Assessment and Apportionment of Administrative Expenses; Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations; Disclosure to Shareholders; Effective Date

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The Farm Credit Administration (FCA) published a final regulation under parts 607, 614, 615, and 620 on July 22, 1994 (59 FR 37400). The final regulation amends 12 CFR parts 607, 614, 615, and 620 to establish requirements for the agreement between a Farm Credit Bank (FCB) and its related direct lender associations specifying where the earnings held by the FCB and allocated to associations may be counted as permanent capital, to specify how there earnings would be counted in the absence of an agreement, to provide a date certain for the exclusion from capital of payments by Farm Credit institutions to the Farm Credit System Financial Assistance Corporation made in connection with the repayment of Treasury-paid interest, and to make other conforming changes to implement the statutory amendments. Technical and conforming changes are made throughout the agency's regulations. 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 December 31, 1994.