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FEDERAL
VOLUME 10

1934

O A fiT E D

NUMBER 48

,
Washington Thursday, March 8, 1945
The President EXECUTIVE ORDER 9529
R einstating P aul H . A lling F oreign S ervice . op the S tates
in
the U nited
N o te : Executive Order 9529, dated March 3, 1945, was filed with the Divi sion of the Federal Register as Docu ment No. 45-2019 NP on March 6,1945, at 2:50 p. m.

Regulations TITLE 6AGRICULTURAL CREDIT
Chapter IFarm Credit Administration P art 10 F ederal L and B anks
CONDITIONAL PAYMENTS

Part 10 of Chapter I, Title 6, Code of Federal Regulations is hereby amended by amending 10.238, 10.241, 10.24F-50
and 10.242, and by adding 10.241-20, 10.241-30, 10.241-60, 10.241-70 and 10.241- 80 to read as follows:
10.238 Conditional -payments; unre lated loans. In those cases in which a borrower has indebtedness to the bank, the Corporation, or both, which is not secured by the same or common real property, determination should be made by the bank, on the basis of the facts in each case, as to the indebtedness or in debtednesses on which conditional pay ments are to be accepted and held for subsequent credit. When conditional payments are accepted in these cases, they shall be subject to all the provisions of the regulations in this part governing .conditional payments insofar as prac ticable.
10.241 Application of conditional payments not involving transfers lyetween the bank and the Corporation.
Subject to any limitations contained in the Federal Farm Loan Ac$, the bank shall apply conditional payments on the borrowers indebtedness in connection with which they are held, or on other indebtedness to the bank when such in debtedness is secured by the same or
common real property, in accordance with the following terms and conditions:
a As the borrower may direct in writing, the bank shall pay out of con ditional payments held for the borrow ers credit any portion of the indebted ness to the bank on regular installment dates; and, upon the written request of the borrower, the bank may, at any time, pay out of conditional payments held for the borrowers credit any portion of the indebtedness to the bank.
b At its option the bank may pay out of conditional payments held for the borrowers credit on his bank indebted ness any portion of the indebtedness to the bank as and when the same becomes due and payable.
c If at any time the balance of un applied conditional payments held for a borrowers credit together with the in terest allowance thereon equals or ex ceeds the total amount of the indebted ness, the whole indebtedness shall be come due and payable at once and shall be paid out of such balance.
d In the event of the borrowers death or bankruptcy, or in the event of transfer of the indebtedness by the bank or conveyance of title to the property securing the indebtedness by the bor rower, the bank at its option may apply all or any portion of the conditional pay ments held for the borrowers credit on the indebtedness.
10.241-20 Application; unrelated loans. At the borrowers written request the bank may pay out of conditional payments held for the borrowers credit, any portion of the borrowers indebted ness to the bank that is not secured in whole or in part by the same property securing the indebtedness to which the funds were allocated when received.
10.241-30 Conditional payments held by Corporation. The provisions of 10.241 and 10.241-20 shall apply with equal force to any application on the bor rowers indebtedness to the Corporation from the conditional payments held by the Corporation for the borrowers credit; for this purpose the term Corpo ration shall be substituted for the term bank.
10.241-50 Transfer of conditional payments from bank to Corporation;
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CONTENTS
THE PRESIDENT
E xecutive O rder:

Page
Ailing, Paul H.; reinstatement in Foreign Service of U. S__ 2599
REGULATIONS AND NOTICES
A l ie n P roperty Cu sto dian :

Vesting orders:
Daijingu Temple__________
Reher, E m m a __________
Saito, Kinji______________
Schaeffer, Henry__________
Takahashi, Tokue____ _____
Takara, Taru_____________

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C ivil A eronautics A dm inistration :

Control airports designated, Norfolk, Va 2608
C ivil A eronautics B oard:

Hearings, etc.:
Braniff Airways, In________ 2626
National Airlines, Inc.; Jacksonville-Miami nonstop service_______________ 2625
F arm C redit A dm inistratio n :

Federal land banks, conditional payments_______________

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F ederal C ommunications C o m m is
s io n :

Hearings:
Copper City Broadcasting Corp_________________
Helena Broadcasting Co____

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F ederal C rop I nsurance C orpora t io n :

Corn crop insurance regulations, 1945_________

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I nternal R evenue B ureau :

Construction reserve funds;
election relative to nonrec ognition of gain in connec tion with certain vessels___ 2608
I nterstate C ommerce C o m m issio n :

Garbanzos, shipment from Houston, Tex. 2 docu m ents_____________ 2631,2632
Hay, restriction of movement;
order vacated----------------- 2625
Icing permits:
Cabbage:
Baltimore, Md. 2 docu m ents_________ 2629,2630
Chicago, HI_____________ 2628
Detroit, Mich. 2 docu ments _________ 2628,2630
Jersey City, N. J ________ 2628
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