Nomination Hearing for Marsha P Martin Hearing Before the Committee On Agricu
Nomination Hearing for Marsha P Martin Hearing Before the Committee On Agricu
Nutrition United States Congress Senate Committee On Agri
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esviabJ i. -i'r. Wd to insure the timely payment ot '. . Principal and im. Eie. -t on nc-t:. '. =, bonds, ae. Tienv. Ures, and other obliga'. Ons issued bv the Farm rrv. -dLt Jystem banky. As a Corporation dir^";oi (Ms. Martin is pLOcluded from becoming the Chairman of rhe 21 Corporation board), Ms. Martin would administer the business of the Corporation, which includes insurance, financial assistance, receivership, and examination functions. Based on our review of Ms. Martin's 278 Report and f...ollow-up discussions with her, there appear to be no present financial conflicts of interest that would violate 18 U. S. C. 208(a) or 5 C. F. R. § 2635, subpart D. However, we have issued a cautionary- letter (in draft) to Ms. Martin, a copy of which is enclosed, concerning her retained health benefits and retirement plans with the FCB of Texas. The retirement plans with the FCB of Texas are both fully funded, independently managed plans. One is a defined- benefit plan and the other is a def ined-contribution plan containing two diversified mutual funds designated as excepted investment funds.
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