Farm Credit Administration (FCA).
The Farm Credit Administration (FCA) published a direct Final rule (64 FR 43046, August 9, 1999) that reduced regulatory burden on the Farm Credit System (FCS or System) by repealing or amending 16 regulations. This document corrects technical errors in the direct final rule.
October 13, 1999.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Cindy R. Nicholson, Technical Editor, Office of Policy and Analysis, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-4498, TDD (703) 883-4444.End Further Info End Preamble Start Supplemental Information
We inadvertently failed to make a nomenclature change in the Regulatory Burden direct final rule published on August 9, 1999 (64 FR 43046) which affected §§ 611.400 and 620.5.Start List of Subjects
List of Subjects in 12 CFR Parts 611 and 620
- Banks, banking
- Reporting and recordkeeping requirements
- Rural areas
For the reasons stated above, parts 611 and 620 of chapter VI, title 12 of the Code of Federal Regulations are corrected as follows:End Amendment Part Start Part
PART 611—ORGANIZATIONEnd Part Start Amendment Part
1. The authority citation for part 611 continues to read as follows:End Amendment Part
Subpart D—Rules for Compensation of Board MembersStart Amendment Part
2. Section 611.400 is amended by correcting paragraph (e) to read as follows:End Amendment Part
(e) Directors may also be reimbursed for reasonable travel, subsistence, and other related expenses in accordance with the bank's policy.
PART 620—DISCLOSURE TO SHAREHOLDERSEnd Part Start Amendment Part
3. The authority citation for part 620 continues to read as follows:End Amendment Part
Subpart B—Annual Report to ShareholdersStart Amendment Part
4. Section 620.5 is amended by correcting the first sentence of paragraph (i)(3)(i) to read as follows:End Amendment Part
(i) * * *
(3) * * *
(i) Briefly describe your policy addressing reimbursements for travel, subsistence, and other related expenses Start Printed Page 8024as it applies to directors and senior officers. * * *
Dated: February 10, 2000.
Vivian L. Portis,
Secretary Farm Credit Administration Board.
[FR Doc. 00-3681 Filed 2-16-00; 8:45 am]
BILLING CODE 6705-01-P