[Federal Register Volume 63, Number 178 (Tuesday, September 15, 1998)]
[Rules and Regulations]
[Page 49265]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-24632]



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  Federal Register / Vol. 63, No. 178 / Tuesday, September 15, 1998 / 
Rules and Regulations  

[[Page 49265]]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 611, 615, 620 and 627

RIN 3052-AB58


Organization; Funding and Fiscal Affairs, Loan Policies and 
Operations, and Funding Operations; Disclosure to Shareholders; Title V 
Conservators and Receivers; Capital Provisions; 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 611, 615, 620 and 627 on July 22, 1998 (63 FR 39219). The 
final rule amends the capital adequacy and related regulations to 
address: interest rate risk; the grounds for appointing a conservator 
or receiver; capital and bylaw requirements for service corporations; 
and various computational issues and other issues involving the capital 
regulations. The rule adds safety and soundness requirements deferred 
from prior rulemakings, provides greater consistency with capital 
requirements of other financial regulators, and makes technical 
corrections. 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 September 14, 1998.

EFFECTIVE DATE: The regulation amending 12 CFR parts 611, 615, 620 and 
627 published on July 22, 1998 (63 FR 39219) is effective September 14, 
1998.

FOR FURTHER INFORMATION CONTACT:
Dennis K. Carpenter, Senior Policy Analyst, Office of Policy and 
Analysis, Farm Credit Administration, McLean, VA 22102-5090, (703)883-
4498;
      or
Rebecca S. Orlich, Senior Attorney, 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: September 9, 1998.
Floyd Fithian,
Secretary, Farm Credit Administration Board.
[FR Doc. 98-24632 Filed 9-14-98; 8:45 am]
BILLING CODE 6705-01-P