Farm credit system: Loan policies and operations— System lenders,

[Federal Register: August 6, 1998 (Volume 63, Number 151)]

[Rules and Regulations]

[Page 41958]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr06au98-2]

FARM CREDIT ADMINISTRATION

12 CFR Parts 611, 614, 620, and 630

RIN 3052-AB67

Organization; Loan Policies and Operations; Disclosure to Shareholders; Disclosure to Investors in Systemwide and Consolidated Bank Debt Obligations of the Farm Credit System; Other Financing Institutions; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

SUMMARY: The Farm Credit Administration (FCA) published a final rule under parts 611, 614, 620 and 630 on July 7, 1998 (63 FR 36541). The final rule amends the regulations governing the funding and discount relationship between Farm Credit System (System) banks that operate under title I of the Farm Credit Act of 1971, as amended, and non- System other financing institutions. In accordance with 12 U.S.C. 2252, the effective date of the final rule is 30 days from the date of publication in the Federal Register during which either or both Houses of Congress are in session. Based on the records of the sessions of Congress, the effective date of the regulations is August 6, 1998.

EFFECTIVE DATE: The regulation amending 12 CFR parts 611, 614, 620 and 630 published on July 7, 1998 (63 FR 36541) is effective August 6, 1998.

FOR FURTHER INFORMATION CONTACT: Eric Howard, Policy Analyst or S. Robert Coleman, Senior Policy Analyst, Regulation and Policy Division, Office of Policy Analysis, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-4498,

or

Richard A. Katz, Senior Attorney, Regulatory Enforcement Division, Office of General Counsel, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-4020, TDD (703) 883-4444.

(12 U.S.C. 2252(a)(9) and (10))

Dated: August 3, 1998. Floyd Fithian, Secretary, Farm Credit Administration Board.

[FR Doc. 98-21028Filed8-5-98; 8:45 am]

BILLING CODE 6705-01-P