12 CFR § 604.400 - Definitions.

---
identifier: "/us/cfr/t12/s604.400"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 604.400 - Definitions."
title_number: 12
title_name: "Banks and Banking"
section_number: "604.400"
section_name: "Definitions."
chapter_name: "FARM CREDIT ADMINISTRATION"
subchapter_number: "A"
subchapter_name: "ADMINISTRATIVE PROVISIONS"
part_number: "604"
part_name: "FARM CREDIT ADMINISTRATION BOARD MEETINGS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Secs. 5.9, 5.17 of the Farm Credit Act; 12 U.S.C. 2243, 2252."
cfr_part: "604"
---


# 604.400 Definitions.

For purposes of this part:

(a) *Agency* means the Farm Credit Administration.

(b) *Board* means the Farm Credit Administration Board.

(c) *Exempt meeting* and *exempt portion of a meeting* mean, respectively, a meeting or that part of a meeting designated as provided in § 604.430 of this part as closed to the public by reason of one or more of the exemptive provisions listed in § 604.420 of this part.

(d) *Meeting* means the deliberations of at least two (quorum) members of the Board where such deliberations determine or result in joint conduct or disposition of official Farm Credit Administration business.

(e) *Member* means any one of the members of the Board.

(f) *Open meeting* means a meeting or portion of a meeting which is not an exempt meeting or an exempt portion of a meeting.

(g) *Public observation* means the right of any member of the public to attend and observe, but not participate or interfere in any way in, an open meeting of the Board, within the limits of reasonable and comfortable accommodations made available for such purpose by the Farm Credit Administration.

[51 FR 41942, Nov. 20, 1986]