[Federal Register Volume 63, Number 49 (Friday, March 13, 1998)]
[Rules and Regulations]
[Page 12401]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-6371]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 614 and 627

RIN 3052-AB09


Loan Policies and Operations; Title IV Conservators, Receivers, 
and Voluntary Liquidation; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

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SUMMARY: The Farm Credit Administration (FCA) published a final rule 
under parts 614 and 627 on February 4, 1998 (63 FR 5721). The final 
rule amends the regulations governing the funding relationship between 
a Farm Credit Bank (FCB) or agricultural credit bank (ACB), and a 
direct lender association or other financing institution (OFI). This 
rule repealed the requirement that the FCA prior approve the General 
Financing Agreement between an FCB or ACB and a direct lender 
association or OFI and eliminated a regulatory direct loan limitation. 
The rule also amended another regulation to permit the voluntary 
liquidation of Farm Credit institutions by means of an FCA-approved 
liquidation plan. 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 March 13, 1998.

EFFECTIVE DATE: The regulation amending 12 CFR parts 614 and 627 
published on February 4, 1998 (63 FR 5721) is effective March 13, 1998.

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

or

James M. Morris, Senior Counsel, 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: March 10, 1998.
Floyd Fithian,
Secretary, Farm Credit Administration Board.
[FR Doc. 98-6371 Filed 3-12-98; 8:45 am]
BILLING CODE 6705-01-P