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FEDERAL
VOLUME 22

REGISTER

/ , 934
C

NUMBER 123

Washington, Wednesday, June 26, 1957

TITLE 6 AGRICULTURAL CREDIT
Chapter I Farm Credit Administration Subchapter F Banks for Cooperatives Farm Credit Administration Order 661

Chapter IV Commodity Stabilization Service and Commodity Credit Cor poration, Department of Agricul ture Subchapter D Regulations Under Soil Bank Act
P ar t 71 L o a n P o l ic ie s
P ar t 485 Son. B a n k
LENDING LIM ITS OF DISTRICT BANKS FOR
COOPERATIVES

S u b p a r t A creage R eserve P rogram
Section 71.1 of Title 6 of the Code of Federal Regulations is hereby amended, effective July 1, 1957, to read as follows:
71.1 Lending limits of district banks for cooperatives. Except with the writ ten approval of the Director of Coopera tive Bank Service, the lending limits of each district bank for cooperatives are hereby fixed so that loans to any one bor rower outstanding at any time exclu sive of /participations therein sold to others may not exceed the following percentages of the sum, as of the close of the preceding fiscal year, o f the banks capital stock including guaranty fund equivalents, surplus reserved, surplus allocated to patrons, and reserve for contingencies:
a Facility loans, 20 percent;
b Operating capital loans, 20 per cent;
c Commodity loans excluding loans secured by Commodity Credit Corpora tion documents, 25 percent;
d The sum of facility and operating capital loans, 20 percent;
e The sum o f facility, operating capi tal, and commodity loans excluding loans secured by Commodity Credit Corporation documents, 35 percent;
Provided, however, Th at a loan made within established limits, but which be comes excessive by virtue of a subse quent decrease in the banks capital stock including guaranty fund equivalents, surplus reserved, surplus allocated to pa trons, and reserve for contingencies, may be retained and liquidated in an orderly manner.
N Secs. 38, 41, 48 Stat. 264, as amended; 12
b. S. C., 1134J, 1134c seal
R. B. T o o t e l l , Governor, Farm Credit Administration.

IF. R. Doc. 57-5176; Filed, June 25, 1957;
8:47 a. m .

REDEMPTION OF CERTIFICATES IN GRAIN
APPLICABLE PERIOD

Section 485.251 of the regulations con tained in 21 F. R. 6881, 8129 and 8131
and in 22 F. R. 22 governing the redemp tion o f certificates in grain under the acreage reserve part o f the Soil Bank Program is hereby amended by deleting the second sentence and inserting in lieu thereof the sentence, The terms and conditions contained in 485.251 through 485.264 shall apply only to certificates issued for participation in the 1956 acre age Reserve Program. , so that the amendd section reads as follows:
485.251 Purpose. The purpose of the regulations in 485.251 to 485.264 is to set forth the terms and conditions under which certificates issued to pro ducers with respect to wheat, corn, and rice for participation in the acreage re serve part of the Soil Bank Program will be redeemed by Commodity/Credit Cor poration hereinafter referred to as CCC in grains in lieu of cash. The terms and conditions contained in 485.251 through 485.264 shall apply only to certificates issued for participa tion in the 1956 Acreage Reserve Pro gram. ThCy-Secretary reserves the right upon notice to modify, amend or revise any of the provisions of the regulations in 485.251 to 485.264 at any time.
Sec. 124, 70 Stat. 198; 7 U. S. C. 1812. In ter prets or applies sec. 105, 70 Stat. 190; 7
U. S. C. 1823

Issued this 17th day of June 1957 at Washington, D. C.
seal
T

rue
D. M orse ,
Acting Secretary of Agriculture.
F. R. Doc. 57-5174; Filed, June 25, 1957;
8:47 a. m.J

CONTENTS
Agricultural Marketing Service
Pa&

Notices:
Colfax Sales Co.; deposting of 4481
stockyard_________
Wayland Sales Co., Inc., and Casper Sales Pavilion; pro posed posting of stockyards.. 4481
Rules and regulations:
Milk, Shreveport, La., market ing area; handling__________ 4471
Plums, fresh, California; regu lation by grades and sizes 5
documents _____________ 4467-4470

Agricultural Research Service Proposed rule making :
N Quarantine notices, domestic;
soybean cyst nematode; A r kansas._____ "tfl______________

4472

Agriculture Department See Agricultural Marketing Serv ice; Agricultural Research Serv ice; Commodity Credit Corpora tion; Commodity Stabilization Service.

Civil Aeronautics Administra tion Proposed rule making:
Technical standards orders for a i r c r a f t materials, parts, processes, and appliances;
flight and powerplant instru ments _________ _____________

4478

Civil Aeronautics Board Notices:
Hughes T W A-Atlas-Northeast Airlines possible common con trol case; hearing__________ _

4485

Commerce Department See Civil Aeronautics Administra tion.

Commodity Credit Corporation Notices:
Cotton, 1956 crop loan; pur chase___________
Rules and regulations :
Soil bank, acreage reserve pro gram:
Redemption of certificates in grain applicable period____
Redemption of 1957 certifi cates in grains_____________
4463

4482

4463
4464