Federal Register - September 29, 1949
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Source: Federal Register
O N A L
VOLUME 14
Washington, Thursday, September 29, 1949
TITLE 6 AGRICULTURAL CREDIT
Chapter IFarm Credit Administra tion, Department of Agriculture PCA Order 503
P art
72 C e n tr a l B a n k
fo r
C o o p e r a t iv e s
D ebentures
Title 6, Chapter I, of the Code of Fed eral Regulations is. hereby amended by the addition of Part 72 as follows:
APPLICATION FOR ISSUE
Sec.
72.1
Approval by Farm Credit Administra tion.
CUSTODIANSHIP OF COLLATERAL
72.2
72.3
72.4
72.5
72.6
72.7
72.8
72.9
72.10
72.11
Custodian an d Acting Custodian.
Bonding of Custodian and Acting Custodian.
Classification of collateral.
Segregation and safeguarding of col lateral.
Holding of cash and Government se curities.
Deposits and withdrawals of col lateral.
Subcollateral.
Disposition of collateral and subcol lateral in the event of default on Central Bank for Cooperatives de bentures.
Accounts and reports.
Audits.
LOST, STOLEN, DESTROYED, MUTILATED, OR
DEFACED DEBENTURES
72.12
72.13
72.14
72.15
72.16
72.17
72.18
Authorization for relief.
Application.
Affidavit.
Bond of indemnity.
Additional evidence.
Recovery of debenture or coupon re reported lost, stolen, or destroyed.
Immaterial mutilation or defacement.
A u t h o r it y : 72.1 to 72.18 issued under sec. 37, 48 Stat. 263; 12 U. S. C. 1134m, APPLICATION FOR ISSUE
72.1 Approval by Farm Credit Ad ministration. The Central Bank shall make written application to the Farm Credit Administration for approval of each issue of debentures. No debentures shall be issued without approval of the Farm Credit Administration" in writing.
Before approving each issue of deben tures, the Farm Credit Administration shall have a statement in writing by the Custodian of Collateral for debentures of the Central Bank for Cooperatives
that, as of the effective date of the issu ance, the collateral held by him or for his account securing debentures of the Central Bank, including the issue for which application is being made, will be adequate according to law and the rules and regulations of the Farm Credit Ad ministration.
CUSTODIANSHIP OF COLLATERAL
72.2 Custodian and Acting Custo dian.1 The Chief, Securities Section, Farm Credit Administration, has been appointed to serve, ex officio, as Custo dian of Collateral for debentures of the Central Bank for Cooperatives. The Chief, Registrar Section, Farm Credit Administration, has been appointed to serve, ex officio, as Acting Custodian of Collateral for debentures of the Central Bank for Cooperatives, to serve when the Custodian is absent or unavailable for any reason. The operating titles of these appointees shall be Custodian and Acting Custodian, respectively.
72.3 Bonding of Custodian and A ct ing Custodian. The Custodian and the Acting Custodian shall be covered under a fidelity bond with a corporate surety on the approved list of4he Treasury De partment and in the amounts of $50,000
and $25,000, respectively, to insure the faithful performance of their duties and provide against financial loss.
72.4 Classifications of collateral.
The Custodian shall accept, either origi nally or by substitution, collateral of the following classifications :
a Seasonal loans consisting of :
1 Commodity loans.
2 Operating capital loans.
3 Loans secured by Commodity Credit Corporation documents.
b Term loans consisting of:
1 Operating capital loans.
2 Facility loans.
c Participation in loans of classifi cations a and b made by the district banks for cooperatives or any of them.
d Direct loans to the district banks for cooperatves or any of them.
e Cash or direct obligations of the United States.
1See F. R. Doc. 49-7831 under Department of Agriculture, Farm Credit Administration, in Notices Section, infra.
Continued on next page
CONTENTS
Agriculture Department
Pas
See Farm Credit Administration;
Production and Marketing Ad ministration.
Alien Property, Office of Notices:
Vesting orders, etc.:
Borgert, W illy________________
Costs and expenses incurred in certain New York and Illinois court actions_______
Dieudonne, Hector, et al______
Funger, Felix, and Dr. Ernst Funger________ 1
___________ J
Huebner, Carl J. G ___________
Krause, William___________
Metzger, George J___________
N. V. Handelsmaatschappij Waldorf _________________
Obermayer, George, et al_____
Roland Kommandit Gesell schaft ____________________
Schumacher, Anna__________
Stricchi, Igina______________
Toedter, Henry O. G. W., and Marie Louise Toedter______
5953
5951
5952
5953
5953
5951
5952
5954
5954
5954
5952
5954
5955
Civil Aeronautics Board Notices :
El-Al Israel National Airlines Co., Ltd., hearing___________
5948
Farm Credit Administration Notices:
Central Bank for Cooperatives debentures; appointment of Custodian and Acting Cus todian of Collateral__________
Rules and regulations:
Central Bank for Cooperatives debentures__________________
5948
5913
Federal Communications Commission Notices:
Hearings, etc.:
Chanute Broadcasting Co____
Matheson Radio Co., Inc.
W H D H .e ta l____________
National Broadcasting Co., Inc. K O A ________________
V i l l a g e Broadcasting Co.
W E B S __________________
5948
5949
5949
5949
Federal Power Commission Notices :
Idaho Power Co.; notice of ap plication ____________________
5913
5949
