]

[Page 58289-58290]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr30oc98-3]

FARM CREDIT ADMINISTRATION

12 CFR Parts 611, 615, 620 and 627

RIN 3052-AB58

Organization; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Affairs; Disclosure to Shareholders; Title V Conservators and Receivers; Capital Provisions; Correction

AGENCY: Farm Credit Administration.

ACTION: Final rule; correction.

SUMMARY: The Farm Credit Administration (FCA) published a final rule (63 FR 39219, July 22, 1998) that amended the capital adequacy and related regulations to address: interest rate risk; the grounds for appointing a conservator or receiver; capital and bylaw requirements for service corporations; and various computational issues and other issues involving the capital regulations. This document corrects an error in one of the amendatory instructions of the final rule.

EFFECTIVE DATE: September 14, 1998.

FOR FURTHER INFORMATION CONTACT: Cindy R. Nicholson, Paralegal Specialist, Office of Policy and Analysis, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-4498, TDD (703) 883-4444.

SUPPLEMENTARY INFORMATION: In preparing the final rule for publication in the Federal Register, an error was inadvertently made in amendatory instruction number 8 on page 39226, column 2.

Accordingly, the amendatory instruction is corrected to read as follows:

8. Section 615.5210 is amended by adding new paragraph (e)(11); removing paragraphs (f)(2)(iii) and (f)(2)(v); redesignating paragraph (f)(2)(iv) as new paragraph (f)(2)(iii); adding a new paragraph (f)(2)(iv); removing the

[[Page 58290]]

reference ``1 year'' and adding in its place, the reference ``14 months'' in paragraph (f)(3)(ii)(C)(2); and revising paragraphs (a), (b), (e) introductory text, (e)(1), (e)(6), (e)(10), (f)(2)(i), (f)(2)(ii), heading of newly designated (f)(2)(iii), (f)(3)(ii)(A), and (f)(3)(iii) to read as follows:

Dated: October 27, 1998. Floyd Fithian, Secretary, Farm Credit Administration Board.

[FR Doc. 98-29101Filed10-29-98; 8:45 am]

BILLING CODE 6705-01-P