Organization; Loan Policies and Operations; General Provisions; Chartered Territories

FARM CREDIT ADMINISTRATION

12 CFR Parts 611, 614, and 618

RIN 3052-AB87

Organization; Loan Policies and Operations; General Provisions;

Chartered Territories

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 allow Farm Credit System (FCS)

customers to do business with the FCS association of their choice. The

FCA Board extends the comment period on the proposed rule for 90 more

days so interested parties have additional time to provide comments.

DATES: Please send your comments to us on or before May 10, 1999.

ADDRESSES: You may mail or deliver comments to Patricia W. DiMuzio,

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 also submit comments via electronic mail to ``reg-

[email protected]'' or through the Pending Regulations section of the FCA's

interactive website at ``www.fca.gov.'' Copies of all communications

received will be available for review by interested parties in the

Office of Policy and Analysis, Farm Credit Administration.

FOR FURTHER INFORMATION CONTACT:

S. Robert Coleman, Senior Policy Analyst, Regulation and Policy

Division, Office of Policy and Analysis, Farm Credit Administration,

McLean, VA 22102-5090, (703) 883-4498,

or

Richard A. Katz, Senior Attorney, Regulatory Enforcement Division,

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

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

SUPPLEMENTARY INFORMATION: On November 9, 1998, we published a proposed

rule in the Federal Register to amend regulations in parts 611, 614,

and 618 so farmers, ranchers, and other eligible customers could seek

financing and related services from any FCS lender operating under

title I or II of the Farm Credit Act of 1971, as amended. The rule

proposes to eliminate geographic barriers that often prevent a Farm

Credit System lender from serving customers beyond its designated

territory. At the same time, the rule continues to ensure that every

eligible customer will have access to FCS credit and related services.

The comment period will expire on February 8, 1999. See 63 FR 60219,

November 9, 1998. In response to several requests, we now extend the

comment period until May 10, 1999, so you will have more time to

respond.

[[Page 69230]]

Dated: December 10, 1998.

Floyd Fithian,

Secretary, Farm Credit Administration Board.

[FR Doc. 98-33340 Filed 12-15-98; 8:45 am]

BILLING CODE 6705-01-P