Sunshine Act Meeting; Proposed Related Services; Real Estate Brokerage, Farm Management, and Minerals Management

FARM CREDIT ADMINISTRATION

Sunshine Act Meeting; Proposed Related Services; Real Estate

Brokerage, Farm Management, and Minerals Management

AGENCY: Farm Credit Administration.

ACTION: Public notice.

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SUMMARY: On July 17, 1995, the Farm Credit Administration (FCA or

Agency), published a request for public comments regarding an inquiry

by a Farm Credit System (System or FCS) institution for approval to

offer Real Estate Brokerage, Farm Management, and Minerals Management

service programs as authorized ``Related Services.'' The public comment

period closed on September 15, 1995. Subsequently, the request for

approval by the FCS institution was withdrawn, and the Agency is no

longer considering the request.

FOR FURTHER INFORMATION CONTACT:

Linda C. Sherman, Policy Analyst, Regulation Development, Office of

Examination, Farm Credit Administration, McLean, VA 22102-5090, (703)

883-4498, TDD (703) 883-4444,

or

Gary K. Van Meter, Senior Attorney, Regulatory Operations Division,

Office of General Counsel, Farm Credit Administration, McLean, VA

22102-5090, (703) 883-4020, TDD (703) 883-4444.

SUPPLEMENTARY INFORMATION: On July 17, 1995, the FCA requested public

comment (60 FR 36415) on the following related services that were being

contemplated under Sec. 618.8000: Real Estate Brokerage Services, Farm

Management Services, and Minerals Management Services.

The regulation at Sec. 618.8000 requires a prior determination that

any new services, not previously authorized and placed on the Related

Services List (RS List), are legally authorized and do not present

excessive risk to the requesting institution or the System as a whole.

Because of the complex nature of these proposed services, the FCA

solicited public comment prior to acting on the request, in accordance

with the guidelines recently adopted in Sec. 618.8010(b)(3).

Many comments were received from FCS institutions, real estate

brokers, auctioneers, commercial bankers, and Members of Congress.

However, before the Agency completed its deliberations, the FCS

institution that had originally requested approval of real estate

brokerage, farm management, and minerals management services withdrew

its request. Because the request was withdrawn, approval of the three

services and their addition to the RS List is no longer under

consideration by the Agency.

[[Page 8936]]

Dated: March 4, 1996.

Floyd Fithian,

Secretary, Farm Credit Administration Board.

[FR Doc. 96-5421 Filed 3-4-96; 2:07 pm]

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