[Federal Register Volume 60, Number 2 (Wednesday, January 4, 1995)]
[Rules and Regulations]
[Page 325]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-131]
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FARM CREDIT ADMINISTRATION
12 CFR Parts 607, 614, 615, and 620
RIN 3052-AB44
Assessment and Apportionment of Administrative Expenses; Loan
Policies and Operations; Funding and Fiscal Affairs, Loan Policies and
Operations, and Funding Operations; Disclosure to Shareholders;
Effective Date
AGENCY: Farm Credit Administration.
ACTION: Notice of effective date.
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SUMMARY: The Farm Credit Administration (FCA) published a final
regulation under parts 607, 614, 615, and 620 on July 22, 1994 (59 FR
37400). The final regulation amends 12 CFR parts 607, 614, 615, and 620
to establish requirements for the agreement between a Farm Credit Bank
(FCB) and its related direct lender associations specifying where the
earnings held by the FCB and allocated to associations may be counted
as permanent capital, to specify how there earnings would be counted in
the absence of an agreement, to provide a date certain for the
exclusion from capital of payments by Farm Credit institutions to the
Farm Credit System Financial Assistance Corporation made in connection
with the repayment of Treasury-paid interest, and to make other
conforming changes to implement the statutory amendments. Technical and
conforming changes are made throughout the agency's regulations. 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 December 31, 1994.
EFFECTIVE DATE: The regulation amending 12 CFR parts 607, 614, 615, and
620 published on July 22, 1994 (59 FR 37400) is effective December 31,
1994.
FOR FURTHER INFORMATION CONTACT:
Robert S. Child, Policy Analyst, Regulation Development, Office of
Examination, Farm Credit Administration, McLean, Virginia 22102-5090,
(703) 883-4498, TDD (703) 883-4444, or
Rebecca S. Orlich, Senior Attorney, Office of General Counsel, Farm
Credit Administration, McLean, Virginia 22102-5090, (703) 883-4020, TDD
(703) 883-4444.
(12 U.S.C. 2252(a)(9) and (10))
Dated: December 29, 1994.
Floyd Fithian,
Acting Secretary, Farm Credit Administration Board.
[FR Doc. 95-131 Filed 1-3-95; 8:45 am]
BILLING CODE 6705-01-P