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FEDERAL
VOLUME 14

.

REGISTER
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NUMBER 213

Washington, Thursday, November 3, 1949

2 The services available, or to be made available by the association, are in Chapter III-Farmers Home Adminis proportion to the cost of membership.
3 The financial status of an existing tration, Department of Agriculture association or proposed operating plan Subchapter C Production and Subsistence Loans for a new association is such that the purchase of membership in the associa P art 345 M e m b e r s h ip i n C oo perative A s s o c ia t io n s tion will constitute a reasonably safe investment for the borrower.
PRODUCTION AND SUBSISTENC E LOANS
4 The association provides in its Chapter III of Title 6, Code of Federal organizational structure for such coop Regulations 13 F. R. 9376, is amended erative principles as: i No inequitable to add Part 345 as follows:
restrictions on membership; ii dis tribution of savings to member and non Sec.
345.1 Scope o f part.
member patrons in proportion to patron 345.2 G eneral.
age and iii one vote per member.
345.3 Loan lim ita tio n s an d req u irem en ts.
b No loans will be made for the 845.4 C ou n ty office ro u tin es.
acquisition of membership in any associ Authority : 345.1 t o 345.4 issu ed under ation engaged in, or which proposes to sec. 41 i , 60 S ta t. 1066;, 7 U. S. C. 1015 i .
engage in carrying on, any land pur Interpret and ap p ly secs. 21, 44 b , 60 S ta t.
chasing or land leasing program, or in 1072, 1069; 7 U. S. C. 1007, 1018 b .
the carrying on of any operation in col Derivation : 345.1 t o 345.4 co n ta in ed in FHA In str u c tio n 441.5.
lective farming or cooperative farming.
c Production and Subsistence loans 345.1 Scope of part. This part sup will not be made for the acquisition of plements the policies and procedures in Parts 342 and 343 of this chapter govern membership when a majority of the asso ing the making of Production nd Sub ciations capital requirements is, or will sistence loans for the acquisition of be, obtained through membership loans membership in incorporated farm pur from the Farmers Home Administration.
chasing and marketing associations and 345.4 County office routinesa other farm-service type cooperative Processing loan applications. Produc associations.
tion and Subsistencejoan applications to 345.2 General, a The objective of acquire membership in cooperative asso making Production and Subsistence loans ciations must conform to all require for acquisition of membership in co ments and procedures contained in Part operative associations is to enable farm 343 and approval authorities in Part ers and stockmen to have the benefits of 341 of this chapter.
participating as a member in farm pur b Security policies. Loans for this chasing and marketing, or other farmpurpose will be secured in accordance service type cooperative associations with the applicable provisions of Part 342
that are providing needed services in a of this chapter. In addition, loan ap community.
b The acquisition of membership in proval officials may require an assign either stock or non-stock associations ment or pledge of common stock or other may, when required for membership, in evidence of membership to secure the clude the purchase of 1 common loan.
stock, 2 membership certificates, 3
Dated: October 21, 1949.
certificates of investment, 4 certificates of equity or, 5 certificates of interest.
se a l
D illard B . L a sse t e r , Administrator, 345.3 Loan limitations and requires Farmers Home Administration.
nients. a Production and Subsistence loans may be made to eligible applicants Approved: October 31, 1949.
for acquiring memberships in coopera C h a r l e s F. B r a n n a n , tive associations when the following Secretary of Agriculture.
minimum conditions exist:
1 The association provides services IP. R. Doc. 49-8840; F iled , Nov. 2, 1949;
8:48 a. m.J
needed by borrowers at a reasonable cost.
TITLE 6 AGRICULTURAL CREDIT

CONTENTS
Agriculture Department
Fa&

See Farmers Home Administra tion; Federal Crop Insurance Corporation; Forest Service;
Production and Marketing Administration.

v
Alien Property, Office of
Notices:
Vesting orders, etc.:
Bolbrugge, Frieda E________ 6682
Molt, William 2 documents- 6682, 6683
Civil Aeronautics Administra tion
Rules and regulations:
Air traffic rules; danger area alterations_______________

6676

Civil Aeronautics Board
See also Civil Aeronautics Admin istration.
Rules and regulations r Economic regulations; free and reduced rate transportation of mail; free travel for postal employees------------------------ 6676
Coast Guard
Notices:
Approval of equipment________

6678

Commerce Department
See Civil Aeronautics Adminis tration.
Farmers Home Administration
Rules and regulations:
Production and subsistence loans for membership in cooperative associations__________ ___ 6673
Federal Crop poration
Insurance
Cor
Rules and regulations:
Crop insurance, 1950 and suc ceeding crop years:
Corn____________________ 6674
Tobacco--------------------------- 6675
Wheat___________________ 6675
Federal Power Commission
Notices :
Hearings, etc.:
Brazos River Conservation and Reclamation DistrictChambers, Leo F., Adelbert J.
Asmus___ _____________
Keilet, Ernest G., et al___
Michigan Wisconsin Pipe Line Co. and Michigan Consoli dated Gas Co___________
Northern Natural Gas Co__
6673

6680
6680
6680
6680
6680