Assessment and Apportionment of Administrative Expenses; Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and Operations; and Funding Operations; Disclosure to Shareholders; Capital Adequacy Risk-Weighting Revisions; Effective Date, 54471 [05-18285]

Download as PDF Federal Register / Vol. 70, No. 178 / Thursday, September 15, 2005 / Rules and Regulations Prior to arriving at its budget of $89,090, the committee considered information from various sources, such as the committee’s Executive Subcommittee. An alternative to this action would be to continue with the $6.00 per ton assessment rate. However, an assessment rate of $0.65 per ton of salable dried prunes and excess funds from the 2004–2005 crop year will provide enough income to fund the committee’s reduced activities. Therefore, the Executive Subcommittee and committee agreed that $0.65 per ton of salable dried prunes is an acceptable assessment rate. The committee is authorized to use excess assessment funds from the 2004– 05 crop year (currently estimated at $21,165) for up to 5 months beyond the end of the crop year to meet 2003–04 crop year expenses. At the end of the 5 months, the committee either refunds or credits excess funds to handlers (§ 993.81(c)). This action decreases the assessment obligation imposed on handlers. Assessments are applied uniformly on all handlers, and some of the costs may be passed on to producers. However, decreasing the assessment rate reduces the burden on handlers, and may reduce the burden on producers. In addition, the committee’s meeting was widely publicized throughout the California dried prune industry and all interested persons were invited to attend the meeting and participate in committee deliberations on all issues. Like all committee meetings, the June 30, 2005, meeting was a public meeting and all entities, both large and small, were encouraged to express views on this issue. Finally, interested persons are invited to submit information on the regulatory and informational impacts of this action on small businesses. This action imposes no additional reporting or recordkeeping requirements on either small or large California dried prune handlers. As with all Federal marketing order programs, reports and forms are periodically reviewed to reduce information requirements and duplication by industry and public sector agencies. USDA has not identified any relevant Federal rules that duplicate, overlap, or conflict with this rule. A small business guide on complying with fruit, vegetable, and specialty crop marketing agreements and orders may be viewed at: https://www.ams.usda.gov/ fv/moab/html. Any questions about the compliance guide should be sent to Jay Guerber at the previously mentioned address in the FOR FURTHER INFORMATION CONTACT section. VerDate Aug<18>2005 14:34 Sep 14, 2005 Jkt 205001 After consideration of all relevant material presented, including the information and recommendation submitted by the committee and other available information, it is hereby found that this rule, as hereinafter set forth, will tend to effectuate the declared policy of the Act. Pursuant to 5 U.S.C. 553, it is also found and determined upon good cause that it is impracticable, unnecessary, and contrary to the public interest to give preliminary notice prior to putting this rule into effect, and that good cause exists for not postponing the effective date of this rule until 60 days after publication in the Federal Register because: (1) The 2005–06 crop year began on August 1, 2005, and the marketing order requires that the rate of assessment for each crop year apply to all assessable prunes handled during such crop year; (2) the assessment rate is considerably lower than that which is currently in effect; and (3) handlers are aware of this action, which was unanimously recommended by the committee at a public meeting; and (4) this interim final rule provides a 60-day comment period, and all comments timely received will be considered prior to finalization of this rule. List of Subjects in 7 CFR Part 993 Marketing agreements, Plums, Prunes, Reporting and Recordkeeping requirements. For the reasons set forth in the preamble, 7 CFR part 993 is amended as follows: I PART 993—DRIED PRUNES PRODUCED IN CALIFORNIA 1. The authority citation for 7 CFR part 993 continues to read as follows: I Authority: 7 U.S.C. 601–674. 2. Section 993.347 is revised to read as follows: I § 993.347 Assessment rate. On and after August 1, 2005, an assessment rate of $0.65 per ton of salable dried prunes is established for California dried prunes. Dated: September 9, 2005. Lloyd C. Day, Administrator, Agricultural Marketing Service. [FR Doc. 05–18284 Filed 9–14–05; 8:45 am] FARM CREDIT ADMINISTRATION 12 CFR Parts 607, 614, 615, and 620 RIN 3052–AC09 Assessment and Apportionment of Administrative Expenses; Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and Operations; and Funding Operations; Disclosure to Shareholders; Capital Adequacy Risk-Weighting Revisions; Effective Date AGENCY: ACTION: Farm Credit Administration. Notice of effective date. SUMMARY: The Farm Credit Administration (FCA) published a final rule under parts 607, 614, 615, and 620 on June 17, 2005 (70 FR 35336). This final rule changed our regulatory capital standards on recourse obligations, direct credit substitutes, residual interests, asset- and mortgage-backed securities, claims on securities firms, and certain residential loans. In accordance with 12 U.S.C. 2252, the effective date of the final rule is 30 days from the date of publication in the Federal Register during which either or both Houses of Congress are in session. Based on the records of the sessions of Congress, the effective date of the regulation is September 8, 2005. EFFECTIVE DATE: The regulation amending 12 CFR parts 607, 614, 615, and 620 published on June 17, 2005 (70 FR 35336) is effective September 8, 2005. FOR FURTHER INFORMATION CONTACT: Robert Donnelly, Senior Accountant, Office of Regulatory Policy, Farm Credit Administration, McLean, VA 22102– 5090, (703) 883–4498, TTY (703) 883– 4434; or Jennifer A. Cohn, Senior Attorney, Office of General Counsel, Farm Credit Administration, McLean, VA 22102– 5090, (703) 883–4020, TTY (703) 883– 4020. (12 U.S.C. 2252(a)(9) and (10)) Dated: September 8, 2005. Jeanette C. Brinkley, Secretary, Farm Credit Administration Board. [FR Doc. 05–18285 Filed 9–14–05; 8:45 am] BILLING CODE 6705–01–P BILLING CODE 3410–02–P PO 00000 Frm 00003 Fmt 4700 Sfmt 4700 54471 E:\FR\FM\15SER1.SGM 15SER1

Agencies

[Federal Register Volume 70, Number 178 (Thursday, September 15, 2005)]
[Rules and Regulations]
[Page 54471]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-18285]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 607, 614, 615, and 620

RIN 3052-AC09


Assessment and Apportionment of Administrative Expenses; Loan 
Policies and Operations; Funding and Fiscal Affairs, Loan Policies and 
Operations; and Funding Operations; Disclosure to Shareholders; Capital 
Adequacy Risk-Weighting Revisions; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

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SUMMARY: The Farm Credit Administration (FCA) published a final rule 
under parts 607, 614, 615, and 620 on June 17, 2005 (70 FR 35336). This 
final rule changed our regulatory capital standards on recourse 
obligations, direct credit substitutes, residual interests, asset- and 
mortgage-backed securities, claims on securities firms, and certain 
residential loans. In accordance with 12 U.S.C. 2252, the effective 
date of the final rule is 30 days from the date of publication in the 
Federal Register during which either or both Houses of Congress are in 
session. Based on the records of the sessions of Congress, the 
effective date of the regulation is September 8, 2005.

EFFECTIVE DATE: The regulation amending 12 CFR parts 607, 614, 615, and 
620 published on June 17, 2005 (70 FR 35336) is effective September 8, 
2005.

FOR FURTHER INFORMATION CONTACT: Robert Donnelly, Senior Accountant, 
Office of Regulatory Policy, Farm Credit Administration, McLean, VA 
22102-5090, (703) 883-4498, TTY (703) 883-4434; or
    Jennifer A. Cohn, Senior Attorney, Office of General Counsel, Farm 
Credit Administration, McLean, VA 22102-5090, (703) 883-4020, TTY (703) 
883-4020.

(12 U.S.C. 2252(a)(9) and (10))

    Dated: September 8, 2005.
Jeanette C. Brinkley,
Secretary, Farm Credit Administration Board.
[FR Doc. 05-18285 Filed 9-14-05; 8:45 am]
BILLING CODE 6705-01-P
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