[Federal Register Volume 63, Number 42 (Wednesday, March 4, 1998)]
[Rules and Regulations]
[Page 10515]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-5552]
-----------------------------------------------------------------------
FARM CREDIT ADMINISTRATION
12 CFR Part 614
RIN 3052-AB81
Loan Policies and Operations; Interest Rates and Charges;
Effective Date
AGENCY: Farm Credit Administration.
ACTION: Notice of effective date.
-----------------------------------------------------------------------
SUMMARY: The Farm Credit Administration (FCA) published a direct final
rule, with opportunity for comment, amending part 614 on December 22,
1997 (62 FR 66816). These amendments eliminated the prior approval
requirement for changes in interest rate policies at banks for
cooperatives (BCs), eliminated unnecessary or duplicative regulatory
requirements, and clarified existing requirements that are retained.
The opportunity for comment expired on January 21, 1998. The FCA
received no comments and therefore, the final rule becomes effective
without change. 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, 1998.
EFFECTIVE DATE: The regulation amending 12 CFR part 614 published on
December 22, 1998 (62 FR 66816) is effective March 4, 1998.
FOR FURTHER INFORMATION CONTACT:
Linda C. Sherman, Policy Analyst, Office of Policy and Analysis, Farm
Credit Administration, McLean, VA 22102-5090, (703)883-4498;
or
Rebecca S. Orlich, Senior Attorney, 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, 1998.
Floyd Fithian,
Secretary, Farm Credit Administration Board.
[FR Doc. 98-5552 Filed 3-3-98; 8:45 am]
BILLING CODE 6705-01-P
