[Federal Register Volume 67, Number 42 (Monday, March 4, 2002)]
[Rules and Regulations]
[Page 9581]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-5093]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 614 and 619

RIN 3052-AB93


Loan Policies and Operations; Definitions; Loan Purchases and 
Sales; 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 619 on January 10, 2002 (67 FR 1281). This final 
rule will enable Farm Credit System (FCS or System) institutions to 
better use existing statutory authority for loan participations by 
eliminating unnecessary regulatory restrictions that may have impeded 
effective participation relationships between System institutions and 
non-System lenders. We believe that these regulatory changes will 
improve the risk management capabilities of both System and non-System 
lenders and thereby, enhance the availability of reliable and 
competitive credit for agriculture and rural America. 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 4, 2002.

EFFECTIVE DATE: The regulation amending 12 CFR parts 614 and 619 
published on January 10, 2002 (67 FR 1281) is effective March 4, 2002.

FOR FURTHER INFORMATION CONTACT: Mark L. Johansen, 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: February 27, 2002.
Kelly Mikel Williams,
Secretary, Farm Credit Administration Board.
[FR Doc. 02-5093 Filed 3-1-02; 8:45 am]
BILLING CODE 6705-01-P