[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]



=======================================================================
-----------------------------------------------------------------------

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.

-----------------------------------------------------------------------

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