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REGSTER

FEDERAL
VOLUME 8

1934

NUMBER 205

O h it é O

Washington, Friday, October IS, 1943
7

Regulations TITLE 6AGRICULTURAL CREDIT
Chapter IFarm Credit Administration P art 14J oint S tock L and B anks APPLICABILITY OF FEDERAL LAND BANK RULES
AND REGULATIONS TO JO IN T STOCK LAND
BANKS

Section 14.1 of Title 6, Code of Federal Regulations is hereby amended to read as follows:
14.1 Applicability of Federal land bank rules and regulations. The follow ing rules and regulations pertaining to the Federal land bank system set out heretofore in Part 10 apply also to joint stock land banks except to such extent as the rules and regulations, by their terms or necessary inference, are re stricted to Federal land banks or are otherwise inapplicable to joint stock land banks:
Section Subject 10.25 Normal argricultural value basis.
10t o 8 Insurance requirements for bank 10.197 loans10521Lost, stolen, destroyed, mutilated, or 10525/ defaced bonds and coupons.

Sec. 6,47 Stat. 14, sec. 16,39 Stat. 374; 12
U.S.C. 665, 813
W . E. R hea,
Land Bank Commissioner.
IF. R. Doc. 43-16756; Filed, October 14, 1943;
11:24 a. m.

P art 70L oan "I nterest R ates and S ecurity CAPITAL STOCK OWNERSHIP REQUIRED OF
BORROWING COOPERATIVES

Section 70.78 of Title 6, Code of Federal Regulations, is hereby amended to read as follows:
70.78 Capital stock ownership re quired of borrowing cooperatives. Co operative associations borrowing from a bank for cooperatives shall be required to own, at the time the loan is made, an amount of stock of the bank as follows:

a Operating capital and facility loans. An amount of stock of the bank equal in fair book value not to exceed par, as determined by the bank, to $100
per $2,000 or fraction thereof of the amount of the loan.
b Commodity loans; loans secured by Commodity Credit Corporation docu ments. An amount of stock equal in fair book value not to exceed par, as de termined by the bank, to $100 per $10,000
or fraction thereof of the amount of the loans exclusive ot-any loans made for the purchase of stock; Provided, how ever, That stock owned by a borrower in connection with any operating capital or facility loans may be regarded as meet ing the stock ownership requirements in connection with either commodity loans or Commodity Credit Corporation se cured" loans, to the extent that such stock equals $100 per $10,000 of the sum of such commodity or Commodity Credit Corporation secured loans.
Secs. 35 a. 42, 48 Stat. 263, 264, sec.
15 a, 49 Stat. 318; 12 U.S.C. 1134k, 1134d, 1134k a seal
S. D. S anders, Cooperative Bank Commissioner.
F. R. Doc. 43-16724; Filed, October 13, 1943;
4:18 p. m.

CONTENTS
REGULATIONS AND NOTICES
Alien P roperty C ustodian :

Page
Divesting orders:
Erber, Bernhard_____ v-------- 14055
Goldman, Bronislau________ 14055
Henry, Harold G----------------- 14056
Montfort Investment Co___ 14056
National Cash Register Co.
3 documents_ 14057,14058
N o r w e g i a n Government, Laboratory for Raw Materials______________ 14056
Sciaky, David______________ 14058
Vesting orders:
Bencs, Stephen____________ 14059
Jacubauskis, John__________ 14058
Rheinmetall-Borsig A. G___ 14055
C ivil S ervice C om m ission :

Apportionment, condition at close of business on: <&
June 30, 1943______________ 14054
September 30, 1943________ 14054
C oal M in es Adm inistration :

Termination of possession and control, all mines now held by Government.._________ 14054
C oast G uard:

Inspection and navigation;
amendments to regulations and approval of equipment. 14052
C ustoms B ureau :

P art 71L oan P olicies LENDING LIM ITS OF DISTRICT BANKS FOR
COOPERATIVES

Section 71.3 of Title 6, Code of Federal Regulations, is hereby amended and 71-4 is hereby added to read as follows:
71.3 Lending limits of district banks for cooperatives. Except with the writ ten approval of the Cooperative Bank Commissioner, the lending limits of each district bank for cooperatives are hereby fixed, as to each borrower, so that at any time:
a Facility loans may not exceed 10
percent of a banks capital and surplus;
b Operating capital loans may not exceed 15 percent of a banks capital and surplus;
c Commodity loans except loans secured by Commodity Credit CorporaContinued on next page
Imports from contiguous foreign . territory; unlading permits. 14038
F arm C redit Administration :

Joint stock land banks; appli cability of Federal land bank rules______________
Loan interest rates, etc.; capital stock ownership required of borrowing cooperatives___
Loan policies; lending limits of district banks for coopératives___________________

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F ederal T rade C om m ission :

Superior Humus & Peat Moss Corp., cease and desist or der ___________________ 14038
I nterstate C ommerce C om m ission :

Carriers by motor vehicle;
transportation of explosives and other dangerous arti cles ____________________ 14053
Continued on next page
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