[Federal Register Volume 65, Number 102 (Thursday, May 25, 2000)]
[Rules and Regulations]
[Page 33743]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-13191]


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FARM CREDIT ADMINISTRATION

12 CFR Part 614

RIN 3052-AB87


Loan Policies and Operations; Participations; 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 part 614 on April 25, 2000 (65 FR 24101). This final rule deletes 
requirements for a Farm Credit System (Farm Credit or System) 
institution to provide notice to or seek consent from other System 
institutions when it buys participation interests in loans originated 
outside its chartered territory. Repealing these notice and consent 
requirements can help increase the flow and availability of 
agricultural credit and help diversify geographic and industry 
concentrations in the loan portfolios of Farm Credit banks and 
associations. As a result of this rule, a Farm Credit bank or 
association will no longer need approval from other System institutions 
when it buys participations in loans from non-System lenders. 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 May 25, 2000.

EFFECTIVE DATE: The regulation amending 12 CFR part 614 published on 
April 25, 2000 (65 FR 24101) is effective May 25, 2000.

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
Richard A. Katz, 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: May 22, 2000.
Vivian L. Portis,
Secretary, Farm Credit Administration Board.
[FR Doc. 00-13191 Filed 5-24-00; 8:45 am]
BILLING CODE 6705-01-P