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Informational Memorandum
Subject:Annual Adjustment of the 1998 Annual Report Disclosure Threshold for 1997 CEO Compensation
Date of Memorandum:02/06/1998
Expiration Date:
Office:OPA
Signed By:McKenzie, Thomas
FCA Contact Person:Dunn, William
Contact Phone:703-883-4489
List of Attachments:

INFORMATIONAL MEMORANDUM




February 6, 1998


To: Chairman, Board of Directors
Chief Executive Officer
All Farm Credit Banks and Associations

From: Thomas G. McKenzie, Director
Office of Policy and Analysis

Subject: Annual Adjustment of the 1998 Annual Report Disclosure Threshold for 1997 CEO Compensation


Farm Credit Administration regulation at 620.5(i)(2)(i)(A) establishes the threshold for determining when CEO compensation must be disclosed in the annual report. The threshold is adjusted annually to reflect changes in the Consumer Price Index (CPI). The adjustment used is the annual percentage change in the CPI.

The percentage change in the CPI for 1997 compared with 1996 was: The threshold for disclosure of fiscal year 1997 CEO compensation in annual reports released in 1998 is $162,450. 1996 CEO compensation threshold of $158,806* 2.2945 percent, rounded = $3,644 increase. If you have any questions regarding the annual adjustment process, please call William Dunn, Risk Analysis Division, (703) 883-4455.