[Federal Register Volume 89, Number 38 (Monday, February 26, 2024)]
[Rules and Regulations]
[Page 13975]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-03870]



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 Rules and Regulations
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  Federal Register / Vol. 89, No. 38 / Monday, February 26, 2024 / 
Rules and Regulations  

[[Page 13975]]



FARM CREDIT ADMINISTRATION

12 CFR Parts 614 and 620

RIN 3052-AD54


Loan Policies and Operations

AGENCY: Farm Credit Administration.

ACTION: Notification of effective date.

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SUMMARY: The Farm Credit Administration (FCA, we, or our) issued a 
final rule amending our regulations governing young, beginning, and 
small farmers and ranchers (YBS).

DATES: The final rule was published on December 27, 2023 (88 FR 89280), 
and is effective as of February 14, 2024.

FOR FURTHER INFORMATION CONTACT: 
    Technical information: Jessica Tomlinson-Potter, Senior Policy 
Analyst, Office of Regulatory Policy, (703) 819-4667, TTY (703) 883-
4056, [email protected].
    or
    Legal information: Hazem Isawi, Senior Attorney, Office of General 
Counsel, (703) 883-4022, TTY (703) 883-4056, [email protected].

SUPPLEMENTARY INFORMATION: On October 12, 2023, FCA issued a final rule 
amending our regulations at 12 CFR parts 614 and 620 governing service 
to YBS. The final rule clarifies the responsibilities of funding banks 
in the review and approval of direct lender association YBS programs, 
strengthens funding bank internal controls, and bolsters YBS business 
planning.
    In accordance with 12 U.S.C. 2252(c)(1), the effective date of the 
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 regulations is February 14, 2024.

    Dated: February 21, 2024.
Ashley Waldron,
Secretary to the Board, Farm Credit Administration.
[FR Doc. 2024-03870 Filed 2-23-24; 8:45 am]
BILLING CODE 6705-01-P