|Subject:||Computation of Lending Limit Base|
|Date of Memorandum:||12/19/1997|
|Expiration Date:|| |
|Signed By:||Smith, Roland|
|FCA Contact Person:||Glenn, Thomas|
|List of Attachments:||None|
December 19, 1997
To: Chief Executive Officers
All Farm Credit Institutions
From: Roland E. Smith, Chief Examiner Roland E. Smith
Office of Examination
Subject: Computation of Lending Limit Base
This is a reminder for those Farm Credit System (FCS) institutions with a protected class of stock currently outstanding. Pursuant to Farm Credit Administration (FCA) Regulation 614.4351(a)(2), effective January 1, 1998, stock protected under section 4.9A of the Farm Credit Act of 1971, as amended, may no longer be included in the lending limit base of an FCS institution. Please ensure that any needed adjustments are made to your institution’s calculation process by that date.
Should you have any questions regarding the implementation of this regulation, please contact your respective FCA Field Office Director.