[Federal Register Volume 59, Number 50 (Tuesday, March 15, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-6010]
[[Page Unknown]]
[Federal Register: March 15, 1994]
-----------------------------------------------------------------------
FARM CREDIT ADMINISTRATION
12 CFR Part 615
RIN 3052-AB25
Funding and Fiscal Affairs, Loan Policies and Operations, and
Funding Operations; Management of Investments, Liquidity, Interest Rate
Risk, and Eligible Investments; Effective Date
AGENCY: Farm Credit Administration.
ACTION: Notice of effective date.
-----------------------------------------------------------------------
SUMMARY: The Farm Credit Administration (FCA) published a final
regulation under part 615 on November 30, 1993 (58 FR 63034). The final
regulation amends 12 CFR part 615 allowing Farm Credit Banks, banks for
cooperatives, and agricultural credit banks to hold specified eligible
investments, in an amount not to exceed 30 percent of the total
outstanding loans of such banks, to maintain a liquidity reserve,
invest short-term surplus funds, and manage interest rate risk. These
regulations also establish a liquidity reserve requirement for all Farm
Credit System banks. 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 15, 1994.
EFFECTIVE DATE: The regulation amending 12 CFR part 615, published on
November 30, 1993 (58 FR 63034) is effective March 15, 1994.
FOR FURTHER INFORMATION CONTACT:
Michael J. LaVerghetta, Senior Financial Analyst, Office of
Examination, Farm Credit Administration, McLean, Virginia 22102-5090,
(703) 883-4498, TDD (703) 883-4444,
or
Richard A. Katz, Senior Attorney, Office of General Counsel, Farm
Credit Administration, McLean, Virginia 22102-5090, (703) 883-4020, TDD
(703) 883-4444.
Authority: (12 U.S.C. 2252(a) (9) and (10)).
Dated: March 10, 1994.
Curtis M. Anderson,
Secretary, Farm Credit Administration Board.
[FR Doc. 94-6010 Filed 3-14-94; 8:45 am]
BILLING CODE 6705-01-P