[Federal Register Volume 85, Number 247 (Wednesday, December 23, 2020)]
[Rules and Regulations]
[Page 83749]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-27144]


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FARM CREDIT ADMINISTRATION

12 CFR Part 615

RIN 3052-AD35


Organization; Funding and Fiscal Affairs, Loan Policies and 
Operations, and Funding Operations; Investment Eligibility

AGENCY: Farm Credit Administration.

ACTION: Notification of effective date.

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SUMMARY: The Farm Credit Administration (FCA or we) issued a final rule 
that amends its investment regulations to authorize Farm Credit System 
(FCS or System) associations to purchase in the secondary market and 
hold as investments, portions of loans that non-FCS lenders originate, 
and that the United States Department of Agriculture (USDA) fully and 
unconditionally guarantees or insures as to the timely payment of 
principal and interest. In accordance with statute, the effective date 
of the final rule is no earlier than 30 days from the date of 
publication in the Federal Register during which either or both House 
of Congress are in session.

DATES: The final rule regulation amending 12 CFR part 615 published on 
October 6, 2020 (85 FR 62945), and corrected on November 6, 2020 (85 FR 
62949), is effective as of December 23, 2020.

FOR FURTHER INFORMATION CONTACT:
    Technical information: David J. Lewandrowski, Senior Policy 
Analyst, Finance & Capital Market Team, Office of Regulatory Policy, 
(703) 883-4414, TTY (703) 883-4056, [email protected].
    Legal information: Richard A. Katz, Senior Counsel, Office of 
General Counsel, (703) 883-4020, TTY (703) 883-4056, [email protected].

SUPPLEMENTARY INFORMATION: On August 13, 2020, the FCA issued a final 
rule that amended Sec.  615.5140(b) so FCS associations are authorized 
to purchase in the secondary market and hold as investments, portions 
of loans that non-System lenders originate, and the USDA fully and 
unconditionally guarantees as to the payment of principal and interest. 
The final rule was published in the Federal Register on October 6, 
2020.
    In accordance with 12 U.S.C. 2252(c)(1), the effective date of the 
final rule is no earlier than 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 December 23, 2020.

    Dated: December 7, 2020.
Dale Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2020-27144 Filed 12-22-20; 8:45 am]
BILLING CODE 6705-01-P