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CODIFICATION GUIDE Con.
7 CFR

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722 2 documents______ _ 9693,9703
730_________ :_______,___ ____ j. 9704
9705
813______________
833______________________
9706
845________ ___ l ----------- ------ 9706
850_____._________ ____________ 9707
909________
9707
953_____________ ___________ 9708
1015______ ____ ____ ____ :_____ 9708
Proposed rules:
905___
9742
987_____,___ _____ _____ __ 9742
1014__
9742

12 CFR
555________ ________ __ .____ 9693

14 CFR
Proposed rjiles:
5072 documents____ ________9746

15 CFR
364________________

16 CFR

9709

-

13 5 documents__________ 9734, 9735

17 CFR
257_______ -_____ ____________ 9724

21 CFR
15_______ ____ _____ 9729
121________
146a.____.__,______________

32 CFR

2
Amend paragraph c of 555.4
to read as follows:
c Servicing of agent for; right of Federal association to act as. The serv icing of loans by a Federal association under J 545.11 of this subchapter can be undertaken to such extent as would be reasonably incidental to the accomplish ment of its express objects. For ex ample, an association may agree to service loans for others to whom it sells loans. However, there is no corporate power in Federal associations to act as loan servicing agent for the general public.
Resolved further, That since the afore said amendments contain only state ments of general policy or interpreta tions of substantive rules adopted or for mulated by the Board for the guidance Secs. 1-4 issued under Pub. Law 86-80, 73 of the public, the requirements of notice Stat. 177 > -
and public procedures set out in 508.12
Issued this 30th day of November 1959. of the general regulations of the Federal Home Loan Bank Board 12 CFR
W alter C. B erger, 508.12 and section 4a of the Admin Executive Vice Presidenty istrative Procedure Act do not apply, Commodity Credit Corporation.
and for thé same reasons, deferment of F.R. Doc. 59-10244; Piled, Dec. 3, 1959; the effective date is not required under 8:48 a.m.J
section 4c of the Administrative Pro cedure Act.
By the Federal Home Loan Bank Board.

modity below his 1959 production in or der to be eligible for nonrecourse price support on the commodity in excess of $50,000.00. The reduction in production shall be made on an acreage basis and the acreage represented by such reduc tion shall not be put into production of the commodity by any other person.
3. The limitations on nonrecourse price support apply to the 1960 crop of the commodity.
4. Provisions implementing this notice, including provisions which will preclude arrangements entered into by producers in the production of tobacco on farms in 1960 from having the effect of circum venting these provisions of law, will be included in regulations to be issued by the Department of Agriculture at a later date.

Title 12 BANKS AND BANKING
9730
9730

25 CFR
Proposed rules:
1___ ______,__ ___ ;___T__ _

9693

FEDERAL REGISTER

Friday , Decem ber 4, 1959

9741

Chapter V Federal Home Loan Bank Board SUBCHAPTER C FEDERAL SAVINGS AND
LOAN SYSTEM

No. 12946

1.. . ______
9710
PART 555 BOARD RULINGS
9712
3 _________
6_______ ___ _________ :______ _ 9713 Amendment of Rulings Relating to 7._____
9713
Escrow Business and Real Estate 8 ________________.___ _____ 9714
Loans 11 ________________
9714
N ovember 25,1959.
12 _
9718
Resolved that the Federal Home Loan 14_____
_______ ______ ___ 9719
16.___:
_____ _______ _ 9719 Bank Board, upon the basis of consider 30..____
. . . j __________
9720 ation by it of the advisability of amend 1001______
9723 ment of 555.2 and 555.4 of the rules and regulations for th e Federal Savings and Loan System 12 CFR 555.2 and 12
32A CFR
CFR 555.4 as hereinafter set forth, and NSA Ch. X V I I I :
9736 for the purpose of effecting such amend AGE-2__ ________
ments, hereby amends said sections as 47 CFR
follows, effective December 4,1959:
2 _ ___ 9736
1 Amend 555.2 to read as follows:
4 --------- ------------- :___ _-_____ 9737 555.2 Escrow business; power to en 6-------9737
gage in.
21__
9737
A Federal association has no power, Proposed rules:
8____ _____________ i____ _ 9747 express or implied, to act generally as an agent for the public in handling es crows. However, a Federal association types 11-14; fire-cured, types 22-23; firemay handle escrows related to real es cured, type 21; Burley, type 31; Mary tate loans it makes and, to an extent land, type 32, dark air-cured, types 35- reasonably incidental to the accomplish 36; Virginia sun-cured, type 37; cigar ment of its express objects, may handle filler and cigar binder, types 42-44 and escrows for others involving the type of 53
55; cigar filler, type 46; and cigar real estate transactions that are common binder, types 51-52. The term comto the savings and loan business. In the Biodity hereinafter used in this notice handling of any escrow, a Federal asso shall be deemed to refer to each one of ciation may not assume duti s or respon the kinds of tobacco specified in this sibilities or perform acts which are in conflict with the limitations on its power Paragraph.
2- Each person shall be required to imposed by the Home Owners Loan Act niake a 20 percent reduction in his pro of 1933, as amended, and regulations duction of the 1960 crop of the comthereunder or its charter.

seal
H arry W . Caulsen ,
Secretary.
F.R. Doc. 59-10251; Filed, Dec. 3, 1959;
8:49 a-.m.

Title-7 AGRICULTURE
Chapter VII Commodity Stabilization Service Farm Marketing Quotas and Acreage Allotments, Depart ment of Agriculture Amdt. 1

PART 722 COTTON
Subpart Regulations Pertaining to Acreage Allotments for the 1960
Crop of Upland Cotton Count V A llotment ; A llocations to C ounties F rom S tates S hare op N a tional R eserve and F rom S tate R e
serve ;
R emainder of the S tate R eserve; A llotments for O ld C otton F arms
Basis and purpose. The purpose of this amendment is to establish county allotments showing components thereof computed county allotment, allocation from States share of national reserve;
adjustments from State reserve for trends and abnormal conditions ; allo cations to counties from State reserve for small farms and to correct inequities and prevent hardship; and to establish the remainder of State reserve which is available for allocation to counties for new farms, late and reconstituted farms and correction of errors. In addition, this amendment clarifies the procedure for establishing farm allotments for farms which were new farms in 1959.
The amendments contained herein are issued pursuant to the Agricultural Ad-