Rolnictwo i finanse · 04/03/1998

Loan Policies and Operations; Interest Rates and Charges; Effective Date

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.