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ONAL 4/p,
REGISTER

EDERAL
1934
VOLUME 23

O

a /i t
E O

NUMBER 110

Washington, Thursday, June 5, 1958

TITLE 6 AGRICULTURAL CREDIT
Chapter IV Commodity Stabilization Service and Commodity Credit Cor poration, Department of Agriculture Subchapter B Loans, Purchases, and Other Operations P art 421 G r a in s a n d R e la t e d C o m m o d it ie s SUBPART PROVISIONS FOR PARTICIPATION OF
FINANCIAL INSTITUTIONS IN POOLS OF CCC
PRICE SUPPORT LOANS OF CERTAIN COM
MODITIES

This subpart contains the regulations hereinafter called regulations in this subpart providing the terms and condi tions under which financial institutions may participate in pools of loans made to producers on certain agricultural com modities under price support programs announced by the Commodity Credit Corporation, U. S. Department of Agriculture.Sec.

421.3801 Definition of terms.
421.3802 Pooling o f price support program loan notes.
421.3803 Bate of interest and basis of com putation of interest earned.
421.3804 Maturity date of certificates.
421.3805 Disbursement of funds in connec tion with loans.
421.3806 Transfer of certificates.
421.3807 Exchange of certificates.
421.3808 Payment of face amount o f certifi cate.
421.3809 Payment of interest earned.
421.3810 Acceptance of documents by finan cial institutions.
421.3811 Acceptance of terms.
A u t h o r it y : 421.3801 to 421.3811 issued under sec. 4, 62 Stat. 1070, as amended; 15
b. S. C. 714b. Interpret or apply sec. 5, 62
Stat. 1072; 15 U. S. C. 714c.

421.3801 Definition of terms. As used in 421.3801 to 421.3811, the fol lowing terms shall have the following meanings:
a CCC shall mean the Commodity Credit Corporation of the U. S. Depart ment ofAgriculture.
b CSS shall mean the Commodity Stabilization Service, U. S. Department of Agriculture.
Cc Commodity Office shall mean 1
vith respect to certificate s payable through the Federal Reserve Bank of Chi3€o, the Evanston CSS Commodity Office located at 2201 Howard Street,
Evanston, Illinois, and 2 with respect CONTENTS
to certificate s payable through the Federal Reserve Bank of Kansas City, the Agricultural Marketing Service P8g Kansas City CSS Commodity Office lo Proposed rule making :
cated at 560 Westport Road, Kansas City Milk, north Texas marketing 41, Missouri.
area ; handling____________ _ 3930
d Financial institution shall mean Pears, fresh Bartlett, plums, and a commercial bank which accepts de Elberta peaches, California;
mand deposits, an association organized expenses and rates of assess pursuant to state law and supervised by ment, 1958-59 season--------- 3930
state banking authorities, or a produc Agriculture Department tion credit association.
See Agricultural Marketing Serv e Payees transit number shall ice; Commodity Credit Corpo mean the AB A transit number of com ration.
mercial banks or the transit number assigned by CCC to other eligible finan Alien Property Office Notices:
cial institutions.
Vested property, intention to re f Price support program loans turn:
shall mean loans approved under the de Ladoucette, Charles------- 3963
price support programs announced by Ide.Toshiwa______ ---------------3963
Commodity Credit Corporation pursuant Netherlands, Government of, to the Agricultural Act of 1949, as for benefit of J. J. van der amended, and related Acts.
3963
Eyk et al_______________
g Producer shall mean any person, Schoettler, Louis H -------------3963
firm, or association eligible to obtain price Strausz, Illona------- ---------------- 3963
support program loans.
Tillema, Pieter____ __:----------- 3963
h ASC County Office shall mean Tori, Vittoria, et al-------------- 3964
the Office of the Agricultural Stabiliza van den Bovenkamp, Antonia, tion and Conservation County Com et al_______________________ 3964
mittee for the county in which the producers farm is located on which the Army Department commodity approved for a price support See National Guard.
program loan was produced.
i Certificate Shall mean certificate Atomic Energy Commission of interest, the document which evidences Notices:
Babcock & Wilcox Co.; issuance the financial institutions participation in of utilization facility license- 3943
financing price support program loans.
j Producer note shall mean the producers note and supplemental loan agreement Commodity Loan Form A , producers note and loan agreement Commodity Loan Form B , producers note and loan agreement CCC Dry Bean Form B , or producers note and loan agreement CCC Rice Form B .
k Holder of record shall mean the financial institution shown as payee, as designated by the payees transit num ber, on the face of the certificate.
l Holder shall mean the holder of record or the financial institution which has acquired a certificate by transfer pursuant to 421.3806.
- 421.3802 Pooling of price support program loan notes. Commencing with the 1958 crop year CCC will place in a single pool for each crop year all pro ducer notes evidencing price support program loans on barley, com, dry ediContinued on p. 3915

Civil Aeronautics Administra tion Rules and regulations:
Designated positive c o n t r o l :
route segments_______________

3917

Civil Aeronautics Board Rules and regulations:
Positive air traffic control ex periment; special civil air regulation__as------------ 1 -

3916

Commerce Department See Civil Aeronautics Administra tion.

Commodity Credit Corporation Rules and regulations:
Grains and related commodi ties; provisions for participa tion of financial institutions in pools of CCC price support loans on certain commodities _

Defense Department See National Guard.
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