[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]


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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.

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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