Federal Register / Vol. 65, No. 127 / Friday, June 30, 2000 / Rules and Regulations 40491

(d) You may not serve as an officer or

director of an entity that transacts

business with any System institution in

your institution’s territory or any

commercial bank, thrift institution, or

other non-System financial institution

in your institution’s territory, except

employee credit unions. For purposes of

this section, ‘‘transacts business’’ does

not include System institution loans to

a family-owned entity, service on the

board of directors of the Federal

Agricultural Mortgage Corporation, or

transactions with nonprofit entities or

entities in which the System institution

has an ownership interest.

(e) If you are an officer or employee

of a bank or association you may serve

as a director of a cooperative that

borrows from another System institution

only after approval of your board,

subject to your institution’s policies and

procedures.

§ 612.2230 May I own or buy System

obligations?

(a) If you are an officer or employee

of a System institution other than the

Federal Farm Credit Banks Funding

Corporation (Funding Corporation) you

may only buy joint, consolidated, or

Systemwide obligations that are both:

(1) Part of an offering available to the

public, and

(2) Bought in the secondary market or

through a dealer or dealer bank

affiliated with a member of the selling

group designated by the Funding

Corporation.

(b) If you are an officer or employee

of the Funding Corporation you may not

acquire, directly or indirectly, any joint,

consolidated, or Systemwide

obligations, except by inheritance.

§ 612.2235 What happens if I violate my

duties?

If you violate your duties, FCA may

take action against you under 12 CFR

part 622 of our regulations, and may

impose civil money penalties and

suspensions.

Subpart D—Standards of Conduct

Official Duties

§ 612.2300 What are my duties as a

Standards of Conduct Official?

As a Standards of Conduct Official

you:

(a) Advise directors, director

candidates, officers, and employees

about this part;

(b) Receive reports required by this

part;

(c) Make determinations required by

this part;

(d) Maintain records of your actions;

and

(e) Investigate as directed by your

board.

§ 612.2305 What must I investigate as a

Standards of Conduct Official?

As a Standards of Conduct Official

you must investigate or ensure

investigation of all:

(a) Possible director, officer,

employee, or agent violations of

criminal statutes;

(b) Possible violations of this part or

your institution’s policies and

procedures;

(c) Complaints against directors,

officers, and employees; and

(d) Activities or suspected activities

that could affect continued public

confidence in the System.

§ 612.2310 What must I report as a

Standards of Conduct Official?

(a) As a Standards of Conduct Official

you must promptly report to your board

and our Office of General Counsel:

(1) Any preliminary investigation that

shows a director, officer, employee, or

agent may have violated a criminal

statute;

(2) The removal of a director or agent

or discharge of an officer or employee as

a result of an investigation; and

(3) Any matter that may have an

adverse impact on continued public

confidence in the System or any of its

institutions.

(b) You must periodically report to

your board on other significant matters

you handle as a Standards of Conduct

Official.

Subpart E—Standards of Conduct for

Agents

§ 612.2400 What are my duties as an

agent?

You must maintain high standards of

honesty, integrity, and impartiality to

ensure proper performance of System

business and continued public

confidence in the System. You must

avoid misconduct and conflicts of

interest.

PART 614—LOAN POLICIES AND

OPERATIONS

2. The authority citation for part 614

continues to read as follows:

Authority: 42 U.S.C. 4012a, 4104a, 4104b,

4106, and 4128; secs. 1.3, 1.5, 1.6, 1.7, 1.9,

1.10, 1.11, 2.0, 2.2, 2.3, 2.4, 2.10, 2.12, 2.13,

2.15, 3.0, 3.1, 3.3, 3.7, 3.8, 3.10, 3.20, 3.28,

4.12, 4.12A, 4.13, 4.13B, 4.14, 4.14A, 4.14C,

4.14D, 4.14E, 4.18, 4.18A, 4.19, 4.25, 4.26,

4.27, 4.28, 4.36, 4.37, 5.9, 5.10, 5.17, 7.0, 7.2,

7.6, 7.8, 7.12, 7.13, 8.0, 8.5 of the Farm Credit

Act (12 U.S.C. 2011, 2013, 2014, 2015, 2017,

2018, 2019, 2071, 2073, 2074, 2075, 2091,

2093, 2094, 2097, 2121, 2122, 2124, 2128,

2129, 2131, 2141, 2149, 2183, 2184, 2199,

2201, 2202, 2202a, 2202c, 2202d, 2202e,

2206, 2206a, 2207, 2211, 2212, 2213, 2214,

2219a, 2219b, 2243, 2244, 2252, 2279a,

2279a–2, 2279b, 2279c–1, 2279f, 2279f–1,

2279aa, 2279aa–5); sec. 413 of Pub. L. 100–

233, 101 Stat. 1568, 1639.

Subpart L—Actions on Applications;

Review of Credit Decisions

§ 614.4440 [Amended]

3. Amend § 614.4440(f) by removing

‘‘, subpart B’’ in the last sentence.

Dated: June 19, 2000.

Vivian L. Portis,

Secretary, Farm Credit Administration Board.

[FR Doc. 00–16054 Filed 6–29–00; 8:45 am]

BILLING CODE 6705–01–P

FEDERAL HOUSING FINANCE BOARD

12 CFR Part 997

[No. 2000–15]

RIN 3069–AA92

Determination of Appropriate PresentValue Factors Associated With

Payments Made by the Federal Home

Loan Banks to the Resolution Funding

Corporation; Correction

AGENCY: Federal Housing Finance

Board.

ACTION: Final rule; correction.

SUMMARY: The Federal Housing Finance

Board (Finance Board) published in the

Federal Register of April 3, 2000, a final

rule implementing provisions of the

Gramm-Leach-Bliley Act (GrammLeach-Bliley) that changed the

methodology for determining the

amount of the payments to be made by

the Federal Home Loan Banks (Banks) to

the Resolution Funding Corporation

(REFCORP). The final rule omitted a

reference to the value of an annuity, as

referenced in Gramm-Leach-Bliley, in

one section of the rule. This document

corrects that omission.

EFFECTIVE DATES: Effective on June 30,

2000.

FOR FURTHER INFORMATION CONTACT:

Thomas E. Joseph, Attorney-Advisor,

(202) 408–2512, josepht@fhfb.gov, or by

regular mail at the Federal Housing

Finance Board, 1777 F Street, N.W.,

Washington, D.C. 20006. A

telecommunication device for deaf

persons (TDD) is available at (202) 408–

2579.

SUPPLEMENTARY INFORMATION:

Need for Correction

In FR Doc. 00–8116, published in the

Federal Register on April 3, 2000 (65 FR

17435), the Finance Board added new

40492 Federal Register / Vol. 65, No. 127 / Friday, June 30, 2000 / Rules and Regulations

part 997 to its regulations to implement

provisions of Gramm-Leach-Bliley, Pub.

L. No. 106–102, 113 Stat. 1338, 1455–56

(Nov. 12, 1999) related to adjustments in

the end-date for the statutorily required

annual payments made by the Banks to

REFCORP. In § 997.5 of this new part,

the annual value of the annuity

referenced in section 607 of GrammLeach-Bliley was inadvertently omitted.

To avoid any confusion as to the

meaning of the rule, this correction adds

the relevant value to the final rule.

Correction of Publication

For the reasons set forth above, the

Finance Board hereby corrects FR Doc.

00–8116, published in the Federal

Register on April 3, 2000 (65 FR 17435)

as follows.

§ 997.5 [Corrected]

1. On page 17438, in the third

column, add to § 997.5, paragraph (a),

line 8, the phrase ‘‘of $300 million per

year’’ after the word ‘‘annuity.’’

Dated: June 22, 2000.

By the Board of Directors of the Federal

Housing Finance Board.

Bruce A. Morrison,

Chairman.

[FR Doc. 00–16543 Filed 6–29–00; 8:45 am]

BILLING CODE 6725–01–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Airspace Docket No. 00–ASO–12]

Establishment of Class D Airspace;

Stuart, FL

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Final rule.

SUMMARY: This action establishes Class

D airspace at Stuart, FL. Air traffic

controllers at Witham Field in Stuart,

FL, will be certificated weather

observers by October 5, 2000. Therefore,

the airport will meet criteria for Class D

airspace on October 5, 2000. Class D

surface area airspace is required when

the control tower is open to

accommodate current Standard

Instrument Approach Procedures

(SIAPs) and for Instrument Flight Rules

(IFR) operations at the airport. This

section establishes Class D airspace

extending upward from the surface to

and including 2,500 feet MSL within a

4-mile radius of the Witham Field

Airport.

EFFECTIVE DATE: 0901 UTC, October 5,

2000.

FOR FURTHER INFORMATION CONTACT:

Nancy B. Shelton, Manager, Airspace

Branch, Air Traffic Division, Federal

Aviation Administration, P.O. Box

20636, Atlanta, Georgia 30320;

telephone (404) 305–5627.

SUPPLEMENTARY INFORMATION:

History

On May 5, 2000, the FAA proposes to

amend part 71 of the Federal Aviation

Regulations (14 CFR part 71) by

establishing Class D airspace at Stuart,

FL (65 FR 26154). Designations for Class

D airspace extending upward from the

surface of the earth are published in

FAA Order 7400.9G, dated September,

1, 1999, and effective September 16,

1999, which is incorporated by

reference by 14 CFR part 71.1. The Class

D designations listed in this document

will be published subsequently in the

Order.

Interested parties were invited to

participate in this rulemaking

proceeding by submitting written

comments on the proposal to the FAA.

No comments objecting to the proposed

were received.

The Rule

This amendment to Part 71 of the

Federal Aviation Regulations (14 CFR

part 71) establishes Class D airspace at

Key West NAS.

The FAA has determined that this

regulation only involves an established

body of technical regulations for which

frequent and routine amendments are

necessary to keep them operationally

current. It, therefore, (1) is not a

‘‘significant regulatory action’’ under

Executive Order 12866; (2) is not a

‘‘significant rule’’ under DOT

Regulatory Policies and Procedures (44

FR 11034; February 26, 1979); and (3)

does not warrant preparation of a

regulatory evaluation as the anticipated

impact is so minimal. Since this is a

routine matter that will only affect air

traffic procedures and air navigation, it

is certified that this rule will not have

a significant economic impact on a

substantial number of small entities

under the criteria of the Regulatory

Flexibility Act.

List of Subjects in 14 CFR Part 71

Airspace, Incorporation by reference,

Navigation (air).

Adoption of the Amendment

In consideration of the foregoing, the

Federal Aviation Administration

amends 14 CFR Part 71 as follows:

PART 71—DESIGNATION OF CLASS A,

CLASS B, CLASS C, CLASS D AND

CLASS E AIRSPACE AREAS;

AIRWAYS; ROUTES; AND REPORTING

POINTS

1. The authority citation for 14 CFR

Part 71 continues to read as follows:

Authority: 49 U.S.C. 106(g); 40103, 40113,

40120; EO 10854, 24 FR 9565, 3 CFR, 1959–

1963 Comp. p. 389; 14 CFR 11.69.

§ 71.1 [Amended]

2. The incorporation by reference in

14 CFR 71.1 of Federal Aviation

Administration Order 7400 9G, Airspace

Designations and Reporting Points,

dated September 1, 1999, and effective

September 16, 1999, is amended as

follows:

Paragraph 5000 Class D Airspace.

* * * * *

ASO FL D Stuart, FL [New]

Witham Field Airport, FL

(Lat. 27°10′54′′N, long. 80°13′16′′W)

That airspace extending upward from the

surface to and including 2,500 feet MSL

within a 4-mile radius of Witham Field

Airport. This Class D airspace area is

effective during the specific dates and times

established in advance by a Notice to

Airmen. The effective date and time will

thereafter be continuously published in the

Airport/Facility Directory.

* * * * *

Issued in College Park, Georgia, on June 22,

2000.

Wade T. Carpenter,

Acting Manager, Air Traffic Division,

Southern Region.

[FR Doc. 00–16660 Filed 6–29–00; 8:45 am]

BILLING CODE 4910–13–M

SOCIAL SECURITY ADMINISTRATION

20 CFR Part 416

RIN 0960–AE77

Denial of Supplemental Security

Income (SSI) Benefits for Fugitive

Felons and Probation and Parole

Violators

AGENCY: Social Security Administration

(SSA).

ACTION: Final rules.

SUMMARY: These final regulations

change our rules to reflect an

amendment to the Social Security Act

(the Act) made by Public Law (Pub. L.)

104–193, the Personal Responsibility

and Work Opportunity Reconciliation

Act of 1996. The amendment prohibits

payment of SSI benefits to certain

fugitives and probation and parole

violators.