[Federal Register Volume 70, Number 209 (Monday, October 31, 2005)]
[Rules and Regulations]
[Page 62232]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-21629]


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FARM CREDIT ADMINISTRATION

12 CFR Part 615

RIN 3052-AC22


Funding and Fiscal Affairs, Loan Policies and Operations, and 
Funding Operations; Investments, Liquidity, and Divestiture; 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 615 on August 31, 2005 (70 FR 51586). This final rule amends 
our liquidity reserve requirements for the banks of the Farm Credit 
System to ensure the banks have adequate liquidity. The final rule 
increases the minimum liquidity reserve requirement to 90 days, 
increases the eligible investment limit to 35 percent of total 
outstanding loans and requires Farm Credit banks to develop and 
maintain liquidity contingency plans. These amended requirements will 
improve the ability of Farm Credit banks to supply agricultural credit 
in all economic situations. 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 regulation is October 24, 2005.

EFFECTIVE DATE: The regulation amending 12 CFR part 615 published on 
August 31, 2005 (70 FR 51586) is effective October 24, 2005.

FOR FURTHER INFORMATION CONTACT:

Wade Wynn, Financial Analyst, Office of Regulatory Policy, Farm Credit 
Administration, McLean, VA 22102-5090, (703) 883-4498, TTY (703) 883-
4434; or
Laura McFarland, Senior Attorney, Office of General Counsel, Farm 
Credit Administration, McLean, VA 22102-5090, (703) 883-4020, TTY (703) 
883-4020.

    Authority: 12 U.S.C. 2252(a)(9) and (10)

    Dated: October 26, 2005.
Jeanette C. Brinkley,
Secretary, Farm Credit Administration Board.
[FR Doc. 05-21629 Filed 10-28-05; 8:45 am]
BILLING CODE 6705-01-P