Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 12 - Banks and Banking |
Chapter VI - Farm Credit Administration |
SubChapter B - Farm Credit System |
Part 615 - Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations |
Subpart Q - Bankers' Acceptances |
§ 615.5550 - Bankers' acceptances.
Latest version.
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§ 615.5550 Bankers' acceptances.
Banks for cooperatives may rediscount with other purchasers the acceptances they have created. The bank for cooperatives' board of directors, under established policies, may delegate this authority to management.
[71 FR 65387, Nov. 8, 2006]