12 CFR Part 614

RIN 3052ÄAB35

Loan Policies and Operations; Lending Limits; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

SUMMARY: The Farm Credit Administration (FCA) published a final regulation
under part 614 on July 28, 1993 (58 FR 40311). The final regulation amends 12
CFR part 614 to prescribe a limit on extensions of credit to a single borrower
of 25 percent of capital for all Farm Credit System direct lender
institutions, except banks for cooperatives. 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 January 1, 1994.

EFFECTIVE DATE: The regulation amending 12 CFR part 614, published on July 28,
1993 (58 FR 40311) is effective January 1, 1994.

FOR FURTHER INFORMATION CONTACT: Dennis K. Carpenter, Senior Policy Analyst,
Regulation Development Division, Office of Examination, Farm Credit
Administration, McLean, Virginia 22102Ä5090, (703) 883Ä4498, TDD (703)
883Ä4444.

Authority:  12 U.S.C. 2252(a) (9) and (10).

Dated: December 16, 1993.

Curtis M. Anderson,

Secretary, Farm Credit Administration Board.

[FR Doc. 93Ä31281 Filed 12Ä21Ä93; 8:45 am]

BILLING CODE 6705Ä01ÄP