12 CFR 615.5105
§ 615.5105 Consolidated Systemwide notes.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 615.5105, § 615.5105 Consolidated Systemwide notes, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47822
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Full text
Consolidated Systemwide notes authorized under § 615.5100(b) shall be subject to the following provisions unless otherwise approved by the Farm Credit Administration:
(a) Maturities shall be not less than five days nor more than 365 days.
(b) Prices shall be on a discount yield basis or as determined by the Funding Corporation.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.