Title 12 published on 2012-01-01
The following are only the Rules published in the Federal Register after the published date of Title 12.
For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.
On December 4, 2012, the Farm Credit Council (Council) filed a Petition for Regulatory Change (Petition) with the Farm Credit Administration (FCA, we, or our) on behalf of its Farm Credit System (System) members. The Council requested in the Petition that we repeal the provisions of the recently effective final rule regarding “Compensation, Retirement Programs, and Related Benefits,” that require a non-binding, advisory vote on senior officer compensation. We are publishing the Petition and soliciting comments on the merits of the Petition.
The Farm Credit Administration (FCA or Agency), through the FCA Board (Board), issued a final rule amending its regulations for Farm Credit System banks and associations to require disclosure of pension benefit and supplemental retirement plans and a discussion of the link between senior officer compensation and performance. In accordance with the law, 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.
The Farm Credit Administration (FCA, us, we, or our) amends our regulations for Farm Credit System (System) banks and associations to require disclosure of pension benefit and supplemental retirement plans and a discussion of the link between senior officer compensation and performance. Also, we are amending our regulations to require timely reporting of significant or material events that occur at System institutions between annual reporting periods. We believe these requirements will promote transparency of and consistency in disclosures and ensure timely reporting to shareholders. In addition, the final rule establishes minimum responsibilities that a compensation committee must perform. Further, the final rule requires that System banks and associations provide for a non-binding, advisory vote on senior officer compensation by shareholders. Also, the final rule bifurcates existing annual reporting requirements at § 620.5 and makes other technical changes.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.
This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].
It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.
§ 2011 - Establishment, charters, titles, branches
§ 2012 - Board of directors
§ 2021 - Loans through associations or agents
§ 2071 - Organization and charters
§ 2072 - Board of directors
§ 2091 - Organizations; articles; charters; powers of the Farm Credit Administration
§ 2092 - Board of directors
§ 2121 - Establishment; titles; branches
§ 2123 - Board of directors
§ 2124 - Stock of banks for cooperatives
§ 2128 - Loans, commitments, and technical and financial assistance
§ 2129 - Eligibility
§ 2130 - Ownership of stock by borrowers
§ 2142 - Board of directors provisions
§ 2154a - Capitalization of System institutions
§ 2183 - Dissolution; voluntary or involuntary liquidation; mergers; receiverships or conservators
§ 2184 - Communications with stockholders
§ 2203 - Nomination of association directors; representative selection of nominees
§ 2208 - Prohibition against use of signed ballots
§ 2209 - Compensation of bank directors
§ 2243 - Powers of Board
§ 2244 - Chairman; responsibilities; governing standards
§ 2252 - Powers and duties
§ 2279a - Power to merge
12 USC § 2279a–1 - Board of directors
12 USC § 2279a–2 - Powers of merged banks
12 USC § 2279a–3 - Capitalization
12 USC § 2279a–4 - Repealed.
12 USC § 2279a–5 - Transferred
§ 2279b - Transfer of lending authority
§ 2279c - Equalization of loan-making powers of certain district associations
12 USC § 2279c–1 - Merger of associations
12 USC § 2279c–2 - Reconsideration
§ 2279d - Termination of System institution status
§ 2279e - Approval of disclosure information and issuance of charters
§ 2279f - Merger of similar banks
12 USC § 2279f–1 - Merger of similar associations
12 USC § 2279aa–5 - Certification of agricultural mortgage marketing facilities
101 Stat. 1568
101 Stat. 1638
102 Stat. 989
102 Stat. 1003
102 Stat. 1004
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR 611 after this date.
The Farm Credit Administration (FCA, we, or our) is proposing to establish a regulatory framework for Farm Credit System (System) institutions' use of unincorporated business entities (UBEs) organized under State law for certain business activities. For purposes of this proposed rule, a UBE includes limited partnerships (LPs), limited liability partnerships (LLPs), limited liability limited partnerships (LLLPs), limited liability companies (LLCs), and any other unincorporated business entities, such as unincorporated business trusts, organized under State law. This rule does not apply to UBEs that one or more System institutions may establish as Rural Business Investment Companies (RBICs) pursuant to the institutions' authority under the provisions of title VI of the Farm Security and Rural Investment Act of 2002, as amended (FSRIA), and United States Department of Agriculture (USDA) regulations implementing FSRIA. This rule does apply, however, to System institutions that organize UBEs for the express purpose of investing in RBICs.
The Farm Credit Administration (FCA, us, we, or our) published a proposed rule to amend our regulations related to Farm Credit System (System) bank and association disclosures to shareholders and investors. The proposed rule would require enhanced reporting of senior officer compensation and retirement programs and reporting to shareholders of significant events that occur between annual reporting periods. The proposed rule would also identify the minimum responsibilities a compensation committee must perform and require that System banks and associations provide for a nonbinding, advisory vote on senior officer compensation. To allow interested parties additional time to submit comments, we are extending the comment period on the proposed rule from March 23, 2012 to April 16, 2012.
The Farm Credit Administration (FCA, us, we, or our) proposes to amend our regulations related to Farm Credit System (System) bank and association disclosures to shareholders and investors. The proposed rule would require reporting of supplemental retirement plans, a discussion of the link between senior officer compensation and performance, and timely and transparent reporting to shareholders of significant events that occur between annual reporting periods. We believe the proposed changes will provide full, transparent and consistent disclosures to shareholders. The proposed rule would identify the minimum responsibilities a compensation committee must perform to ensure it continues to exercise good stewardship, and require that System banks and associations provide for a nonbinding, advisory vote on senior officer compensation in order to engage shareholders in the management and control of their institution. Also, the proposed rule would bifurcate existing annual reporting requirements at § 620.5 and make other conforming technical changes.